Dr. Xin Song, CEO of the Company, commented, “Compared with the last CSH technical report released in 2010, this new expansion feasibility study presents solid robust economics and strong cashflow for the project. Mineable reserves increased by 61% from 2.53 million ounces to 4.08 million ounces of gold. With mineralization continuing further down depth, we see a bright future for the CSH Operation China Gold International Announces Pre-Feasibility Study for Expansion of the Jiama Project with IRR of 53.7% and Project Update Undiscounted, cumulative net cash flow, is approximately $3.8 billion Mining
The Phase II Expansion Project will include the addition of four open pits and one underground mine.
The four open pits are designed to mine all three types of mineralization, producing approximately 6.3 Mt of ROM ore and removing about 19 Mt of waste rock per annum with a LOM stripping ratio of 3.01. The underground mine is designed to mine the high grade portion of the skarn type mineralization and will produce approximately 6 Mt of ROM ore per annum. The board of directors (the “Board”) of China Gold International Resources Corp. Ltd. (the “Company”) hereby announces that a meeting of the Board will be held on Wednesday, 14 November 2012, Beijing time, being Tuesday, 13 November 2012 pls put Mundoro in CGG name without a permit.and some Monnis news..and go to 49% of CGG..CNG....thx Shareholders!