Leyshon Resources

Leyshon Resources Limited (AIM & ASX:LRL) was on the ground in 2003 when China opened its gold sector to foreign investment and is participating in the once-in-a- lifetime transformation of this state owned industry into the world’s largest gold producer.

The Company is fully engaged in China with its main operating office in Beijing and is developing the Zheng Guang gold zinc project as the first Sino Foreign owned gold mine in the mineral rich province of Heilongjiang, north east China.

The joint venture has established a 135 km² strategic ground position on a major unexplored gold and copper belt and has achieved a discovery cost to date of less than US$5 per ounce of gold.

A 35,000 metre exploration programme commenced in May 2008 targeting previously identified gold and copper prospects.

The project benefits from exceptional infrastructure as it is located within a well established coal and copper mining community and combines low Chinese capital and operating costs with the latest Australian metallurgical design.

Leyshon’s partner, Qiqiha’er Brigade of the Heilongjiang BGMR, is one of the largest geological bureaus in China and is providing a range of services to the joint venture enabling the project to rapidly move ahead on an extremely cost effective basis.

The Company is one of AIM’s most liquid gold stocks with a market capitalisation of US$100 million and is funded by its major shareholders which include JP Morgan, Baker Steel, US Global, Citigroup, Investec, Deutsche, Jupiter Ospraie, Generali, Credit Suisse, Foreign & Colonial, Standard Bank and others.

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Regional Review

Regional Review ImageA detailed regional review of Heilongjiang and north-east Inner Mongolia by Leyshon has revealed it to be one of the most geologically prospective and under-explored areas in China. The region straddles the eastern extension of the 6,000 kilometre Tien Shan Belt and was formerly one of the countries largest gold producing regions having produced over 20 million ounces.

Much of the alluvial production has now been exhausted and attention has turned to the vast hard rock potential which lies largely unexplored by modern exploration techniques due to the lack of funding. (Read More)

Zheng Guang Gold Project

The Zheng Guang gold project lies approximately 8 kilometres south-east of Duobaoshan and was discovered by the HLJBGMR in 2000 through a regional stream sediment sampling programme. Results from the first six drill holes have been received and are encouraging, with strong intercepts (including 16 metres @ 6.09 g/t from 69 metres in hole ZGD006 and 44 metres @ 3.16 g/t Au from 50 metres) being recorded from the central section of known mineralisation. (Read More)

Board of Directors

John WS Fletcher CBE
Non-Executive Chairman, Member of the Audit Committee and Chairman of the Remuneration Committee

Paul C Atherley
Managing Director Qualifications - BSc (Hons), MappSC, MBA, MAusIMM, ARSM

Richard Seville
Non-Executive Director - BSC (Hon) M.Eng.Sc, Chairman of the Audit Committee and Member of the Remuneration Committee

Andrew Berry III
Non-Executive Director - BSC, MBA

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