China Gold International Announces Commercial Production on Series I of Jiama Expansion
VANCOUVER, January 11, 2018 - China Gold International Resources Corp. Ltd. (TSX: CGG; HKEx: 2099) (the “Company” or “China Gold International Resources”) is pleased to announce that the Company has reached commercial production at Jiama Mine’s Phase II, Series I expansion (“Series I”) effective December 31, 2017. As a result, the ore processing capacity at the Jiama Mine has been increased to 28,000 tonnes per day (“tpd”) from the previous capacity of 6,000 tpd.
Construction of the Jiama Mine’s Phase II, Series II (“Series II“) is now complete and development and production testing is currently underway. The Company expects Series II, which will add an additional 22,000 tpd, to achieve commercial production in mid- 2019.
“Achieving commercial production at Series I is a major milestone for China Gold and the Jiama team” stated Mr. Bing Liu, CEO and Executive Director, "With the hard work, dedication and commitment of our local team and the strong support and leadership of management, we are now focused on Series II and continuing to ramp up the operation."