Tianshan Goldfields Share Discussion Threads

[mr.oz] 29/11/2007 19:26

Tianshan Goldfields posts narrower FY pretax loss




LONDON (Thomson Financial) - Tianshan Goldfields Ltd posted a narrower full
year pretax loss and said results from the initial modelling of the 2007 field
programme will be used to plan additional drilling in the second phase in coming
months.
The company posted a narrower pretax loss of 1.7 mln aud for the year ended
June 30 compared to 2.88 mln last year.
It added regional exploration drilling will also be carried out to assess
the significance of gold mineralised targets at Kezele, Chart and Awuliya.
"The second phase of the 2007 drilling programme will include further infill
at Jinxi to evaluate continuity of high grade mineralisation, at depth, to the
southeast," Tianshan said




Summary

The company has been highly encouraged by the drill results received to date
from the 2007 field programme. The results have confirmed grade continuity at
both Yelmand and Jinxi. At Jinxi the existence of a high grade feeder zone, at
depth, has been demonstrated as has extension of mineralisation to the west of
Yelmand.



These recent results of the 2007 infill resource extensional drilling will be
included in a new resource estimate to be completed by year end. Results from
initial modelling will be used to plan additional drilling in the second phase
resource drilling planned in coming months.



The second phase of the 2007 drilling programme will include further infill at
Jinxi to evaluate continuity of high grade mineralisation, at depth, to the
southeast. Extension to mineralisation west at Yelmand will be pursued.



Regional exploration drilling will also be carried out to assess the
significance of gold mineralised targets at Kezele, Chart and Awuliya. These
targets were identified in 2004, and confirmed in 2005 by mapping, rock chip and
soil sampling programmes.



Pre-feasibility studies will continue to see advances made in our understanding
of the metallurgical, geotechnical, hydrological and environmental-social issues
that build positively toward development of the project.

[mr.oz] 25/11/2007 23:09

result of AGM ; all resolutions passed.

[mr.oz] 21/11/2007 18:54

OK, ... thought we were doing very (too) well; as AU listing lost 10% overnight and new shares being listed at approx 22p. Market awash with red, looking for undervalued stocks all over the place, but this one takes some beating IMO. Management not putting a foot wrong along this road

[carchase] 21/11/2007 16:28

ah now 21p bid 21.5p

[carchase] 21/11/2007 16:27

strange price 22.5p bid -22p offer

[mr.oz] 19/11/2007 22:18

remaining 3,000,000 at $0.5 AUS to be issued

Issue of Equity

Tianshan confirms that, further to the announcement dated 9 November 2007, the
Company has now issued 28,000,000 ordinary shares of no par value in the Company raising A$14million by way of a placing (the 'Placing Shares').

Application will be made for the Placing Shares to be admitted to trading on AIM and dealings in the New Ordinary Shares is expected to commence on 23 November 2007

As also set out in the announcement dated 9 November 2007, an additional
3,000,000 Ordinary Shares which formed the balance of the placing (the 'Second
Tranche Placing Shares'), should be admitted to trading on AIM in January 2008,
subject to shareholder approval.

The total number of issued ordinary shares in the Company, including the Placing Shares (but excluding the Second Tranche Placing Shares), is now 215,192,597 ordinary shares.

[mr.oz] 19/11/2007 20:33

Minsec is not afraid of operating in China either, and has a 30% (fully diluted) interest in ASX and AIM listed Tianshan Goldfields, which in turn has a 90% interest in 2.8 million ounces of gold contained in "heap leachable" ore - at just under 1g/tonne. The ore outcrops at surface so it could well be more like a quarry than a mine. Two deposits will be developed to produce 80-100,000 ounces per annum in Phase 1. Phase 2 moves production up to 250,000 ounces per annum in 2010-2011. Keith says Minsec is "very chuffed" with progress at Tianshan to date, and is looking forward to the revised resource update based on the current season's drilling, before the end of the year

