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Griffin has also completed an 11 hole surface diamond drilling program which tested targets defined in a IP geophysical program south of the Caijiaying Mine between Zones II and III, and targets based on historical drill holes. Ore-grade mineralization has been discovered at one IP target and one drill hole target.

Follow-up exploration is planned by branching off the decline to enable underground drill testing. The mineralization is thought to be an extension of a Zone III orebody displaced by faulting. Essentially, this target is a northern extension of the Zone II mineralisation which was too far away for the current underground program to reach. Both successful targets are currently being followed up by a further surface diamond drilling program as a pre-cursor to extending underground access for detailed drill outs.

The technical data contained in this disclosure has been compiled and approved by Mr. He is a geologist with 24 years relevant experience in the mining industry. Taken in conjunction with the outstanding gold results from the Caijiaying Mine area, it begins to show the true size of the Caijiaying mineralized system and the potential for further increasing the Caijiaying Mine's production of zinc, gold, silver, lead and other by-products.

I am so pleased for the loyal shareholders of the Company". Subscribe Log in. Facebook Twitter Linkedin. Search form Search Search. September 9, PM. Best intercepts from Zone III included: New York News Sections. Deep dive Feature All insights Horizonte Minerals set to become a major player in Brazilian nickel scene Silvercorp Metals on track to meet fiscal output guidance as the miner continues to expand its asset portfolio LiteLink Technologies driving innovation in shipping, logistics and digital payment technology Maverix Metals is a rapidly growing royalty company exposed to a rising gold price Pacific Empire Minerals generating plenty of prospects and interest in British Columbia Great Bear Resources is well financed and drilling at one of the largest new gold discoveries in Canada Fast-paced PharmaDrug looks to create winning formula with cannabis, psychedelics and biotechnology LexaGene advances its pathogen-detection technology in battle against coronavirus Creso Pharma set to benefit as regulatory shifts on cannabis and broadened global footprint underpin growth How will the Manifest Destiny of Big Tech and its barons eventually reveal itself?

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Griffin Mining Limited "Griffin" or the "Company" is pleased to announce the latest exploration results from its Caijiaying Mine and adjacent ground.

Hebei hua ao mining bitcoins Hebei hua ao mining bitcoins delayed 15 minutes unless otherwise indicated. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Follow us on:. Fundamental company data and analyst estimates provided by FactSet. Horizonte Minerals set to become a major player in Brazilian nickel scene Silvercorp Metals on track to meet fiscal output guidance as the miner continues to expand its asset portfolio LiteLink Technologies driving innovation in shipping, logistics and digital payment technology Maverix Metals is a rapidly growing royalty company exposed to a rising gold price Pacific Empire Minerals generating plenty of prospects and interest in British Columbia Great Bear Resources is well financed and drilling at one of the largest new gold discoveries in Canada Fast-paced PharmaDrug looks to create winning formula with cannabis, psychedelics and biotechnology LexaGene advances its pathogen-detection technology in battle against coronavirus Creso Pharma set to benefit as regulatory shifts on cannabis and broadened global footprint underpin growth How will the Manifest Destiny of Big Tech and its barons eventually reveal itself? Tibet Huayu Mining Co. In the three months to the end of June the company saw an
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Griffin has also completed an 11 hole surface diamond drilling program which tested targets defined in a IP geophysical program south of the Caijiaying Mine between Zones II and III, and targets based on historical drill holes. Ore-grade mineralization has been discovered at one IP target and one drill hole target.

Follow-up exploration is planned by branching off the decline to enable underground drill testing. The mineralization is thought to be an extension of a Zone III orebody displaced by faulting. Essentially, this target is a northern extension of the Zone II mineralisation which was too far away for the current underground program to reach.

Both successful targets are currently being followed up by a further surface diamond drilling program as a pre-cursor to extending underground access for detailed drill outs. The technical data contained in this disclosure has been compiled and approved by Mr. He is a geologist with 24 years relevant experience in the mining industry. Taken in conjunction with the outstanding gold results from the Caijiaying Mine area, it begins to show the true size of the Caijiaying mineralized system and the potential for further increasing the Caijiaying Mine's production of zinc, gold, silver, lead and other by-products.

