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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (36875)	1/19/2006 9:51:45 AM
From: Condor	Respond to of 39344

Jinshan drills 1.22 g/t Au over 110.6 m at CSH 217 Message 22069774 2006-01-19 09:38 ET - News Release Ms. Deanna Kress reports JINSHAN GOLD MINES INC.(JIN.v): DRILL RESULTS FURTHER EXPAND AND DELINEATE THE BULK TONNAGE CHANG SHAN HAO 'CSH 217' GOLD DEVELOPMENT PROJECT IN INNER MONGOLIA, CHINA Jinshan Gold Mines Inc. is providing positive results from its 2005 drilling campaign at the Chang Shan Hao (CSH 217) gold development project in Inner Mongolia, China, including one hole that intersected a true thickness of 110.6 metres grading 1.22 grams per tonne (g/t) gold (Au). The results further confirm the continuity of the project's northeast (NE) and southwest (SW) zones. It is encouraging that many of the new drill holes encountered significant intercepts of gold mineralization with grades that are higher than the average grade of the deposit's measured and indicated resources, which total 83 million tonnes grading 0.82 g/t Au (see Stockwatch news dated March 7, 2005, for details of the most recent independent resource estimate). The 20-hole program comprised a total of 4,630 metres of diamond core drilling, bringing the total drilling on site to 25,078 metres. The new drill holes will be incorporated into an updated resource estimate planned for completion in the first quarter of 2006. In addition, a western extension to SW zone mineralization also has been indicated by three step-out holes, expanding the open-ended zone to the west beyond previously determined boundaries. Both the NE and SW zones remain open at depth and there is no indication that the gold grade decreases with depth. Highlights of the 2005 drilling campaign include: Northeast zone Diamond drill hole (DDH) 106 encountered 134.9 metres of 1.22 g/t, representing a true thickness of 110.6 metres. DDH103 encountered grades of 0.88 g/t and 1.18 g/t over true thicknesses of 57.8 metres and 19.7 metres, respectively. DDH102 encountered grades of 1.12 g/t and 0.73 g/t over true thicknesses of 28.7 metres and 47.5 metres, respectively. DDH107 encountered grades of 0.90 g/t and 0.88 g/t over true thicknesses of 16.5 metres and 72.4 metres, respectively. DDH110 encountered grades of 1.08 g/t and 1.09 g/t over true thicknesses of 10.4 metres and 66.9 metres, respectively. Southwest zone DDH119 encountered two mineralized intercepts with true thickness of 42.6 metres grading 0.68 g/t and 34.9 metres grading 1.13 g/t. DDH117 encountered grades of 1.33 g/t and 0.82 g/t over true thicknesses of 10.5 metres and 43.7 metres, respectively. Final feasibility study and development Jinshan expects to complete the project's final feasibility study in the first quarter of 2006. The company is currently filing final documentation for mining permit approvals with the Ministry of Land and Resources in Beijing, and advancing engineering studies and preconstruction work at the site toward planned start of commercial gold production near the end of 2006. Assuming successful start-up of commercial operations, Jinshan's technical report entitled "Chang Shan Hao (CSH) Gold Project, Inner Mongolia PRC," dated Oct. 19, 2005, suggests Jinshan would be capable of producing approximately 120,000 ounces of gold a year for the first 7.5 years at a cash cost of approximately $232 (U.S.) an ounce. The 2005 drilling campaign included nine diamond drill holes (DDH102 to DDH110) spaced at 25 metres to infill drill the initial open-pit area in the NE zone; and nine diamond drill holes (DDH113 to DDH120, DDH122) spaced at 50 metres to infill and step-out drill the SW zone and western extension to the SW zone. The 2005 drilling campaign also included two holes (DDH111, DDH112) spaced at 100 metres to step-out drill the east extension (or the central zone) of the SW zone. All assays were conducted by ALS Chemex in Vancouver, Canada, using standard fire assay procedures. Significant intersections (using a 0.5 g/t Au cut-off grade) are reported below: Hole Interval Au True Zone (m) (g/t) thickness (m) DDH102 35.00 1.12 28.70 NE zone DDH102 57.90 0.73 47.48 NE zone DDH103 70.43 0.88 57.75 NE zone DDH103 24.00 1.18 19.68 NE zone DDH104 49.04 0.83 40.21 NE zone DDH104 36.07 0.80 29.58 NE zone DDH105 19.15 0.75 15.70 NE zone DDH105 14.85 0.75 12.18 NE zone DDH106 134.90 1.22 110.62 NE zone DDH106 19.60 0.53 16.07 NE zone DDH107 20.12 0.90 16.50 NE zone DDH107 88.27 0.88 72.38 NE zone DDH108 53.80 0.65 44.12 NE zone DDH109 101.00 0.82 82.82 NE zone DDH110 12.63 1.08 10.36 NE zone DDH110 81.57 1.09 66.89 NE zone DDH111 29.60 0.72 24.27 SW zone DDH111 16.30 0.58 13.37 SW zone DDH113 14.00 1.30 11.48 SW zone DDH114 11.00 1.36 9.02 Extension, SW DDH114 16.50 0.80 13.53 Extension, SW DDH115 22.18 0.55 18.19 SW zone DDH115 12.00 1.17 9.84 SW zone DDH115 10.74 0.66 8.81 SW zone DDH116 21.30 0.89 17.47 Extension, SW DDH117 12.84 1.33 10.53 SW zone DDH117 53.30 0.82 43.71 SW zone DDH118 10.50 0.80 8.61 Extension, SW DDH118 20.00 0.67 16.40 Extension, SW DDH119 42.56 0.68 34.90 SW zone DDH119 34.89 1.13 28.61 SW zone DDH120 46.10 0.93 37.80 SW zone DDH122 28.35 1.12 23.25 SW zone Qualified person Jim Lincoln, Jinshan's vice-president of corporate development and a qualified person as defined by National Instrument 43-101, verified and supervised the preparation of the technical information in this release. Please see the report for a summary of the material results of surveys and investigations regarding the property, a summary of the interpretation of the exploration to date and a description of the quality assurance/quality control measures applied to exploration work at the CSH 217 gold project. We seek Safe Harbor.