RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:CGG/Technical Events 14 bullishclosest target $16.00 $19.00
China National Gold is looking at projects and mines in the regions surrounding China, as well as in some parts of Africa, Canada, the United States and Mexico. Cui Hongbin, head of exploration team, expects total reserves may even exceed 200 tonnes.
Massive Gold Deposit Found In Xinjiang Province China
Selected 2014 Operational Achievements
-- Phase II expansion at the Jiama Mine is progressing as planned. The first stage of Phase II expansion facilities construction, including ore storage silo, crusher, mills floatation circuits, thickeners, and power and water supply systems was completed in the second quarter of 2014. This increased the mill processing capacity from 6,000 tpd to 28,000 tpd. The pre-striping for open pits and ore transportation system for the first stage of the Phase II production facility will be completed in the second half of 2014. The new production facility is currently under testing. The output of copper concentrate from the first stage of the production facility is expected during the second half of 2014. -- The Company continues its company-wide cost reduction strategy which has resulted in significant decreases in total and cash operating costs for both mines.
Serbia Drilling Program Update
Mundoro recently began drilling on its Tilva Rosh prospect in Serbia on June 28, 2014. The Tilva Rosh prospect was outlined by a gold-in-soil anomaly of 600m by 150m which was confirmed with follow up trenching in Q4-2013 and Q2-2014.
The Company is drill testing depth extension of the outcropping epithermal gold mineralization with six diamond drill holes each with a depth of approximately 150m (see Figure 1 -
Tilva Rosh Drill Plan and Progress). The Company has completed the first three holes concentrating on the area of the previously reported trenching results, which returned 12m of 30.39 g/tonne gold and 171.27 g/tonne silver/
Aug 14 (Reuters) - Bosera Funds has raised $50 million for China's fourth gold backed exchange-traded fund that it aims to launch soon, at a time when investment demand for the precious metal has been sluggish in the world's biggest bullion consumer.
The fund, called Bo Gold ETF, raised 292.2 million yuan
MundoroMerger = CGG SP $40.00 RE:CGG/Technical Events 14 bullishclosest target $16.00 $19.00.