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Jinfeng is Sino Gold’s flagship project and is considered to be the largest known Carlin-type deposit in China. Jinfeng is one of the largest gold mines in China with planned initial gold production of approximately 180,000 ounces per annum. Sino Gold is determined to increase gold production to optimal levels as quickly as possible.
Construction started in February 2005 and commercial gold production was achieved in September 2007.
Jinfeng is located in Guizhou Province, 236km southwest of the provincial capital Guiyang. Sino Gold holds 82% equity in the Sino-Foreign joint venture with a Chinese partner.
The area consists of rugged karst topography with a sub-tropical, humid climate. Average annual rainfall of 1,200mm falls primarily during the wet season from May to August each year.
History
- 1986 - Jinfeng deposit discovered
- 1993 to 1997 - Exploration of the area by an Australian mining company
- April 2001 - Jinfeng project acquired by Sino Gold
- April 2004 - Bankable Feasibility Study completed
- July 2004 - Project development approved
- February 2005 – Construction commenced
- March 2007 - Construction completed and first gold poured
- September 2007 - Commercial gold production achieved
Gold Endowment
Drilling at Jinfeng during 2007 resulted in Mineral Resources increasing to 5.3 million ounces and the Ore Reserve increasing to 3.5 million ounces of gold.
Jinfeng is a quality, high-grade orebody which will be producing gold for many years to come.
Sino Gold is actively exploring the "Golden Triangle" region surrounding Jinfeng, with the aim of discovering satellite deposits within trucking distance of the Jinfeng processing plant and further multi-million ounce orebodies.
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