Construction and Mine Permitting Scheduled for Planned 2006 Start-up of Commercial Gold Mining Operations at Jinshan's CSH 217 Project, China; Jinshan Hires Investor Relations Personnel.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Jinshan Gold Mines Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:JIN) is pleased to report that the CSH csh - C shell 217 Gold Development Project is scheduled for planned commercial production starting later this year. The company has completed, or is in the process of completing, all necessary regulatory studies required to receive final State and Provincial government approval to commence commercial mining activities. Final applications that include a Chinese engineering and Chinese resource study have been filed with the Ministry of Land and Resources (MLR MLR mixed lymphocyte reaction. MLR Myocardial laser revascularization, see there ), in Beijing, for the approval of a Mining License. In addition, final applications for Project Registration are being filed with the provincial government of Inner Mongolia Autonomous Region. The Chinese Regulatory Environmental Impact Assessment (EIA (Electronic Industries Alliance, Arlington, VA, www.eia.org) A membership organization founded in 1924 as the Radio Manufacturing Association. It sets standards for consumer products and electronic components. ) has been completed by Earth Resource Management (ERM (Enterprise Relationship Management) An umbrella term with many shades of meaning over the years. It may refer to the management of information from any or all of an organization's customers, suppliers, business partners and employees. ), of Shanghai, China, in partnership with the Inner Mongolia Environmental Science Academy (IMESA IMESA Institution of Municipal Engineering of South Africa ). The EIA will be reviewed by an expert panel with the Environmental Protection Bureau (EPB EPB Export Promotion Bureau EPB Electric Power Board (Chattanooga, TN) EPB earth pressure balance (tunnel boring machines) EPB Electronic Parking Brake (automotive) ) of Inner Mongolia, prior to final approval. Jinshan expects government issuance of a mining permit in the second quarter of 2006, which will authorize commercial gold mining operations. Assuming the mining permit is received as scheduled, Jinshan plans to begin commercial gold production in the fourth quarter of 2006. Four key mine construction and excavation contracts that are already underway include: 1. Construction of a crushing plant to crush over-liner material for the heap leach pads; 2. Excavation and pouring of concrete foundations for the process plant (approximately 70% complete); 3. Excavation of the pregnant solution pond and the overflow pond for the heap leach processing (approximately 30% complete); and, 4. Construction of the modular process plant by Summit Valley Engineering of Utah, USA, (scheduled for shipment to China in May, 2006). Jinshan plans to complete its final feasibility study, under the direction of KD Engineering of Tucson, Arizona, USA, in March, 2006. The study will incorporate the positive results from the 2005 drilling campaign (see Jinshan's January 19, 2006, news release). The company expects that this feasibility study will support project debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay of the project to a commercial mining stage. Construction of the water supply and the 35 KV power line will commence in early spring. In the fall of 2005, the government initiated major improvements to the road accessing the project site, and these improvements are planned to continue through the first months of 2006. It is expected that this access road will be paved by mid-year. Jinshan Hires Investor Relations Investor relations The process by which the corporation communicates with its investors. Personnel The company is also pleased to announce that Deanna Kress has joined the company in the role of Investor Relations. Ms. Kress brings several years of corporate communications and investor relations experience in the mining and transportation industry to the company. Ms. Kress has been granted 40,000 stock options under the company's stock options plan. The options are exercisable at C$0.63, will vest in stages over a three-year period and will expire on January 13, 2009. About Jinshan Jinshan is a Canadian mining company focused on the exploration and development of gold projects in Asia. The company is advancing one of the largest gold development projects in China - the CSH 217 Gold Project - and conducting exploration work on other prospective properties in China. Qualified Person Jim Lincoln, Jinshan's Vice-President, Corporate Development, and a qualified person as defined by NI 43-101, verified and supervised the preparation of the technical information in this release. Please see the report for a summary of the material results of surveys and investigations regarding the property, a summary of the interpretation of the exploration to date and a description of the QA/QC QA/QC Quality Assurance/Quality Control measures applied to exploration work at the CSH 217 Gold Project. Forward-Looking Statements: Statements in this release that are forward-looking statements, including the ongoing development, engineering and permitting work, and expected future production at the CSH 217 Gold Project are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The company does not assume the obligation to update any forward-looking statement. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Jinshan Gold Mines Inc. (TSX VENTURE:JIN) |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion