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Shandong Province is China’s largest gold producing province and hosts several 2 to 3 million ounce lode-style gold deposits.
Sino Gold has been active in establishing strategic alliances with major tenement holders in Shandong Province.
At the beginning of 2004, a joint venture was formed with the Shandong Provincial Bureau of Geo-Mineral Exploration & Development, one of the largest tenement holders in the region. This joint venture was expanded in June 2007 by the inclusion of three strategic Exploration Licences along the southern portion of the highly prospective Jiaojia Fault.
In September 2006, Gold entered into a new joint venture with Zhaoyuan Hexi Gold Limited (Hexi Gold). The joint-venture tenements cover portions of regional, deep-seated faults (including the Jiaojia Fault) along strike from a number of significant gold mines in Shandong Province. Gold mineralisation has been identified on two tenement areas as a result of drilling and small-scale mining operations. Hexi Gold is a local successful Chinese gold mining company that also has substantial food processing and forestry activities.
Sino Gold is actively exploring these tenements and evaluating new opportunities in Shandong Province on an on-going basis.
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