Tianshan Goldfields Share Discussion Threads

[mr.oz] 18/12/2008 06:58

Marry in haste, repent at leisure

Receivers Ferrier Hodgson has appointed corporate advisory firm Gresham Partners to seek buyers for some or all of the assets of CopperCo, which collapsed under the weight of its bank debt three weeks ago.

[mr.oz] 09/12/2008 07:32

Analyst wants CopperCo probe
9th December 2008, 7:30 WST

[mr.oz] 28/11/2008 07:37

copperco in voluntary admin , notice , on ASX link at top of header
no material affect , apparent except some admin duty.

[mr.oz] 26/11/2008 09:50

Excellent use of resources, clearsoup.
Find full details here under latest announcements:

[clearsoup] 26/11/2008 08:28

Tianshan acquires stake in Chinese gold project

26th November 2008, 12:15 WST


Perth-based explorer Tianshan Goldfields has acquired a 60 per cent interest in a Chinese gold project for $2.3 million, acquiring the stake from its major shareholder, Perth-based CopperCo.

The Qixia gold project consists of 10 exploration licences covering 182.1 sqkm in China's Shandong province, on which the firm's joint venture partners have already completed a ground magnetic survey.

Tianshan acquired an 80 per cent stake in a Hong Kong incorporated firm, with that company holding a 75 per cent stake in a Sino-Foreign joint venture firm Shandong Yantai Golden Sea Mining, with the remaining 25 per cent of the firm held by the Qixia county government.

In an announcement, Tianshan said the acquisition would complement ongoing activities at the firm's Gold Mountain project in north-west China, on the other side of the country, opening up new fronts for exploration during the northern Chinese winter.

[clearsoup] 25/11/2008 16:26

duhh... Found it. My previous search got directed to the CUO thread. But HotCop isn't great. Have been buying and now have 200K.
Recommend Chris Wood gold bull article

He is tuned in to China, India and the Middle East, which is where I see new leadership in POG coming from. I think the 'permission' given to PRC investors to buy gold may reflect some kind of deal, for PRC to support orderly adjustment of USD exchange rate, in exchange for US ceasing to intervene in futures to keep gold down. Also it looks as if the Iranians see buying Gold as a way to score off the US. Russia could also be tempted. So IF the fundamentals remain tight, we may see some POG strength.

[mr.oz] 25/11/2008 07:57

clearsoup ; there is a thread there. But I don't like its layout much.
... and search tgf.

I have been working away from home so much and will be until Jan/Feb , which leaves little time for monitoring this and other shorter term trading (good job in a way lately ! )

I am still awaiting some statement for the AIM shares that went over to ASX from Selftrade.... they are very poor. Those and my ASX listed TGF are certainly long term bets anyway so I'm not frantic yet.

[clearsoup] 24/11/2008 22:03

MROz!
I am wondering if this is the place to watch over TGF, as it is de-listed from AIM, is listed on ASX, and may list in HK. On HotCopper there is as yet no thread: but the format is not very convenient. Any thoughts?

[clearsoup] 17/11/2008 17:46

I've been buying a bit, too. For all our other readers, this, from the linked art. above, is pithy.

"Tianshan had $A17.3m in cash as at 30 September 2008, which at current market valuation for Tianshan values the company's 2.6 million gold resources at around 1 cent. By second half 2010, Tianshan aims to be producing between 80,000 and 100,000 ounces of gold per annum from a large, low grade-bulk tonnage, heap leach operation, based on deposits at Yelmand and Jinxi-Balaki."

[mr.oz] 17/11/2008 15:40

Anglo Pacific Group Acquires more Tianshan Goldfields Shares

[clearsoup] 09/10/2008 22:04

These are beginning to look cheap, especially relative to my average cost! Do you have a reasonably up to date guess as to Copperco/Mineral Secs. cash position and future cash flow? I will try to make time to do some spreading, but can't before mid next week.

[mr.oz] 09/10/2008 16:59

been travelling a lot ... share price off the cliff !

[clearsoup] 25/9/2008 08:11

Re:291 Lassonde is a bit of a legend! Good find, Mr. Oz.

[mr.oz] 25/9/2008 05:51

Annual Report 2008

[mr.oz] 20/9/2008 20:55

Nice to hear from you clearsoup. Anything else you want in the header?



Another interesting view on juniors

[clearsoup] 15/9/2008 09:54

Yes, interesting (JS has good antennae): but p33 glides over Central Bank willingness to intervene in order to prevent the damaging flight from fiat which triumphalism by goldbugs and greedy carping by the media would undoubtedly trigger. It may become an epic struggle: but I am long bullion and miners.

[mr.oz] 14/9/2008 12:57

Liked this too..

[mr.oz] 14/9/2008 11:21

INTERESTING IMO.

When the Gold's all Gone, the Market will go Nuts!
Commodities / Gold & Silver Stocks Sep 13, 2008 - 10:32 AM

[mr.oz] 05/9/2008 12:06

COMPANY RELEASES
Tianshan Gold Mountain pre-feasibility studies extended
Friday , 05 Sep 2008


• Pre-Feasibility Studies on the Gold Mountain project continuing, with completion now expected by early 2009.

