zijin buying a mine, page-3

China's TOP GOLD PRODUCER paid $US66M for a 60% share of 2,070,000 ounces of gold resource at 7.2g/t.

That is $US53/oz IGV.

NOTE THE MINING LICENCE WAS ISSUED ON 4 APRIL 2011!!!!!!

THIS IS A HUGE VOTE OF CONFIDENCE IN KYRGYSTAN.

Quote from the company news release:

On 4 April 2011, the Natural Resources Department of Kyrgyzstan granted a new mining license agreement in relation to Taldy-Bulak Levoberejny field to Altynken
with the expiry date on 5 January 2026.

Gold ore was firstly found in Taldy-Bulak Levoberejny field in 1963, most of the exploration works had been completed in the period from 1963 to 1997 and an economic and technical report had been compiled based on the former USSR
standards. According to the newly granted license agreement, as the national resources table of Kyrgyz Republic stated that Taldy-Bulak Levoberejny field
contains (C1+C2) grades: 8,906,100 tonnes gold ore，the average grade is 7.23g/t, and gold metal is 64,420.5kg, among which, C1 grade (initial mining reserve) 4,949,754
tonnes gold ore，the average grade is 7.02g/t, and gold metal volume is 34,754.6kg.