[mr.oz] 16/11/2007 07:21

ASX secondary trading notice

[mr.oz] 16/11/2007 00:12

15/11/2007 Becoming a substantial holder from MQG 17 PDF

Maquairie notice of sharholding (6.59%) .. no change really, just some details of merging of two of their operations as far as I can tell



find the details above at the link to latest announcements

[mr.oz] 14/11/2007 21:02

post 143 .. total amount raised is 31 million at 0.5AU$
The 28mill part is also stated at same price in the above RNS

Circa 22p actually , I think

[carchase] 14/11/2007 20:19

I make that 26-27p per share.

[mr.oz] 14/11/2007 07:24

ASX issue of new shares notice

[mr.oz] 12/11/2007 08:50

TGF 0.600 3.45% 0.600 0.640 0.580 0.600 0.560 143,456
TIANSHAN GOLDFIELDS LIMITED

Back to 0.6 level in ASX overnight

[mr.oz] 09/11/2007 13:09

Tianshan Goldfields says to raise 15.5 mln aud via placing 31 mln shares
AFX


LONDON (Thomson Financial) - Tianshan Goldfields Ltd said it plans to raise 15.5 mln aud, before costs, through a placing of 31 mln shares at 0.50 aud to fund the completion of feasibility studies and the 2008 drilling programme at Gold Mountain project in North-West China.

The Chinese gold miner also said the pre-feasibility studies are well advanced and that it expects to complete the study and apply for mining permit in June 2008.

The company said it expects to produce an initial 80,000-100,000 ounces of gold per year by the end of 2009.

Tianshan also said it plans to complete the 2007 field programme around the end of the current quarter.

Note: With the 2007 field programme nearing completion
the new resource estimation is presently underway with completion planned on or about the end of the current
quarter.

[carchase] 09/11/2007 08:08

On todays exchange that works out at £6.8m. Its good timing as you say.

[mr.oz] 09/11/2007 06:42

Plan to secure A$ 15.5m from Inst's , at $0.5AUS/share (31 million shares )
+ Incentive scheme

Comments please....

It's all a necessary part and parcel of a well organised project and management IMO.
Good timing.

[mr.oz] 05/11/2007 23:26

Click the link for a better view , but you might get the gist here from last 5 days ASX performances...


Date Last % Change High Low Vol *
05 Nov 2007 0.585 4.46% 0.595 0.580 148,255
02 Nov 2007 0.560 0.9% 0.560 0.560 8,000
01 Nov 2007 0.555 2.78% 0.555 0.540 83,100
31 Oct 2007 0.540 3.85% 0.540 0.525 102,500
29 Oct 2007 0.520 13.04% 0.540 0.500 82,606

[mr.oz] 05/11/2007 23:23

Am travelling a bit at the moment , but can't help looking in from time to time...
:-)
Going good... Approaching ATH's , and on goodish volumes.

[mr.oz] 01/11/2007 00:54

GOT SOME PRESS TODAY (UK time) .... from MINESITE
(read this Sw.Vulture and do some research from the Notes above. Resource will be re-defined, upgraded if things continue in this "vein", by the end of the year)



October 30, 2007

Tianshan Goldfields Has a Simple Story


By Rob Davies


The junior resource sector is a pretty crowded place these days and it is tough for individual companies to attract attention. One thing that helps though is a simple story and it doesn't get much simpler than having one project in one country exploiting one commodity. Such is the case with ASX and AIM listed Tianshan Goldfields. It is developing its 90 per cent owned Gold Mountain project in the Tian Shan gold province of north east China and the steady growth in its share price since listing demonstrates how the market appreciates the progress it is making. Even so, a valuation of £34million for 2.8 million ounce resource that can be mined by open cut and then heap leached suggests that the story is not that well known yet.

