Extensive evidence points to major success at Sino Gold Ltd's Bolivia property, reported the company today.
Sino Gold Ltd. has received approval to conduct seismographic studies of the Maoling sites to better define the size and depth of the large gold ore deposits found there.
Positive results from extensive testing have prompted Sino Gold Ltd. to begin preliminary steps to extract ore for processing.
Sino Gold Ltd. has completed in depth surveys on its Maoling delta site, the companies forth acquisition in the mountainous region.
An extensive reassessment of one of Sino-Sud's most recent acquisitions has resulted in a significant reduction of expected total yield for the property.
After recent announcements of smaller than expected gold reserves at its newly leased properties, Sino-Sud Resources may now no longer meet the minimum criteria for listing on the Hong Kong Stock Exchange.
Following more disappointing results from numerous drill samples, Sino-Sud Resources announced an indefinite hold on preparations for the company's initial public offering.
Sino Gold Ltd. has completed deals acquiring three smaller but highly promising sites in China's mountainous area of Maoling.
Previous evidence of a major gold deposit in phase three has been confirmed with a successful level two mineralogy study according to Sino Gold Ltd.