China Gold International Announces Commercial Production on Series I of Jiama Expansion
VANCOUVER, British Columbia, Jan. 11, 2018 (GLOBE NEWSWIRE) -- China Gold International Resources Corp. Ltd. (TSX:CGG) (HKEx:2099) (the “Company” or “China Gold International Resources”) is pleased to announce that the Company has reached commercial production at Jiama Mine’s Phase II, Series I expansion (“Series I”) effective December 31, 2017. As a result, the ore processing capacity at the Jiama Mine has been increased to 28,000 tonnes per day (“tpd”) from the previous capacity of 6,000 tpd.
Construction of the Jiama Mine’s Phase II, Series II (“Series II“) is now complete and development and production testing is currently underway. The Company expects Series II, which will add an additional 22,000 tpd, to achieve commercial production in mid- 2019.
“Achieving commercial production at Series I is a major milestone for China Gold and the Jiama team,” stated Mr. Bing Liu, CEO and Executive Director. "With the hard work, dedication and commitment of our local team and the strong support and leadership of management, we are now focused on Series II and continuing to ramp up the operation."
About China Gold International Resources
China Gold International Resources Corp. Ltd. is based in Vancouver, BC, Canada and operates both profitable and growing mines, the CSH Gold Mine in Inner Mongolia, and the Jiama Copper-Gold Polymetallic Mine in Tibet Autonomous Region of the People’s Republic of China. The Company’s objective is to continue to build shareholder value by growing production at its current mining operations, expanding its resource base, and aggressively acquiring and developing new projects internationally. The Company is listed on the Toronto Stock Exchange (TSX:CGG) and the Main Board of The Stock Exchange of Hong Kong Limited (HKEx:2099).