Wednesday, 29th November 2006 (2566 views)

Great China Mining has discovered new copper-gold mineralization in the People's Republic of China, indicating the potential for a new high-grade copper-gold deposit.

Drilling of exploration targets at the exploration company's Xietongmen property near the city of Lhasa in Tibet has resulted in the discovery of long intervals of strong copper and gold grades.

Two holes were drilled in the in the Newtongmen area three kilometres northwest of the Xietongmen deposit. Both holes yielded high grades.

Great China said Newtongmen has the potential to add significantly to the resource base on the Xietongmen property. An aggressive multi rig drilling program is planned for April 2007 to delineate the new discovery.

Great China Mining has a total of 47 precious metal and industrial mineral resource properties in the People's Republic of China. It has rights, permits, leases or option agreements representing 65 per cent to 100 per cent interest in these properties.

 

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