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CNMC Goldmine grows its Gold Reserves

Vincent Chia

CNMC Goldmine Holdings Limited announced the findings of its latest Qualified Person’s Report. This independent report puts an estimate to its ore resources as a result of the exploration work done by CNMC Goldmine in FY2014. The key finding of the report is an 8% growth in Measured, Indicated and Inferred gold resources to 10,810,000 tonnes. This translates into about 506,000 ounces of gold. FY2014’s record gold production was 26,122 ounces. The new estimate of resources is on top of the depleted gold that CNMC Goldmine produced in FY2014. In addition, its silver, lead and zinc resources grew by 21%, 28% and 32% respectively. Going forward, CNMC will continue its exploration and production work.

GET TO THE POINT : Looks like another good year ahead for CNMC Goldmine.

(Picture from CNMC Goldmine Holdings Limited)

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