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gold has increased by 34%
posted on
Dec 01, 2008 12:01PM
Monday, December 01, 2008
Jinshan Increases Dadiangou Gold Resource by 34%; Upgrades Over Half of Deposit to Indicated Status
VANCOUVER, CANADA - Jinshan Gold Mines Inc. (TSX: JIN) is pleased to announce an updated resource estimate for its Dadiangou gold project in Gansu Province, China. The total resource tonnage has increased by 39% and the total contained gold has increased by 34% over the previous resource estimate announced January 31, 2008. The Dadiangou Project now hosts Indicated Resources of 20.0 million tonnes at 0.87 g/t gold for 545,000 ounces of contained gold and Inferred Resources of 16.6 million tonnes at 0.96 g/t gold for 498,000 ounces of contained gold, both at 0.4 grams per tonne (g/t) cut-off grade. Within the overall resource, a higher-grade core zone (consisting of both inferred and indicated resources) has been defined which contains approximately 60% of the total gold resources within 25% of the total tonnage and grades 2.05 to 2.07 g/t gold.