Jinshan Acquires Four Gold Exploration Permits in the Tianshan Belt, Northwest China.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) announced today that it has acquired four exploration permits totaling 153.34 square kilometres in the Eastern Xinjiang Uygur Xin·jiang Uy·gur also Sin·kiang Ui·ghur or Sin·kiang Ui·gur An autonomous region of extreme western China. It came under Chinese control in the 16th century and was the site of a conflict between China and the Soviet Union in 1969. Autonomous Region (Xinjiang) of Northwest China. The permits are held under a Chinese-Foreign Joint Venture in which Jinshan holds a 99% share and the partner, Yunnan Geological and Mining Co. Ltd., holds a 1% share. The permits were granted by the state Ministry of Lands and Resources in Beijing. The exploration permits are located on favorable geologic structures within the prolific Tianshan Mineral Belt, which extends through Central Asia from Uzbekistan to Inner Mongolia Inner Mongolia Chinese Nei Mongol or Nei-meng-ku Autonomous region (pop., 2002 est.: 23,790,000), China. Stretching some 1,800 mi (2,900 km) across north-northeastern China, it has an area of 454,600 sq mi (1,177,500 sq km); its capital is Hohhot. and Mongolia, and hosts many world-class gold and copper-gold deposits including Muruntau and Kumptor. The Oyu Tolgoi copper gold deposit in Mongolia occurs in the eastern extension of the Tianshan belt known as the Mongolia-NE China porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. copper belt. The four permits are located within an area of Eastern Xinjiang and support Jinshan's long-term exploration strategy to acquire exploration ground in the highly prospective and under-explored Tianshan belt. The four exploration permits prospected by Jinshan's exploration teams all contain gold and/or gold-copper anomalies in surface outcrops. Most of these areas appear to have little, or no, previous systematic exploration work. The four exploration permits are listed below (see the location and geology map on Jinshan's website at www.jinshanmines.com for the location of the permits). 1. Kongqueshan Permit (38.90 square kilometres): This permit area occurs within a highly faulted and fractured igneous ig·ne·ous adj. 1. Of, relating to, or characteristic of fire. 2. Geology a. Formed by solidification from a molten state. Used of rocks. b. Of or relating to rock so formed; pyrogenic. terrain composed of intermediate volcanic units intruded by felsic fel·sic adj. Containing a group of light-colored silicate minerals that occur in igneous rocks. [fel(dspar) + s(ilica) + -ic. dykes and quartz vein systems. Mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. occurs within a three kilometre diameter area of quartz-chlorite-epidote-carbonate alteration. Pyrite pyrite (pī`rīt) or iron pyrites (pīrī`tēz, pə–, pī`rīts), pale brass-yellow mineral, the bisulfide of iron, FeS2. , limonite limonite (līm`ənīt) or brown hematite (hĕm`ətīt, hē`–), yellowish to dark brown mineral, a hydrated oxide of iron, FeO(OH)·nH2 , malachite malachite (măl`əkīt), a mineral, the green basic carbonate of copper occurring in crystals of the monoclinic system or (more usually) in masses. It is translucent or opaque; the luster is silky, vitreous, adamantine, or dull. and elevated indicator elements are associated with gold occurrences, which range up to 1.27 grams per tonne (g/t) gold and 0.5% copper from surface rock-chip and grab samples. 2. Aketage Xi-nan Permit (17.24 square kilometres): This permit area hosts structurally controlled gold mineralization associated with felsic dykes and altered porphyritic granite, which occur within a regional intermediate volcanic and volcanoclastic terrain associated with a major tectonic structure. Argillic and chlorite-epidote alteration are associated with complex faulting. There are numerous gold and copper stream sediment anomalies and gold occurs in outcrop up to 0.85 g/t based on surface rock-chip sampling. 3. Kumutage Dong Permit (43.38 square kilometres): Mineralization in this permit area is associated with quartz vein systems, silicification si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. and magnetite-hematite replacement zones hosted in clastic clastic /clas·tic/ (klas´tik) 1. undergoing or causing division. 2. separable into parts. clas·tic adj. 1. volcanics and breccias. The area is part of an easterly trending structural zone with alteration associated with major fold axes and felsic dykes. Previously discovered, high-grade gold occurrences located immediately west of the permit boundary range up to 38 g/t gold and 1% copper and occur along a major anticlinal axis, which trends into the western portion of the permit area. 4. Dananhu Nan Permit (53.82 square kilometres): Porphyry gold and copper mineralization occur in a quartz monzonite host rock, which is locally brecciated brec·ci·ate tr.v. brec·ci·at·ed, brec·ci·at·ing, brec·ci·ates To form (rock) into breccia. brec and intruded with quartz stockwork veinlets. Quartz-epidote-pyrite-clay alteration is associated with the stockwork zones and associated gold values from grab samples occur up to 1.04 g/t gold with elevated copper. Jinshan plans to complete further exploration surveys, including geological mapping, geochemical sampling, and geophysical surveys in the first half of 2006, with the intent of defining targets for drill testing in the second half of 2006. A major transportation and infrastructure corridor, including a national highway, a railway, an electrical power transmission line, gas pipelines, and high-speed telecommunication links, extends east-west through the region. There are paved roads branching from this main corridor linking many smaller cities both north and south of the Tianshan Mountains and south of the Gobi Plateau. The Xinjiang Bureau of Geology and Mineral Resources and associated groups previously conducted regional mapping and geophysical surveys in the region. Various Chinese groups explored for gold, copper, nickel and other minerals from the 1960s through the 1990s. These surveys resulted in discoveries of various gold and copper-gold occurrences in Eastern Xinjiang. The four exploration permits contain surface gold occurrences identified by Jinshan's exploration teams coincident with known favorable structures and alteration zones. Jinshan developed targeting criteria for the area using public and private databases, regional geophysics, satellite imagery, locations of known occurrences and mines, and reconnaissance exploration programs conducted in the latter half of 2004 and first half of 2005. Jinshan has developed a China-wide G.I.S. database for exploration targeting and property evaluation in the numerous gold belts throughout China. Map of China showing location of permits To view the attached map, please click on the following link: http://www.ccnmatthews.com/docs/jin0221.jpg Corporate Development Jinshan has accepted the resignation of Jim Lincoln as Vice President, Corporate Development. Jim made a valuable contribution to the company during the past year and we wish him well in his future endeavors. 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 csh - C shell 217 Gold Project - and conducting exploration work on other prospective properties in China. Forward-Looking Statements: Statements in this release that are forward-looking statements, including the ongoing development, engineering and permitting work, and expected future exploration at the four permits 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) |
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