New Independent Estimate Doubles Measured and Indicated Resources to 2.2 Million Ounces of Gold and Increases Inferred Resources to 1.0 Million Ounces
VANCOUVER, CANADA - Jinshan Gold Mines is pleased to announce that is has filed an updated independent preliminary assessment and technical report ("Technical Report") in compliance with National Instrument 43-101 in connection with its new resource estimate on the Chang Shan Hao 217 ("CSH 217") Gold Project in Inner Mongolia, China. The updated Technical Report addresses the requested clarification of, and justification for, certain assumptions made in the company's technical report dated February 18, 2004 that formed the basis for an earlier resource estimate in respect of the CSH 217 Gold Project (see the company's January 14, 2005 news release). It also addresses all of the issues raised by the British Columbia Securities Commission in pre-filing discussions with respect to this updated Technical Report.
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"We will continue to put more efforts on production and operation, focus on resource exploration and environmental protection and fully promote the sustainable development of the company".Junhu Tong-Chairman of the Board, Chief Executive Officer and Executive Director
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