NR Impressive results
posted on
Sep 10, 2009 10:32PM
Gold production and acquisitions in China.
very impressive results...that explains the SP increases over the last several months
VANCOUVER, CANADA – Jinshan Gold Mines Inc. (TSX: JIN) is pleased to provide an update on operations at its CSH Gold Mine in Inner Mongolia, China.
For the month of August 2009, Jinshan poured 8,525 ounces of gold, which is a record high since Jinshan started production in July 2007 and is within 5% of design expectations of 9,000 ounces per month. Gold production has been steadily increasing this year from approximately 6,900 ounces in April due to better control on mining to improve the ore grade and ore size placed on the leach pad, as well as increasing the area under leach and leach solution pumping capacity. Jinshan has also completed installation of the crusher facility on site and has been operating the crusher on a testing and start-up basis since mid-August, 2009. Currently, approximately 5,000 tonnes of ore per day is being crushed to 80% passing 9 millimetres and throughput is gradually ramping up as testing and adjustment of the various circuits is completed. Jinshan expects the crushing plant throughput to reach design capacity of 30,000 tonnes per day early in the fourth quarter. This is expected to result in a substantive increase in gold production from current levels. A total of approximately 43,200 ounces of gold were produced in the first eight months of 2009, compared to approximately 35,500 ounces for the same period in 2008.