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Chifeng Jilong Gold Mining Co., Ltd. Class H ( (HK:6693) ) has provided an update.
Chifeng Jilong Gold Mining Co., Ltd. announced a significant discovery of a gold-rich porphyry gold-copper deposit at the LXML Sepon concession in Laos. The initial JORC-compliant Mineral Resources estimate indicates 131.5 million tonnes of ore with a gold equivalent of 3.44 million ounces. This discovery, achieved within 14 months, highlights the potential for further resource expansion as mineralization remains open at depth, potentially impacting the company’s market position and offering promising implications for stakeholders.
More about Chifeng Jilong Gold Mining Co., Ltd. Class H
Chifeng Jilong Gold Mining Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the mining industry with a focus on gold and copper extraction.
Average Trading Volume: 13,999,629
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$44.77B
Find detailed analytics on 6693 stock on TipRanks’ Stock Analysis page.