cicgold 8 May 2014 02:01
The Company has as its shareholder base certain of China's oxide and hard rock gold miners whom will be conducting initial mining and processing. The Company and its Directors intend to utilize their collective prior experience and informal network of contacts in the mining sectors to grow the mineral property asset portfolio. The mineral assets include an indirect 48% interest in two properties adjacent to Lixian Gold Deposit, Gansu China, Jin Ce gold project Guizhou Province, China located next to Eldorado Gold mine (formally Sino Gold and China 2nd largest operating gold mine). In addition CICPM holds 48% of CIC Congo which owns certain mineral leases in Eastern Congo located adjacent to Banro Corp. All CICP leases have full mining licenses.
LIXIAN GOLD PROJECT (CHINA)
Current development of the 3+ million oz Lixian Gold Project in Gansu Province, China (Dragon Mountain Gold Limited).
Lixian Gold Deposit, Gansu China
Zijin Mining Group Co.,
PROPOSED ACQUISITION OF GANSU LIXIAN GOLD PROJECT
A$175,000,000
The mines in Gansu Lixian gold project contain abundant gold resources with good exploration prospects and it will significantly increase the gold resources of the Company.