I am so pleased for the loyal shareholders of the Company". Subscribe Log in. Facebook Twitter Linkedin. Search form Search Search. September 9, PM. Best intercepts from Zone III included: The new deeper mining license was hotly anticipated by the company and investors alike. Registered in England with Company Registration number You can contact us here. Data delayed 15 minutes unless otherwise indicated.

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Numerous upgrades to the Caijiaying Mine and processing facilities have taken place since commissioning. In January , the Company completed a further upgrade of the processing facilities at the Caijiaying Mine and the construction of two new 35kv power lines connected to the main grid enabling a new third primary ball mill to be commissioned.

This upgrade has taken name plate mill throughput capacity to 1. Zone III is currently being mined. The Mineral Resource estimate has been depleted for mining production through to 31 December, and includes 8, tonnes of surface stockpiles surveyed on 31 December Zone II Mineral Resource includes 1. The Mineral Resource estimate is based on 3, underground diamond drill holes and surface drill holes.

The underground drilling was carried out using nominal fan patterns of 20m by 20m, grading to a 40m by 40m pattern at depth. The full extraction of the new Mineral Resources will require the extension of the business licence beyond or increase in production capacity and enhanced permits. Resource announcements for those zones should be forthcoming in the future.

Mineralisation at Caijiaying is believed to be related to a Jurassic-age igneous event that affected the 2. Base metal and gold mineralisation associated with Jurassic intrusives have replaced favourable horizons in the metamorphic rocks, most notably calcsilicates, porphyry sills and dykes intruded along faults cut across the sequence.

Click here for enlarged Map of the Caijiaying License Areas. The exploration programme at Caijiaying used a strategy of consolidation, with work completed to test mineralisation along strike in the northern deposit area and down-dip for extensions. Studies of areas outside the identified resource zones but still within the licence areas has involved reinterpretation of old geophysical data collected in in the light of the updated structural resource models generated at Zone III.

These have confirmed new targets that were inadequately tested in the past. In the focus was on rapid underground diamond drilling activity to target and infill down-dip extensions of known zinc and gold lodes within Zone III using the advancing decline to provide new drill locations. Further progress has been made in the application of lithogeochemical data to provide an indicator of proximity to mineralisation. This work also included interpretation of a 3D structural model for Zone II.

This licence extension expires in July A single surface diamond drill hole was completed in to test for an extension of mineralisation along strike. As mineralisation exists at depth it was decided to retain the existing licence by transferring the licence to Yuanrun to allow its retention in the Hebei Hua Ao Group with the contractual right to be transferred back to Hebei Anglo in the future should a mining licence be applied for and granted over the area.

In work was confined to extending the existing agreement with the Third Brigade to obtain the relevant licences over these areas for Hebei Hua Ao when mining licencing resumes in Hebei Province. Once the Zone II mining licence is granted, underground drilling will commence to follow-up targets generated from the new structural model constructed from Zone III data.

Work will continue drilling exploration holes from the bottom level of the Zone III decline, with the aim to discover new lodes and extensions to currently known lodes, both down-dip and to the east and west. By the end of the link between the two Declines at the mRL and the development of the South Haulage Drive, in preparation for the commencement of development into Zone II, was successfully completed.

Importantly to improve ventilation in the mine, two new 5. Production results for the Caijiaying Mine in were broadly in line with and can be summarised as follows:. Whilst metal in concentrate recoveries were broadly maintained, optimising underground stope scheduling, pillar recovery and maximising economic extraction resulted in a zinc equivalent head grade of 5.

As a result:. With three fully-enclosed-cabin, tonne haulage trucks, being successfully introduced in , it is planned for the haulage contractor to add a further three trucks of the same capacity in to increase haulage capacity, which will also be aided by the introduction of a one way system underground with the construction of and via the South and North Declines. During underground development work was primarily focused on developing the future stoping horizons between the mRL and mRL levels.

This included linking the North and South Main Declines with 7,m of new drives in compared to 5,m in In addition, operational development totalling 3,m was completed in compared to 4,m in Long hole open stoping continues to be the predominant mining method. Asian shares rested at record highs on Thursday as investors digested recent meaty gains, though the promise of endless free money to sustain buying was reaffirmed by benign U.