• Key parameters reviewed to date include resource estimates, metallurgy and processing options, pit optimisation, mine scheduling, preliminary capital and operating costs.

• Remaining work includes a substantial column leach metallurgical test work programme, currently in progress, to confirm leach recoveries.

• The Pre-Feasibility Studies have also been expanded to include consideration of a Carbon-in-Leach (CIL) processing alternative, given confirmation of very low power costs ($US0.054pkh) available on site.

Tianshan Goldfields Limited ("Tianshan" or "the Company") (ASX: TGF) today announced an update on the ongoing Pre-Feasibility Studies to develop the resources at its 90%-owned Gold Mountain Project in northwest China, which comprise Measured, Indicated and Inferred Resources totalling 94.8 million tonnes at 0.9g/t gold for 2.64 million contained ounces (Table 1).

After reviewing the interim results of the Pre-Feasibility Studies, including the progress of metallurgical test work on the Gold Mountain deposits, Tianshan advises that the Pre-Feasibility Study will now continue until early 2009.

This is necessary to ensure that all development parameters are fully examined to underpin any decision to progress to a Full Feasibility Study in 2009 and to meet the Company's internal investment criteria, as well as sufficient time to complete the current extensive metallurgical test work program.

Pre-Feasibility Study (PFS)

The basic process plant design and costing study for a heap leach operation undertaken by Bateman Engineering and the pit optimisations undertaken by Cube Engineering have now been completed on the principal Yelmand-Jinxi and Mayituobi deposits at Gold Mountain, with preliminary mine scheduling also completed.

An initial review of the PFS data and development scenarios was based on the following key parameters:

• Resource Estimates

• Metallurgy and Processing Options

• Pit Optimisation and Mine Scheduling

• Preliminary Capital and Operating Costs

Work currently in progress and required to finalise the PFS primarily comprises metallurgical tests commissioned in the second quarter of 2008. This work includes a substantial column leach metallurgical test work programme on ore-type samples for Yelmand, Jinxi and Mayituobi deposits to confirm leach recoveries and High Pressure Grind Roll (HPGR) trial crushing tests.

This test work has commenced at Kappes Cassidy & Associates (KCA) in Denver, USA and KHD (Humbolt Wedag GmbH) in Germany on samples received in early July and is estimated to be completed and evaluated by early 2009.

Bulk samples (each up to 1.5 tonnes), split from the same bulk composites for KCA column tests, for Yelmand-Jinxi and Mayituobi deposits, have also been dispatched to KHD in Germany for pilot scale testing of the amenability of the Gold Mountain ore types to processing using HPGR technology.

The primary objective of the pilot scale test work program is to generate bulk ore samples for column leach test work at KCAA. This will provide a direct comparison of leach recoveries between conventional crush and HPGR crushing.

Although the main focus of ongoing Pre-Feasibility Studies has been on developing a possible open pit heap leach processing operation, infrastructure studies to date have confirmed very low power costs ($US0.054pkh) available at the proposed mine site.

This fact has necessarily broadened the scope of the ongoing studies to include consideration of Carbon in Leach processing. It is expected that the inclusion of a CIL option in the current pre feasibility study will not adversely extend the completion of the PFS beyond that anticipated for completion of column leach tests.

Mining Licence Application

Chinese design institute, Beijing General Research Institute of Mining & Metallurgy (BGRIMM), was appointed to co-ordinate the preparation and submission of the Mining Licence Application.

BGRIMM will consult on the preparation of the Geology and Mineral Resource Report (GMRR) that incorporates the Chinese Code Resource Report. This report will eventually be submitted for review by the Ministry of Land and Resources and will provide the initiating document that feeds into the Environmental Impact Assessment (EIA) and Mine Area Scoping study - both requirements for the mining licence application.

This report is required to register the reserves with appropriate Development and Reform Committee required for the mining licence application to progress.

Metallurgical studies have been initiated in China as part of the parallel process with test work to be undertaken by Chinese certified laboratories reporting to Chinese codes.

Due to recent mineral industry regulatory changes effective 1 July 2008, metallurgical test work to be included in the Mining Licence Application process is required to be performed at Chinese approved laboratories. The effect of this new ruling will result in the current Mining Licence Application process extending into the first half of 2009.

BGRIMM have also been requested to review and update the preliminary PFS Capital Costs with costs representative of sourcing equipment and constructing in China.

Yours faithfully

Grant Thomas

Managing Director

[mr.oz] 04/9/2008 19:31

Prospecting for profits and how to value prospectors (oil,gas and mining)

"A hole in the ground with a liar at the top," is how Mark Twain once famously described a mine.........ETC

[mr.oz] 03/9/2008 07:41

Been aroud the 0.21 AUS dollars to buy for a short while now. Seems to have found a floor. AUS miners, not done great lately, so TGF holding its own , last night the bid opened, on v light volume.

[mr.oz] 27/8/2008 20:07

Commodity party not over, says JPMorgan...
........Fund manager says energy and mining stocks are the cheapest they have been for a decade

[mr.oz] 18/8/2008 07:34

Annnouncement of EGM results available from ASX link in header , not on website yet, re AIM Cancellation.

Approved this morning at 10am , with no votes against