Chairman Keith Liddell was able to give Minews some background to the most recent news on the phone from Australia, though he is about to relocate from there to London in the next few weeks - something he admits is not really the best of timing for the weather. In the last few weeks there has been some significant news flow and all of it is positive. To put the news into context it is worth pointing out that the resource lies in three deposits: Yelmand, Mayituobi and Jinxi all within a few kilometres of each other. The contained gold in these three deposits currently stands at 800,000, 162,000 and 1,721,000 ounces respectively at the indicated and inferred categories.

Work is underway now on a pre-feasibility study will enable the quality of that resource category to be upgraded. Keith expects a new resource statement by the end of the year and the completed pre-feasibility by the beginning of the second quarter of 2008. Work will roll on to a bankable feasibility study with the target of applying for a mining licence in 2008 with a view to production starting in 2009. The most recent data from Bulk Leach Extractable Gold tests indicated that recoveries of 91.3 per cent were achievable after five days on drill core from Mayituobi crushed to minus 2 mm. More comprehensive data on bulk samples from Mayituobi and Yelmand suggest that recoveries in practice would be more like 60 to 70 per cent.

Mine planning at this stage contemplates starting up Mayituobi and Yelmand as two separate heap leach operations as they both outcrop and could be developed quickly. Both would be mined at the rate of 2.5 million tonnes a year which would exhaust the relatively small Mayituobi deposit in two years. After that the mining rate at Yelmand would double keeping output at 80 – 100,000 ounces a year. Keith expects that this Phase 1 stage would last until 2010 by which time Jinxi will have been more thoroughly drilled out. Once production migrates there he is hopeful that this larger body will allow output to rise to 350 -300,000 ounces a year and he expects cash costs to be of the order of US$200 - US$250 an ounce.

Full details of capital cost won't be known until the BFS is complete but this style of mining will keep it to a minimum. Keith says he would be prepared to contemplate some limited hedging of future production as part of a financing package but probably no more than 20 per cent. In the meantime another 35,000 metres of drilling is underway to improve the quality of the resource and Keith says there is plenty of exploration potential in surrounding ground. Tianshan might be a simple story, but it looks like it will be a nice, long one.

[swoopingvulture] 31/10/2007 16:37

Mr Oz, having a gander, what news is in the pipeline as TGF seems to have some solid resources.

[mr.oz] 31/10/2007 12:43

up nearly 20% in ASX trading in last three days , by the way (and on quite good volume)

[mr.oz] 31/10/2007 12:38

hello Tobyjug

Yes, in for the long haul , had sold some in the last correction, to buy them back...now expect only "good" surprises along the way

Expect this to end up eaten up as part of the expanded Minsec portfolio in the end however, at a very good premuim to whatever the share price has achieved by the time the company has developed further.

Good luck

[tobyjug] 30/10/2007 16:03

Mr.oz,On my monitor, but not a holder,you in for the long haul?

[mr.oz] 30/10/2007 02:01

Quarterly/Cashflow Report for the Period Ended 30 Sept 2007

[mr.oz] 30/10/2007 01:55

TIANSHAN GOLDFIELDS LIMITED

FURTHER SIGNIFICANT GOLD MOUNTAIN DRILLING RESULTS


• Tianshan Goldfields is pleased to report further significant drill results
completed at Jinxi, Yelmand and the Mayituobi deposits and regional targets


• Drilling at Jinxi has confirmed significant width and strike extent of deeper
higher grade mineralisation in the south east of the Jinxi deposit.
Significant results include:

44.6 metres at 2.51g/t Au from 166 metres

19 metres at 1.66g/t Au from 90 metres


• Drilling at Mayituobi has located mineralisation in the north that has
returned grades higher than previously reported for the Mayituobi deposit.
Significant results include:

32 metres at 2.62g/t Au from 18 metres

35 metres at 1.06g/t Au from 21 metres

• Results from initial drilling completed at regional target Jinshan, located
immediately north of the 3.8moz Arxi Gold mine returned an encouraging
intersection of 3 metres at 0.99g/t Au from 26 metres