China Gold Mining, Gold Exploration Company, Investing in China, Gold Mining Underground, China Gold Resource, Gold Mining in China, Australia

China Goldmines plc is a gold resource company focussed on the discovery and development of gold projects in the Hunan Province. China is now the world’s largest gold producing nation.

China Goldmines’ Shenjiaya and Xiaotaoyuan Prospects sit in an important mineralised and base metal region in the western part of the province. It has been independently estimated that a JORC code compliant inferred resource estimated a gold resource of 1.83m oz is contained in the Shenjiaya Prospect.

The eight gold mines within the prospect are expected to extract 150,000oz of gold annually over the long term.

In early 2008, China Goldmines poured its first gold to mark the opening of its new production plant at its Shenjiaya Prospect and the culmination of two years hard work since the Company listed on AIM on February 7, 2006.

A workforce of about 500 is now benefiting from improved training and health and safety programs to operate the increasingly modernised mines and production plants.