Sino Gold (fka SIOGF)

[klemons]

WHITE MOUNTAIN ORE RESERVE INCREASED BY 81%
http://www.sinogold.com.au/newsite/Docs/PDF/White%20Mountain%20Reserves%20Feb08%20FINAL.pdf

Highlights
* The White Mountain Ore Reserve estimate has increased 81% to 6.5 million tonnes at 3.8 g/t gold, containing 0.8 million ounces.
* Approximately 73% of Measured and Indicated Resources convert to Ore Reserves.
* The White Mountain Measured and Indicated Resource estimate has increased 92% to 10.7 million tonnes at 3.1 g/t gold, containing 1.1 million ounces.
* Deposit remains open along strike to the northeast and at depth with drilling to continue in 2008.
* Ground position has been expanded to cover 128km2.
* White Mountain now has a mine life of at least 10 years based on the updated reserve estimate.

Sino Gold Chief Executive Officer, Jake Klein, commented:
“Development of White Mountain Gold Mine remains on-schedule and on-budget to commence commissioning of the processing plant in late 2008. “This increase of the resource to over one million ounces and doubling of reserves provides White Mountain with a mine life of at least ten years. Drilling in 2008 is planned to test the regional potential as well as continue to further extend mineralisation to the northeast and at depth.
“White Mountain has been advanced very quickly towards becoming Sino Gold’s second mine and is shaping up as a robust, simple underground mining operation. Relatively low capital and operating costs in China should enhance the economic returns for this mine.”