Thursday, June 19, 2008

Dragon Mountain defines Zhao Gou gold

Dragon Mountain Gold Ltd., a gold explorer, has defined a maiden 1.1 million ounce gold resource at the Zhao Gou deposit at its majority-owned Lixian gold project in central China. This is a very exciting gold discovery as China is rapidly becoming one of the world's largest gold producers."This is the first of several known deposits within the LiBa lease at Lixian and marks our first step towards building a substantial JORC-compliant resource inventory," managing director Andrew Richards said in a statement. "Already the Zhao Gou resource represents a 120 per cent increase to the mineralisation identified by previous Chinese workers. We believe there is more to come.""Our exploration continues to demonstrate the prospectivity of this region, with the potential to host very large deposits as well as high-grade mineralised zones within those deposits."At we will always pay you the highest price for your gold. Simply check our website to see what we will pay you for your unwanted gold scrap and broken gold jewelry.

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