China Gold International Announces Commercial Production on Series I of Jiama Expansion
11 Enero 2018 - 8:30AM
China Gold International Resources Corp. Ltd. (TSX:CGG) (HKEx:2099)
(the “
Company” or “
China Gold
International Resources”) is pleased to announce that the
Company has reached commercial production at Jiama Mine’s Phase II,
Series I expansion (
“Series I”) effective December
31, 2017. As a result, the ore processing capacity at the
Jiama Mine has been increased to 28,000 tonnes per day
(“
tpd”) from the previous capacity of 6,000 tpd.
Construction of the Jiama Mine’s Phase II,
Series II (“Series II“) is now complete and
development and production testing is currently underway. The
Company expects Series II, which will add an additional 22,000 tpd,
to achieve commercial production in mid- 2019.
“Achieving commercial production at Series I is
a major milestone for China Gold and the Jiama team,” stated Mr.
Bing Liu, CEO and Executive Director. "With the hard work,
dedication and commitment of our local team and the strong support
and leadership of management, we are now focused on Series II and
continuing to ramp up the operation."About China Gold
International ResourcesChina Gold International Resources
Corp. Ltd. is based in Vancouver, BC, Canada and operates both
profitable and growing mines, the CSH Gold Mine in Inner Mongolia,
and the Jiama Copper-Gold Polymetallic Mine in Tibet Autonomous
Region of the People’s Republic of China. The Company’s objective
is to continue to build shareholder value by growing production at
its current mining operations, expanding its resource base, and
aggressively acquiring and developing new projects internationally.
The Company is listed on the Toronto Stock Exchange (TSX:CGG) and
the Main Board of The Stock Exchange of Hong Kong Limited
(HKEx:2099).For further information on China Gold International
Resources Corp. Ltd., please refer to its SEDAR profile at
www.sedar.com or contact Tel: 604-609-0598, Email:
info@chinagoldintl.com, Website:
www.chinagoldintl.com.Cautionary Note About Forward-Looking
StatementsCertain information regarding China Gold
International Resources contained herein may constitute
forward-looking statements within the meaning of applicable
securities laws. Forward-looking statements may include estimates,
plans, expectations, opinions, forecasts, projections, guidance or
other statements that are not statements of fact. Although China
Gold International Resources believes that the expectations
reflected in such forward-looking statements are reasonable, it can
give no assurance that such expectations will prove to have been
correct. China Gold International Resources cautions that actual
performance will be affected by a number of factors, most of which
are beyond its control, and that future events and results may vary
substantially from what China Gold International Resources
currently foresees. Factors that could cause actual results to
differ materially from those in forward-looking statements include
market prices, exploitation and exploration results, continued
availability of capital and financing and general economic, market
or business conditions. The forward-looking statements are
expressly qualified in their entirety by this cautionary statement.
The information contained herein is stated as of the current date
and subject to change after that date.
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