China Nonferrous Gold Board Changes

 
TIDMCNG 
 
 

China Nonferrous Gold Limited

("CNG" or the "Company")

Board Changes

China Nonferrous Gold Limited ?????????? (AIM: CNG), the mineral exploration and mining company currently mining the Pakrut gold project in the Republic of Tajikistan, is pleased to announce the appointment of Liang Boyi as Non-executive Chairman of the Company with immediate effect.

Mr. Liang, who holds a Master's degree and is a senior engineer by trade, has served as deputy manager of the asset operation department of China National Construction Group, as deputy manager of the planning department and as manager and director of the corporate department of the China Nonferrous Mining Group Company. He currently serves as the assistant to the general manager of the China Nonferrous Mining Group Company, and as director of the Strategic Research Office.

A list of Mr. Liang's current directorships together with those held within the last five years is set out below:

Current Directorships

China Nonferrous Metals International Mining Company Limited

Previous Directorships

None

Mr. Liang (aged 55) does not own any shares in the Company and has confirmed that there is no further information to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules.

Yu Lixian, Managing Director commented:

"We are delighted to welcome Mr. Liang Boyi to the Board, and his knowledge and experience in developing gold mines will be of significant benefit for Pakrut Gold Mine. I am greatly looking forward to working with him .

The Board of the Company would like to thank Mr. Wu Xiang for his contribution as the Non-executive chairman of the company for the last 4 years to the development of the Company and its projects, and wish him every success in the future ."

For further information please visit the Company's website (www.cnfgold.com) or contact:

China Nonferrous Gold Limited

Yu Lixian, Managing Director

Tel: [phone]

WH Ireland Limited (NOMAD & Broker)

Katy Mitchell, James Sinclair-Ford

Tel: [phone]

Blytheweigh (PR)

Tim Blythe, Camilla Horsfall

Tel: [phone]

Project Summary

The Pakrut gold project, of which CNG has 100 per cent ownership, is situated in Tajikistan approximately 120km northeast of the capital city Dushanbe. Pakrut is located within the Tien Shan gold belt, which extends from Uzbekistan into Tajikistan, Kyrgyzstan and Western China, and which hosts a number of multi-million ounce gold deposits.

CNG is currently in a commissioning phase with mining contractors on site finalising constructing of the mine, plant, tailings dam and refinery.

About Tajikistan

Tajikistan is a secular republic located in Central Asia. The country is a member of the Commonwealth of Independent States and the Shanghai Cooperation Organisation. Tajikistan hosts numerous operating precious metal mines as well as the largest aluminium smelter in Central Asia. CNG's management team has extensive experience in the mining industry in Tajikistan.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190729005827/en/

 
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(END) Dow Jones Newswires

July 30, 2019 02:51 ET (06:51 GMT)