An anonymous director reports
CHINA GOLD INTERNATIONAL RESOURCES ANNOUNCES THE GRADUAL RESUMPTION OF ITS JIAMA COPPER-GOLD POLYMETALLIC MINE
The gradual resumption of certain operations at China Gold International Resources Corp. Ltd.'s Jiama copper-gold
polymetallic
mine began on Dec. 15, 2023, following the receipt of approval from the
Lhasa municipal government, in line with previous announcements
in relation to the overflow at the Guolanggou
tailings
dam at the Jiama
mine.
The resumption of operations includes the underground void management and the restart of the
phase
1 processing plant
of the Jiama mine with a daily processing capacity of 6,000 tonnes. The tailings produced from processing operations will all be backfilled to the underground voids through the backfilling system.
The company has carried out a plan for the full resumption of operations, and the restart of the phase
1 processing plant is the first step in the overall plan. The repair and reinforcement work at the Guolanggou tailings dam has been fully completed, and the safety assessment report has been
completed, awaiting acceptance and approval by the government.
The review process of the subsequent tailings discharge plan is occurring simultaneously.
The company will continue to proceed toward the resumption of full production on its design capacity at the Jiama mine.
About China Gold International Resources Corp. Ltd.
China Gold International is a gold and base metal mining company incorporated in British Columbia, Canada, and operates two mines: the CSH gold mine in Inner Mongolia, China, and the Jiama copper-gold polymetallic mine in Tibet, China. The company's objective is to build shareholder value through increasing production at its current mining operations, expanding its resource base, and acquiring and developing new projects internationally. The company is listed on the Toronto Stock Exchange (CGG) and the main board of the Stock Exchange of Hong Kong Ltd. (HKEx: 2099).
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