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China Hanking Holdings Ltd.
Summary
| Project: | Southern Cross | |
|---|---|---|
| Deposit: | Southern Cross | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/25/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 25-7-2016: China Hanking Holdings Ltd. announces a Resource Estimation report for its Southern Cross deposit at the Southern Cross project. Resources increased by 51%, reserves by 48% at Southern Cross project. This announcement is made by China Hanking H | |
| Resources: | (Resource, Total): 35.417Mt @ 4.1g/t Au for 4.630Moz Au contained at Southern Cross | |
| CP/QP: | [Resources]: (refer to report) (SRK Consulting;CSA Global Pty Ltd.;Cube Consulting Pty Ltd.) | |
| ABSTRACT: | This announcement is made by China Hanking Holdings Limited (the “Company”, together with its subsidiaries, the “Group”) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”) and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong). The board (the “Board”) of directors (the “Directors”) of the Company is pleased to announce that Hanking Gold Mining Pty Ltd (“Hanking Gold”), a subsidiary of the Company, has increased its JORC Code resource by approximately 50.96% and JORC Code 20121 reserve by approximately 48.09%. The major increases in resource and reserve were achieved by Hanking Gold, together with its contractors and independent consultants, through successful exploration programs, interpretation of the new and existing geological data, and feasibility studies at the Yilgarn Star, Copperhead, Cornishman and Edward’s Find North gold projects over the last six months. The total JORC Code resource of Hanking Gold has been increased to approximately 35.42 million tons at 4.1 g/t for 4.63 million ounces of gold and reserve increased to approximately 9.56 million tons at 3.3 g/t for 1.01 million ounces (production depleted to 30 June 2016) in accordance with JORC Code 2012. | |
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