Description
Tianshan Goldfields Limited Is focused on developing its 90% interest in the Gold Mountain Project in north western China. China is now the fourth largest gold producer in the world.
The Gold Mountain Project consists of exploration licences covering 632 square kilometres and hosts advanced gold deposits and exploration targets with the potential for both large tonnage disseminated gold deposits and narrower higher grade opportunities. The Company currently has a total Indicated and Inferred Mineral Resource estimated at 95 million tonnes at 0.9g/t Au for 2.8 million ounces of gold (at 0.5g/t Au lower cut-off grade).
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Company Statement:
Tianshan Goldfields Limited is focused on developing its 90% interest in the Gold Mountain Project in north western China. China is now the largest gold producer in the world.
The Gold Mountain Project consists of exploration licences covering 632 square kilometres and hosts advanced gold deposits and exploration targets with the potential for both large tonnage disseminated gold deposits and narrower higher grade opportunities.
The Company currently has a total Indicated and Inferred Mineral Resource estimated at 95 million tonnes at 0.9g/t Au for 2.8 million ounces of gold (at 0.5g/t Au lower cut-off grade).
Current Operations:
Gold Mountain
The Gold Mountain project is located in the highly prospective Tian Shan Gold Belt where it extends into the north western region of Xinjiang, People’s Republic of China. The belt hosts a number of the world’s largest gold deposits including the Muruntau, Kumtor and Arxi mines.
The Gold Mountain tenements cover an area of approximately 512km2, in the foothills of the Tianshan Mountain Range, at elevations of 1,400-1,900 metres above sea level. These tenements are prospective for large-scale, high sulphidation, disseminated, stratabound epithermal gold deposits suited to development as open-pit-heap leach operations, as well as smaller tonnage high grade opportunities to feed a mill.[Read More]
Jinxi-Balake Deposit
Gold mineralisation at Jinxi-Balake is associated with breccias in a sub-horizontal blanket with higher grade sub-vertical zones. Drilling in 2006 has shown that the Jinxi deposit joins the newly discovered Balake prospect to the west and Pond prospect to the south east. Surface mapping and geophysical resistivity and ground magnetic surveys show there is a thick sequence of favourable stratigraphy to the west, south and south east yet to be drill tested.[Read More]
Yelmand Deposit
The Yelmand deposit, located one kilometre north west of Jinxi, is part of the same stratabound disseminated gold-in-breccia style of mineralisation that hosts Jinxi. The mineralised zone at Yelmand consists of a sub-horizontal blanket of silicified breccia (which has a maximum downhole thickness of 105 metres representing a true thickness of up to 90 metres). At Yelmand, the blanket has a maximum width of 500 metres and is up to 800 metres long in a north-west direction. Drilling in 2006 has now closed off this system and joined it to the north west part of the Jinxi-Balake deposit. The eastern edge of the blanket at Yelmand has been truncated by a north south fault which has down-faulted the stratigraphy to the east, the depth potential of which has yet to be tested by drilling.[Read More]
Mayituobi Deposit
Mayituobi, located 2.5km east of Jinxi, was discovered during the regional rock chip sampling programme in 2004. Drilling since then has delineated a north east trending, elongated sub-horizontal breccia zone approximately 300 metres wide and 500 metres long.[Read More]
Lion Prospect
Lion is a new discovery at Gold Mounain which was targeted from a surface outcrop of siliceous breccia assaying 0.8g/t Au. Lion is located midway between Jinxi and Mayituobi adjacent to a dacite dome. The drilling at Lion has identified a zone 600 metres long and over 100 metres wide and is open to the west and north.[Read More]
Other Prospects
The Company's exploration and drilling in 2006 has delivered a significant upgrade in the extent of the gold mineralisation at Gold Mountain and identified new prospects to explore within the Gold Mountain tenement and on the regional tenements.[Read More]
Management
Keith Liddell
Non Executive Chairman
Keith Liddell has built a reputation in the minerals industry as an experienced metallurgical engineer and resource company manager. Keith's technical expertise extends to engineering of plant and equipment, process development, project management and risk planning. While Keith has particular experience in developing resource projects for the platinum group metals, base metals, gold, diamonds and industrial minerals, his engineering skills are applied across the board. Keith holds a number of patents to his name.
Grant Thomas
Managing Director
For the past several years Grant has held senior positions with Rio Tinto Exploration (Brazil and China) and Hamersley Iron. The most recent position was Principal Geologist in Brazil managing a team of Brazilian geologists exploring for nickel, copper, gold and PGE mineralisation. Prior to his role in Brazil, Grant was County Manager and Chief Representative for Rio Tinto Mining and Exploration (China) in Beijing from 1997 to 2000. In China, Grant managed a team of Chinese geologists exploring for gold, copper, coal and base metal mineralisation in various geological terrains.
Jason Bontempo
Executive Director
Jason Bontempo has worked with the Company in the capacity of Chief Financial Officer for the last two years. Jason was closely involved with the AIM listing of Tianshan and its ongoing corporate and financial affairs. Prior to joining Tianshan, Jason worked in investment banking and corporate advisory after qualifying as a chartered accountant with Ernst & Young in 1997.
David Evans
Non-Executive Director
David Evans resides in Ireland, he has over 30 years expertise in operational and project development in a number of sectors within the resources industry. This expertise includes gold, platinum, base metals, aluminium and coal for both large mining houses and emerging producers. His proven abilities in project management, contract negotiation and management of resource companies makes him a valuable member to the company to oversee the development strategy for the Gold Mountain Project.
Graham Woolford
Non-Executive Director
Graham Woolford has over 35 years experience in marketing and business development within Australian, South East Asian and East African mining industries. His experience encompasses mergers, acquisitions and the establishment of joint ventures. Graham Woolford also has international experience for the sale of mineral commodities within China, India and North American markets.
For further details on the management team [Read More]
Major Shareholders
Top 20 Shareholders
Mineral Securities Holdings Pty Ltd
HSBC Custody Nominees (Australia) Limited
National Nominees Limited
Macquarie Bank Limited
ANZ Nominees Limited
Macquarie Bank Limited
Citicorp Nominees Pty Ltd
Merrill Lynch (Australia) Nominees Pty Limited
CIM Special Situations Fund Limited
Morstan Nominees Limited
Bow Lane Nomnees LTD
Macquarie Bank Limited
The Bank of New York
BNY Mellon Nominees Limited
Standard Bank PLC
Jarden Custodians Limited
Asian Lion Limited
Teawood Nominees Limited
JP Morgan Nominees Australia
Adam & Company International Limited
For full details [Read More]
Contact Information
Head Office
Level 22, Allendale Square
77 St Georges Tce
Perth WA 6000
Postal Address
GPO Box 2536
Perth WA 6831
Telephone: +61 8 9221 7729
Facsimile: +61 8 9221 7866
Email: enquiries
Corporate Information
Nominated Adviser and Placing Agent (UK)
WH Ireland Ltd
11 St James's Square
Manchester, M2 6WH
United Kingdom
Telephone: +44 161 819 8724
Contact: Laurie Beevers or David Youngman
Broker
GMP Securities Europe LLP
Moorgate Hall
155 Moorgate
London, EC2M 6XB
Telephone: +44 20 7459 5723
Contact: Jeremy Wrathall