Its in Australia mate.
Sydney-based Sino Gold is now developing the 4.0 million ounce Jinfeng gold resource in southern China. The project is on track for initial gold production of 180,000 ounces annually with first commercial gold production in the March 2007 quarter. Sino Gold is determined to increase gold production to optimal levels as quickly as possible.
Operating the Jianchaling gold mine from 1998 to September 2006 provided much of Sino Gold’s “knowledge base” – how to negotiate, acquire, design, construct and operate effectively in China.
Exploration success at the White Mountain project during 2005 culminated in an initial resource of 436,000 ounces. The aim of White Mountain's 2006 drilling program is to infill and increase the resource, define an initial reserve and significantly advance White Mountain towards becoming Sino Gold's next mine.
The Shandong and Sanjianfang projects are early-stage exploration joint ventures.
The Company’s strong financial position will fund the development of Jinfeng to become China’s premier gold mine, while continuing an aggressive exploration and acquisition strategy.
Sino Gold’s Business Development and Project Generation Group is comprised of three regional teams – Golden Triangle, Northern China and Shandong Province. These teams explore our existing tenements and evaluate further acquisitions in each gold belt. This focused approach assists in developing the local knowledge of opportunities and relationships key to successful exploration in China.
