Sino looking good in to the Future.
SINO GOLD MARCH 2008 QUARTERLY REPORT
KEY POINTS
* New estimates increase Sino Gold's total controlled Mineral Resources to 8.2 million ounces and Ore Reserves to 4.8 million ounces (100% of each project), excluding any contribution from Eastern Dragon.
* Mineral Resources increased by 3.3 million ounces and Ore Reserves by 1.5 million ounces during 2007.
Jinfeng
* Gold production totaled 30,976 ounces for the quarter at a cash cost of US$429/ounce.
* Guidance for Jinfengs 2008 production to a range of 150,000 to 160,000 ounces at an average cash cost of approximately US$370/ounce.
* Underground development remains on-track to contribute to ore production from late 2008.
* Increased Jinfeng Mineral Resources total 5.3 million ounces and Ore Reserves total 3.5 million ounces.
* Jinfeng ore body remains open at depth down-plunge.
White Mountain
* White Mountain project currently on budget and progressing very well towards commissioning in the second half of 2008.
* Updated Ore Reserve estimate provides White Mountain with a mine life of at least 10 years.
Beyinhar
* Initial Beyinhar Ore Reserve of 21.4 million tonnes at 0.72g/t gold, containing 0.5 million ounces.
* Field work re-commenced and various studies and permits progressed towards enabling a development decision in late 2008.
Eastern Dragon
* Exploration Licence for Lode 5 issued and drilling scheduled to commence in June quarter.
Exploration
* Drilling to follow-up the initial mineralised hole at the Yandan prospect in Guangxi Province intercepted 59m at 1.2g/t gold including 6m at 2.7g/t gold.
Corporate
* Sino Gold acquired an effective 72% interest in the Eastern Dragon Lode 5 gold-silver deposit.
* Net available cash of US$84 million at 31 March 2008
The complete Quarterly Report and presentation can be downloaded from www.sinogold.com.au
