Allied Minerals Picks Up The Pace At Shandong Property
Mar.
14, 2013 - PUDONG, China -- China based, Allied Minerals acquired the Shandong
property back in 2012 following its identification and risk assessment approval by Executive
Director Mr Henry Huan...
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Allied Minerals Picks Up The Pace At Shandong Property
Mar.
14, 2013 - PUDONG, China -- China based, Allied Minerals acquired the Shandong
property back in 2012 following its identification and risk assessment approval by Executive
Director Mr Henry Huan BSc, MSc.
Preliminary tests and Initial ore samples immediately
indicated the presence of gold veins, and production was underway late last 2012.
However,
during the first quarter of 2013 Allied Minerals extended the Shandong exploration area resulting
in the discovery of underground intersecting veins.
While these veins may marginally increase
the cash cost of each ounce of ore extracted, the ore is accessible, and production costs are still
comparatively low.
Mr Henry Huan said “I have been with Allied Minerals since 2001, but I think now one of the
most exciting times in our company s history, as we are seeing strong throughput at Shandong
and we are in a position to expand and grow as a company”.
Allied Minerals CEO Mr Kevin
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