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! Mundoro would be a easy deal with no cost to CNG all CNG needs to do is go to 49% of CGG and PUT Maoling Gold Project in the Liaoning Province in CGG NAME!. CNG shares would not be forsale if they did that on the deal! ..CNG OWNS 39% OF CGG!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.....Gold at 5 million oz an 250 million oz of silver at Jiama should be CGG goal! on new drill results!