Changkeng Gold Project
Work Program : Completion & submission of the National Exploration Report.
- Updated & expanded NI 43-101 resource estimate: 623,100 oz Au indicated and 386,800 oz Au inferred based on 127 drill holes and 13 surface trenches (Minco Gold's ownership is 51%).
- Located in southern China, 45km from the provincial capital city of Guangzhou.
- Project has access to excellent power and transportation infrastructure.
- Disseminated, sediment hosted gold deposit extending from surface to 250 metres in depth.
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Gobi Gold Project
Work Program : Surface mapping, trenching, and IP for drill target definition.
- Located in Inner Mongolia, approximately 300 kilometres north of Yinchuan, the capital city of the neighbouring Ningxia province.
- The exploration permits cover 30 km2 and surround the active, 2000 tonne per day Zhulazhaga gold mine.
- Targeting Gold-skarn mineralization.
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Yangshan Gold
Work Program : Mapping, sampling, and trenching on top showings.
- Minco Gold’s wholly-owned subsidiary, Minco China, presently holds 12 exploration permits in the Longnan region of south Gansu Province, within the southwest Qinling gold field, in China.
- The Longnan project has been divided into three sub-projects according to their geographic distribution, type and potential of mineralization:
(1) Yangshan: including five exploration permits located in the northeast extension of the Yangshan gold belt and its adjacent area; potential for gold.
(2) Yejiaba: including four exploration permits adjacent to Guojiagou exploration permit; potential for gold and antimony.
(3) Xicheng East: including three exploration permits to the east extension of the famous Xicheng Pb-Zn mineralization belt; potential for gold, silver, lead and zinc.
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Xiaoshan Gold Project
- Xiaoshan is located on a structural zone parallel to Silvercorp's Ying Silver Project located 30 kilometres to the south. The Xiaoshan and Ying projects demonstrate very similar geological settings, structures, and mineralization styles.
- The project consists of two exploration permits, the 17.1 square kilometre (km2) Huluyu permit and the 12 km2 Dafangshan permit, for a total land package of 29.1 km2.
- Within the Huluyu permit, thirteen gold and silver veins have been mapped at surface. Sampling by the Henan Nonferrous Exploration and Mining Company from underground workings at Huluyu have returned values ranging from 3.0 g/t to 74.6 g/t gold, 121 g/t to 726 g/t silver, 3% to 29% lead, and 1% to 23% zinc.
- Within the Dafangshan permit, 7 gold veins have been mapped at surface that vary in length from 212 m to 772 m with average widths from 0.42 m to 0.65 m and average gold grades from 3.00 g/t to 5.77 g/t.
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Gold Bull Mountain Project ("GBM")
- The 100% owned GBM (Jinniushan) gold project is located in the western part of Hunan Province in the People's Republic of China and consists of a mining permit (0.178 km2) and a contiguous exploration permit (16.78 km2) along strike.
- Gold-quartz mineralization at GBM occurs primarily within reverse-brittle-ductile-shear veins in a compressive environment with Proterozoic sedimentary rock.
- Four parallel quartz-vein style gold zones have been recognized with a strong continuity along strike and dip directions.
- Construction of some basic mining facilities has been completed including explosive storage, road construction to the GBM mine, a mine-site assay laboratory, and restoring power and water supply.
- The location is well situated along a large man-made hydroelectric reservoir and is accessible by road and by lake-boat. Hydroelectric power, telephone lines, cell-phone service, labor, goods and services are available nearby.
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MINCO BASE METALS
White Silver Mountain Spin-Off
Work Program : reorganization and spin-off of White Silver Mountain to Minco Base Metals Corporation ("Minco Base Metals") with the intention to build a strong base metals company in China. The initial ownership of Minco Base Metals will mirror the shareholder base of the Company, on a pro-rata basis.
- The project is located in the Baiyin district, which hosts a number of past and presently producing base metal mines which were developed by Baiyin Nonferrous Metals Company (BNMC).
- Minco has earned a 61% interest in Gansu Keyin Mining, a joint venture between Minco and BNMC.
- Exploration is focused on testing for massive sulphide lenses that extend beneath the BNMC operated Xiaotieshan mine.
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