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Tianshan Goldfields Ltd
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Tianshan Goldfields - Gold Mountain Project Takes Step Forward to Development

On June 23 2008

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style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:10.0pt+ADs-font-family:+ACI-Arial Narrow+ACIAOw-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal align+AD0-center style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt: auto+ADs-text-align:center'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:20.0pt+ADs-font-family: +ACI-Book Antiqua+ACIAOw-font-variant:small-caps+ADs-mso-ansi-language:EN-GB'+AD4-GOLD MOUNTAIN PROJECT TAKES STEP FORWARD TO DEVELOPMENT+ADw-/span+AD4APA-/b+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:20.0pt+ADs-font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'mso-margin-top-alt:auto+ADs-mso-margin-bottom-alt:auto+ADs- text-align:justify'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-font-family: +ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBlockText style+AD0-'margin-top:6.0pt+ADs-margin-right:0cm+ADs-margin-bottom: 0cm+ADs-margin-left:0cm+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.0pt+ADs-font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language: EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBlockText style+AD0-'margin-top:6.0pt+ADs-margin-right:0cm+ADs-margin-bottom: 0cm+ADs-margin-left:36.0pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify+ADs-text-indent: -18.0pt'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.0pt+ADs-font-family:Symbol+ADs- mso-ansi-language:EN-AU'+AD4-?+ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:7.0pt+ADs- mso-ansi-language:EN-AU'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.0pt+ADs-font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language: EN-AU'+AD4-The Mining Permit application process has been bolstered with the selection of BGRIMM as the lead Chinese Design Institute for the project+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBlockText style+AD0-'margin-top:6.0pt+ADs-margin-right:0cm+ADs-margin-bottom: 0cm+ADs-margin-left:36.0pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify+ADs-text-indent: -18.0pt'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.0pt+ADs-font-family:Symbol+ADs- mso-ansi-language:EN-AU'+AD4-?+ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:7.0pt+ADs- mso-ansi-language:EN-AU'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.0pt+ADs-font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language: EN-AU'+AD4-The in-country engineering team has been strengthened with the appointment of three experienced senior Chinese engineers+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBlockText style+AD0-'margin-top:6.0pt+ADs-margin-right:0cm+ADs-margin-bottom: 0cm+ADs-margin-left:36.0pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify+ADs-text-indent: -18.0pt'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.0pt+ADs-font-family:Symbol+ADs- mso-ansi-language:EN-AU'+AD4-?+ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:7.0pt+ADs- mso-ansi-language:EN-AU'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.0pt+ADs-font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language: EN-AU'+AD4-The Pre-feasibility study is progressing in line with expectations +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBlockText style+AD0-'margin-top:6.0pt+ADs-margin-right:0cm+ADs-margin-bottom: 0cm+ADs-margin-left:36.0pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify+ADs-text-indent: -18.0pt'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.0pt+ADs-font-family:Symbol+ADs- mso-ansi-language:EN-AU'+AD4-?+ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:7.0pt+ADs- mso-ansi-language:EN-AU'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.0pt+ADs-font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language: EN-AU'+AD4-Drilling at southern Jinxi continuing and Geotech drilling well under way +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBlockText style+AD0-'margin-top:6.0pt+ADs-margin-right:0cm+ADs-margin-bottom: 0cm+ADs-margin-left:36.0pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify+ADs-text-indent: -18.0pt'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.0pt+ADs-font-family:Symbol+ADs- mso-ansi-language:EN-AU'+AD4-?+ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:7.0pt+ADs- mso-ansi-language:EN-AU'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-size:10.0pt+ADs-font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language: EN-AU'+AD4-Regional Exploration work this year has further highlighted the prospectivity of the +ADw-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:PlaceName u2:st+AD0AIg-on+ACIAPg-Gold+ADw-/u1:PlaceName+AD4- +ADw-u1:PlaceType u2:st+AD0AIg-on+ACIAPg-Mountain+ADw-/u1:PlaceType+AD4APA-/u1:place+AD4- project tenement area, defining a further 8 exploration targets with the same structural, lithological +ACY-amp+ADs- magnetic signatures as Yelmand +ACY-amp+ADs- Jinxi.