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CNMC Goldmine Holdings Ltd.

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Summary

Project:

Sokor

Deposit:Sokor
Location:Malaysia
Commodities:Gold
Date:4/4/2017
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:4-4-2017: CNMC Goldmine Holdings Ltd. announces a Resource Estimation report for its Sokor deposit at the Sokor project. Updated mineral resources and ore reserves for project. The Sokor Project (the Project), located in Kelantan State in northern Peninsu
Resources:(Reserve, P+P): 4.015Mt @ 1.6g/t Au for 205Koz Au contained at project
CP/QP:[Resources]: Ian Glacken, Christine Standing (Optiro Pty Ltd.)
ABSTRACT:The Sokor Project (the Project), located in Kelantan State in northern Peninsular Malaysia, is currently owned 81% by CNMC Goldmine Holdings Limited (CNMC) through its subsidiary CMNM Mining Group Sdn. Bhd. (CMNM). CMNM holds the rights to mine and produce gold, silver and base metals from an area of approximately 10 km2 in the Ulu Sokor area in Kelantan. CNMC has defined four deposits in the southern part of the project area (Manson’s Lode, New Discovery, New Found and Ketubong) and a fifth deposit (Rixen), approximately 3 km to the north of Ketubong. Base metal and silver mineralisation is also present at Manson’s Lode and at Sg Among, to the east of Rixen. Optiro Pty Ltd (Optiro) undertook site visits to the Sokor Project during December 2011 and June 2015 to review data for the Mineral Resource estimate and during October 2012 and June 2015 to review the mining operations for the Ore Reserve estimate. Optiro did not visit the Sokor Project during 2016. A site visit was not considered necessary as no major changes have occurred since Optiro’s site visit during June 2015. CNMC provided Optiro with the drillhole logging, assay and survey data for the drilling undertaken during 2016 and updated topographical data and production data for mining undertaken during 2016. The Mineral Resource and Ore Reserve estimates for the Sokor Project have been prepared and classified in accordance with the guidelines of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia, December 2012 (the JORC Code 2012).

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