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Shanxi Zijin

Ownership:

Location

Shahe Town, Fanshi County, Shanxi Province

Ownership

100%

Project status

In   operation + under expansion

Deposit Type

Porphyry   hosted hydrothermal

RESERVES & RESOURCES

Contained   gold of 60t with grade of 2.28 g/t

MINING & PROCESSING   METHODS

Underground   mining + gravity separation + flotation

2020 PRODUCTION

1.455   tonnes of mined gold


Shanxi Zijin was included in the “National Green Mines” list by the Ministry of Natural Resources of China in 2020. In June 2020, the company’s resource reserve verification of the newly discovered Bay Porphyry Gold Deposit was completed, adding 54.72 tonnes of gold @2.12 g/t, as well as associated silver, copper, lead and zinc reserves. It is a historic breakthrough in gold prospecting in North China. In 2021, it was awarded the “Top Ten Prospecting Achievements of China in 2020” by the Geological Society of China and “Outstanding Achievements in China’s Ten-Year Exploration Program” by the Ministry of Natural Resources of China in 2021. With the added reserve, Shanxi Zijin now has about 60 tonnes of gold metal resources.

Shanxi Zijin’s current processing capacity is 200,000 t/year. The new 6,000 t/d intelligent mining project is expected to be put into operation in 2022, which will add 3-4 tonnes of mined gold per year after reaching its full capacity.


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