China Gold International Resources is confident that recent drilling at the CSH 217 Gold Project in Inner Mongolia will lead to an expansion in resources down depth and in a new zone.
A total of 8 holes of diamond drilling for 4187.57 metres were completed including 6 holes drilled to test for higher grade mineralization at depth and 2 holes drilled to test the surface trenching intercepts of a new NW zone of gold mineralization discovered on the company's contiguous exploration permit.
Highlights of the program include intercepts of 144.50 metres @ 0.92 grams/tonne gold and 134.30 metres @ 0.68 grams/tonne in drill holes, and 14 metres @ 4.26 grams/tonne and 28 metres @ 0.34 grams/tonne in trenches.
Although two holes drilled below the two trenches failed to intercept significant gold mineralization, anomalous gold values were discovered and further drilling is planned for next field season to fully evaluate the potential for the NW zone.
China Gold's CEO Dr Xin Song says, "With the exploration achievement of the current stage, we are full of confidence in expanding the resources both down depth and in a new zone. The significant potential for resources growth on the CSH project is obvious and an aggressive three year exploration program is already in the planning stage to further increase our success at the CSH mine."
China Gold International Resources is a mining company whose principal property is CSH. The company began producing gold at CSH in July 2007.
In addition the company now owns the Jiama Copper Polymetallic Project which is one of the largest copper polymetallic mines in China. It is a large scale deposit consisting of copper, molybdenum, gold, silver, lead and zinc and is currently in the production stage.