+ACY-nbsp+ADs- +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoBlockText+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Tahoma+ADs-mso-ansi-language: EN-AU'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4-Tianshan Goldfields Limited (?Tianshan? or ?the Company?) (ASX/AIM: TGF) hereby provides an update as to the ongoing feasibility and exploration work at its 90+ACU- owned Gold Mountain Project (?GM Project?) in northwest China. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-b+AD4APA-u+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-span style+AD0-'text-decoration:none'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-/o:p+AD4APA-/span+AD4APA-/u+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-b+AD4APA-u+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4-Mining Licence Application+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/u+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4-The company is pleased to announce that the +ADw-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:City u2:st+AD0AIg-on+ACIAPg-Beijing+ADw-/u1:City+AD4APA-/u1:place+AD4- General Research Institute of Mining +ACY-amp+ADs- Metallurgy (BGRIMM) has been selected as the Chinese Design Institute to undertake the Chinese Feasibility and to assist the company with the preparation and submission the Mineral Resource Development and Utilisation Plan (MRDUP) and also the Mining Licence Application.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4-BGRIMM has extensive experience working with Western JV companies successfully developing new projects in +ADw-u1:country-region u2:st+AD0AIg-on+ACIAPg-China+ADw-/u1:country-region+AD4-, the most recent of which include the QingHai Tanjianshan Goldmine (Elderado), the Changshanhao Goldmine (Jinshan), the Hebei Hua Ao Caijiaying Zn/Au mine (+ADw-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:City u2:st+AD0AIg-on+ACIAPg-Griffin+ADw-/u1:City+AD4APA-/u1:place+AD4-) and the Bayanhar Goldmine (Sino Gold). BGRIMM is expected to commence work on the project before the end of June and the Company looks forward to the contribution from BGRIMM to the project.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4-The Mine Area Scoping Drawings and the Geology and Mineral Resource Report have commenced and are expected to be completed on schedule for the mining licence application process. +ADw-b+AD4APA-i+AD4APA-o:p+AD4APA-/o:p+AD4APA-/i+AD4APA-/b+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4-Baseline environmental studies continue and the Company has received proposals from appropriate Chinese Design Institutes for the co-ordination and the compilation of the Geological Hazard Assessment, Seismic Assessment and the Water and Soil Conservation Plan.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-b+AD4APA-u+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4-Pre-feasibility Study +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/u+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:6.0pt+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4-The basic process plant design and costing study being undertaken by Bateman Engineering is nearing completion and the pit optimisations have been completed on the Mayituobi, Yelmand and Jinxi deposits with mine scheduling underway.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:6.0pt+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4-A preliminary study has been completed by Yili Prefecture Institute of Highway Reconnaissance and Design for main access road to the mine site and the Yili Electric Power LLC has completed a study that confirms that power supply for the project can be obtained from the Xinjiang electrical power grid. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:6.0pt+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4-+ADw-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4-Golder Associates have completed a preliminary surface water management and mine water balance for the project, which together with the water supply study completed by a local Chinese Design Institute will be used to further develop the water supply strategy for the project. Studies to date indicate that there is sufficient surface water available in close proximity to the project to cater for the projects requirements.