Underground operation in sight

摘要

Sydney-based Sino Gold Ltd continues to the Australian resources sector's trail blazer in China. The company's board is set to review the bankable feasibility study for its 82 percent-owned Jinfeng project in the country's Guizhou province and is confident it will improve upon the current JORC code compliant 2.6 million resource ounces it currently has sitting in the deposit. Regarded as one of the largest undeveloped gold plays in China, Jinfeng is expected to cost 60 million US dollars to get into production with a further amount of capital (around 20-25 million US dollars) to complete the development of an underground mine. Sino Gold's chief executive Jake Klein said more than 27,000 metres of drilling had been completed at Jinfeng, with the new resource estimate utilising 10,000m of drilling which has been completed since last August.