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china gold speculation

  1. 872 Posts.
    Hi all

    Who could be the mysterious China gold partner?

    Found something I though was of interest:

    http://www.thebullandbear.com/bb-reporter/bbfr-archive/minco.html

    Minco Mining & Metals Corporation (TSX: MMM; AMEX: MMK), a long-term player in the China -mining sector, is poised to break out as a leading gold -producer in several of the most prolific regions of the country – and recently rewarded shareholders with the spin off of its subsidiary, Minco Silver -Corporation (TSX: MSV) -- www.mincomining.ca, into an independently traded company with a world-class silver property and a world-class partner, Silver Standard Resources.
    Since 1994 when it became one of the first -Canadian-based resource companies operating in China, Minco Mining & Metals assembled an -impressive portfolio of projects that focus -primarily on gold and silver, but also include base metals -deposits that hold significant promise.
    “We have been in China for 12 years. There are not a lot of companies that can say that,” says Minco Chief Financial Officer and Vice President, Corporate Development, Mark Orsmond. He credits Minco President Ken Z. Cai’s broad knowledge of and expertise in China for Minco’s success. Dr. Cai is a former Chinese national who worked in the country’s Ministry of Land and -Resources evaluating large mining opportunities, later collaborating with Teck Cominco (which still holds a stake in Minco) in identifying prime -exploration properties, and subsequently forming a company rivaled by few in terms of its portfolio scope and prospects in this mineral-rich country.
    Minco has evaluated more than 400 mining -opportunities to develop a portfolio of more than 20 properties including the advanced Changkeng Gold Project, the Yangshan gold field, the world-class Fuwan Silver Project now controlled by Minco Silver, and the base metals White Silver Mountain Project. The company has established key joint -venture partnerships in the provinces of Hebei, Xinjian, Gansu, Guangdong and Inner Mongolia, China.
    Today, Minco Mining & Metals has a combined -exploration potential of 3.9 million ounces of gold at its Changkeng and Anba deposits alone, as well as significant potential at its White -Silver -Mountain base metals project and myriad of other gold properties.
    “Minco’s mission is to become China’s leading producer of precious and base metals,” says Orsmond.

    Minco’s primary focus in 2006 is to bring its Changkeng Gold Project through pre-feasibility. The near-surface, high-grade gold deposit located in southern China is expected to be the first of the company’s many high-grade projects to reach -production.
    Gold was first discovered in the area in early 1990 and in 1993 was estimated to have the potential for 3.43 million tonnes grading at 7.9 g/t gold. -Previous exploration also indicates the presence of -substantial silver and other minerals. The project is easily accessible to water, power and -transportation.
    Minco is planning an aggressive -exploration -program to further delineate mineralization, expand the resource base, upgrade inferred resource -estimates and perform metallurgical testing.
    The present inferred resource of 870,000 ounces of gold will be upgraded to measured and indicated -categories by 10,000 meters of infill drilling. Geotechnical, environmental and mining plant -studies will be -completed prior to a pre-feasibility study. A full -feasibility study is expected to be -completed by the middle or end of 2008.

 
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