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:6.0pt+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4-Three senior experienced Chinese engineers have joined the Company as the in-country engineering team continues to mobilise for the next phases of work on the project. +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:PlaceName u2:st+AD0AIg-on+ACIAPgA8-b+AD4APA-u+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4-Gold+ADw-/u1:PlaceName+AD4- +ADw-u1:PlaceType u2:st+AD0AIg-on+ACIAPg-Mountain+ADw-/u1:PlaceType+AD4APA-/u1:place+AD4- Drilling and Geochemical Sampling Program +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/u+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-i+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4-Near Resource+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 6.0pt+ADs-margin-left:5.65pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family: +ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4-Drilling commenced at +ADw-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:PlaceName u2:st+AD0AIg-on+ACIAPg-Gold+ADw-/u1:PlaceName+AD4- +ADw-u1:PlaceType u2:st+AD0AIg-on+ACIAPg-Mountain+ADw-/u1:PlaceType+AD4APA-/u1:place+AD4- around the 20+ADw-sup+AD4-th+ADw-/sup+AD4- of May with priority at southern Jinxi and geotechnical drilling. +ACY-nbsp+ADs-The 2+ADw-sup+AD4-nd+ADw-/sup+AD4- and 3+ADw-sup+AD4-rd+ADw-/sup+AD4- drillholes have commenced testing for a higher grade feeder zone to the south east of Jinxi, along strike from drillholes DD06JX073 and DD07JX115 which intersected 59m 1.95 g/t Au and 57m 3.64 g/t Au respectively, results for which are expected during the first half of July. +ACY-nbsp+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 6.0pt+ADs-margin-left:5.65pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family: +ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4-Drilling completed on the fourth of five pit slope design geotechnical drill holes at Mayituobi.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-i+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4-Regional Exploration+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-color:black+ADs-mso-ansi-language: EN-GB'+AD4-A Geological model that fits the geological histories of the +ADw-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:PlaceName u2:st+AD0AIg-on+ACIAPg-Tulasu+ADw-/u1:PlaceName+AD4- +ADw-u1:PlaceType u2:st+AD0AIg-on+ACIAPg-Basin+ADw-/u1:PlaceType+AD4APA-/u1:place+AD4- and the timing of the controlling structures, as mapped and observed during the recent exploration program has been completed.+ACY-nbsp+ADs- This will form the basis to guide future exploration and has highlighted the prospectivity of the region, defining a further 8 exploration targets with the same structural, lithological +ACY-amp+ADs- magnetic signatures as Yelmand +ACY-amp+ADs- Jinxi.+ACY-nbsp+ADs- +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4-Yours faithfully+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-u1:PersonName u2:st+AD0AIg-on+ACIAPgA8-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4-Grant Thomas+ADw-/u1:PersonName+AD4- +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-i+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4-Managing Director+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/i+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language: EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-i+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:9.0pt+ADs-font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language: EN-GB'+AD4-Mr SL Allnutt (AusIMM, MAIG), Chief Geologist of Tianshan Goldfields Limited, compiled the technical aspects of this report relating to the +ADw-u1:place u2:st+AD0AIg-on+ACIAPgA8-u1:PlaceName u2:st+AD0AIg-on+ACIAPg-Gold+ADw-/u1:PlaceName+AD4- +ADw-u1:PlaceType u2:st+AD0AIg-on+ACIAPg-Mountain+ADw-/u1:PlaceType+AD4APA-/u1:place+AD4- Project. Mr Allnutt has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that is being reported on to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Mineral Resources and Ore Reserves. Mr Allnutt consents to the inclusion in the report of the matters in the form and context in which it appears.+ADw-/span+AD4APA-/i+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family: +ACI-Book Antiqua+ACIAOw-font-variant:small-caps+ADs-mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-font-variant:small-caps+ADs- mso-ansi-language:EN-GB'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 6.0pt+ADs-margin-left:5.65pt+ADs-background:+ACM-003366'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-size:11.0pt+ADs-font-family:+ACI-Book Antiqua+ACIAOw-font-variant:small-caps+ADs- color:white+ADs-mso-ansi-language:EN-GB'+AD4-For Further Information, Please Contact:+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-table class+AD0-MsoNormalTable border+AD0-0 cellspacing+AD0-0 cellpadding+AD0-0 style+AD0-'border-collapse:collapse+ADs-mso-padding-alt:0cm 0cm 0cm 0cm'+AD4- +ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes+ADs-mso-yfti-lastrow:yes'+AD4- +ADw-td width+AD0-328 valign+AD0-top style+AD0-'width:246.2pt+ADs-padding:0cm 5.4pt 0cm 5.4pt'+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 0cm+ADs-margin-left:5.65pt+ADs-margin-bottom:.0001pt+ADs-text-align:justify'+AD4APA-b+AD4APA-span lang+AD0-EN-GB style+AD0-'font-family:+ACI-Book Antiqua+ACIAOw-mso-ansi-language:EN-GB'+AD4-Tianshan Goldfields Limited+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/b+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal style+AD0-'margin-top:0cm+ADs-margin-right:5.65pt+ADs-margin-bottom: 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