Jiama drill results should on all 130 km come up with 5 million plus oz in Gold and 250 Million oz in silver and copper production expected to reach 176,400,000 pounds up from its 2012 level of 25,821,000.
and extend CGG Mine Life to 70 yrs ! CSH AND Jiama combine needs to hit 10 million plus of Gold!
| Combined Gold Reserve / Resource |
| Category || Gold Content |
| Proven / Probable Reserve || 6.7 |
| Measured / Indicated Resource* || 8.1 |
2013 Production and Operating Guidance and Drilling Plansn 2013, the Company plans to drill about 30,000 meters
The total plantation area covers 155,000 square meters, according to the company, which made records of the survival rate of different species of tree they planted. The survival percentage of some trees such as the willow and redleaf cherry plum was raised from 50 percent to 80 percent in 2012 after professional care.Meanwhile, the company discovered 650,000 tons of molybdenum reserves, 140 tons of gold reserves, 8,624 tons of silver reserves and 560,000 tons of lead and zinc reserves.
The office said the potential value of the mining resources in Tibet is more than 600 billion yuan.
The company said after completion, annual output will reach 50,000 tons of copper, 1.2 tons of gold and 50 tons of silver. At current prices, the yearly sales revenue of the company will reach 4.50 billion yuan with profits of 1.18 billion yuan. The newly added mineral reserves will reach 2,000 billion yuan by 2015.
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.
China Gold International Reports Strong 2013 First Quarter Results and Reconfirms 2013 Annual Outlook
Cash Costs Decrease. Operating Income, Net Income and EPS grows. CSH receives Prestigious Award.
VANCOUVER, May 15, 2013 /CNW/ - China Gold International Resources Corp. Ltd. (TSX: CGG; HKEx: 2099) (the "Company" or "China Gold International Resources") is pleased to report financial and operational results for the three months ended March 31, 2013 ("Q1", "quarter" or "first quarter 2013") and reconfirms its 2013 outlook.
First Quarter 2013 Financial Highlights
Consolidated revenues of US$76.7 million for the first quarter ended March 31, 2013 were consistent with US$77.6 million earned in the first quarter ended March 31, 2012.Revenues from the Chang Shan Hao Gold Mine (the "CSH Mine", the "CSH Gold Mine" or "CSH") accounted for 62%, or US$47.4 million (Q1, 2012: US$54.5 million), of total revenue for the quarter.Revenue from the Jiama Copper-Gold Polymetallic Mine (the "Jiama Mine" or "Jiama") accounted for 38%, or US$29.3 million (Q1, 2012: US$23.1 million),