News

June 10, 2008

Steady As She Goes At Tianshan Goldfields

By Rob Davies

In an industry that’s becoming more and more beset by problems and delays it’s good to hear from a company that’s making steady progress towards its goals. It helps to have a seasoned professional in charge and in that regard shareholders in Tianshan Goldfields can take comfort from the guiding hand of Keith Liddell, non executive chairman and former managing director of Aquarius Platinum. He was able to take time to update Minews on progress at its Gold Mountain project in the Tian Shan goldbelt in north-western China. And it all seems to be going very well.

The principle focus at the moment is on completing the pre-feasibility study. That is due some time in the third quarter and Mr Liddell declined to be drawn on a more specific date. Nonetheless all the indications are that once it is completed work will simply roll on to the feasibility study which is due in the first quarter of 2009. With a fair wind everything will then roll on towards production in 2010. With A$17m of cash in the bank funding these two studies is not a problem.

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