CHINAGOLDINTL (02099.HK) expects to produce 145,000 oz of gold in 2013 CHINAGOLDINTL (02099.HK) announced that gold production from the CSH mine increased by 4.4% from 133,541 ounces in 2011 to 139,443 ounces in 2012. The 2013 gold production at CSH is expected to be about 145,000 ounces. 2013 Production and Operating Guidance and Drilling Plans
The Company's outlook for 2013 remains positive with the objective of building new capacity, increasing production at its operating mines and acquiring additional projects with support from the Company's largest shareholder and the largest gold producer in China, China National Gold Group Corporation Jiama – 2013 outlook
After successfully completing 40,496 meters of drilling in 2012, the Jiama mine is actively engaging in the recommended work set out in the pre-feasibility report. The company expects to complete the feasibility study and release the 43-101 report In 2013, the Company plans to drill about 30,000 meters at a cost of approximately US$9.5 million. Main goals of the 2013 drilling program are:
further delineating the South Pit ore body to define a potentially larger final pushback In 2013, Jiama is expected to mine and process 1.8 million tonnes of ore, producing about 26,500,000 pounds of copper, 9,000 ounces of gold, and 800,000 ounces of silver. The stripping ratio is expected to be 3.8.....hiiting Gold at 5 million oz an 250 million oz of silver at Jiama should be CGG goal! on new drill results!