China Resources International Given Okay To Extend Exploration At Jilin
China Resources International is delighted to announce it has located high grade underground vein intersects at its Xiaoluo project site and will now expand the exploration zone.
Shanghai (I-Newswire) January 30, 2013 - China Resources International had, in the final quarter of 2012, already announced the intent to pursue exploratory drilling at its Xiaoluo site, and is therefore delighted to report that as of this week it has successfully located, accessible, high grade vein intersects in another exploratory zone. At this stage the geochemical samples taken from around the zone suggest an average grade of 4.85 g/t Au, although the exact extent of the mineralisation has yet to be determined.
Attempts to assess the ore grade on this site prior to the festive period had suggested grades as high as 3.68 g/t, based on initial samples taken at hole XIA-NL-001, which led to a 2013 estimated throughput on the Xiaoluo site of 12,000 ounces. This published estimation according to CEO Mr Wang Yu, will at present remain unchanged despite this positive news.
Company President Mr Wei Feng said “Of course this comes as no surprise to myself or to our board of directors as our earlier samples had indicated the presence of high grade gold mineralisation on the site, but what is noteworthy is that these intersects should prove accessible as well as yielding an ore which is economical to produce, meaning our expenditure remains within our designed budget. 2012 was a strong year for us, but I believe holds even more promise.”
In a further announcement China Resources Internationals President Mr Wei Feng said that despite having revised down the number of jobs the company expected to create this year, a considerable number of new positions will now be created over the coming weeks, not only on the ground but also within the administrative departments.
About China Resources International
China Resources International
51F, Raffles City Centre, 268 Xi Zang Middle Road,
Huang Pu District Shanghai
Phone : +86-21-2312-7674
Published On:January 30, 2013
Print Release:Print Release
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