The Jiama Mine
The Phase II development, which
contemplated an expansion to a 12,000 tpd mining operation, is under review. The Company has retained engineering
firms to conduct a feasibility study in contemplation of building a larger scale mining operation using the additional
drilling results as the basis for expanding the mine to support an even larger scale of operations.
CSH/After discussions with management, we believe that the new
estimate could potentially double the existing measured and indicated resource to
around 10 million ounces of gold
Plans call for Jiama mine in Tibet to produce 63,000 tons annually!
102 types of mineral deposits in over 3000 mine beds with an estimated value of about 600 billion Yuan, (USD 100 billion) in Tibet Source: Indian express “The prospecting results are subject to independent third-party verification overseas,”....Sun said the company envisions tripling both its total assets and revenues with the aim of joining top-tier global mining companies.