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Tuesday, 25th July 2006 (3230 views)

Chinese mining company Tianshan Goldfields has announced an increased scope for its gold mining prospects in the Gold Mountain region of western China, Hemscott reports.

The company said it had uncovered further mineralisation to its Yelmand, Mayituobi and Jinxi deposits at the property, which it was expecting to investigate further before commencing work to extract the precious metal.

There has also been tentative drilling carried out at several other potentially lucrative properties in the area, at Lion, Archer, Arrow, Ridge, Gorge, Plateau and Kezele Kula.

In a statement to the Australian stock exchange, where the company is listed, it said: "These initial drill results demonstrate that the geological model can be applied to extend existing deposits and make new discoveries at Gold Mountain."

Tianshan Goldfields is also listed on London's Alternative Investments Market (AIM). Its mining focus is centred on prospects in China, which recently became the world's fourth largest gold producing nation.

 

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