Treasury Secretary Janet Yellen on Wednesday warned about an "explosion of risk" from digital markets, including the misuse of cryptocurrencies, but said new financial technologies could also help fight crime and reduce inequality. Mastercard Inc said on Wednesday it was planning to offer support for some cryptocurrencies on its network this year, joining a string of big-ticket firms that have pledged similar support.

Federal Reserve Chair Jerome Powell, citing the country's push after World War Two to find jobs for returning soldiers, on Wednesday called for a broad national effort to get Americans back to work after the pandemic, particularly minorities and workers ousted from lower-paying jobs.

The executors of Jeffrey Epstein's estate were accused on Wednesday of being the "indispensable captains" of the financier's sex trafficking scheme, escalating a legal battle that could delay compensation for Epstein's victims. Reuters provides several ways to securely and confidentially share information and materials with our journalists. Subscribe to our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox. World Home U. Markets Home U.

Dozens of former Republican officials in talks to form anti-Trump third party. Taiwan, U. Suu Kyi aide among new wave of arrests in Myanmar as Biden approves sanctions. Tokyo President Mori to resign over sexist comments - media. China's Geely sets out to become a force in electric cars. Pandemic dampens Lunar New Year celebrations.

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Click here for enlarged Map of the Caijiaying License Areas. The exploration programme at Caijiaying used a strategy of consolidation, with work completed to test mineralisation along strike in the northern deposit area and down-dip for extensions. Studies of areas outside the identified resource zones but still within the licence areas has involved reinterpretation of old geophysical data collected in in the light of the updated structural resource models generated at Zone III. These have confirmed new targets that were inadequately tested in the past.

In the focus was on rapid underground diamond drilling activity to target and infill down-dip extensions of known zinc and gold lodes within Zone III using the advancing decline to provide new drill locations. Further progress has been made in the application of lithogeochemical data to provide an indicator of proximity to mineralisation. This work also included interpretation of a 3D structural model for Zone II.

This licence extension expires in July A single surface diamond drill hole was completed in to test for an extension of mineralisation along strike. As mineralisation exists at depth it was decided to retain the existing licence by transferring the licence to Yuanrun to allow its retention in the Hebei Hua Ao Group with the contractual right to be transferred back to Hebei Anglo in the future should a mining licence be applied for and granted over the area.

In work was confined to extending the existing agreement with the Third Brigade to obtain the relevant licences over these areas for Hebei Hua Ao when mining licencing resumes in Hebei Province. Once the Zone II mining licence is granted, underground drilling will commence to follow-up targets generated from the new structural model constructed from Zone III data. Work will continue drilling exploration holes from the bottom level of the Zone III decline, with the aim to discover new lodes and extensions to currently known lodes, both down-dip and to the east and west.

By the end of the link between the two Declines at the mRL and the development of the South Haulage Drive, in preparation for the commencement of development into Zone II, was successfully completed. Importantly to improve ventilation in the mine, two new 5. Production results for the Caijiaying Mine in were broadly in line with and can be summarised as follows:. Whilst metal in concentrate recoveries were broadly maintained, optimising underground stope scheduling, pillar recovery and maximising economic extraction resulted in a zinc equivalent head grade of 5.

As a result:. With three fully-enclosed-cabin, tonne haulage trucks, being successfully introduced in , it is planned for the haulage contractor to add a further three trucks of the same capacity in to increase haulage capacity, which will also be aided by the introduction of a one way system underground with the construction of and via the South and North Declines.

During underground development work was primarily focused on developing the future stoping horizons between the mRL and mRL levels. This included linking the North and South Main Declines with 7,m of new drives in compared to 5,m in In addition, operational development totalling 3,m was completed in compared to 4,m in Long hole open stoping continues to be the predominant mining method.

The new paste fill plant was successfully commissioned in September with one double lift stope fully backfilled with paste fill and additional stope voids partially filled with cementitious paste. Existing and future stope voids will be paste filled. This year, those holidays commenced on the 24 January The Company therefore did not restart mining and underground development operations until after the Chinese New Year holidays on 21 February , in the mean time underground workings were placed on care and maintenance with essential services, including pumping and ventilation, maintained.

All essential and senior Chinese staff remained at Caijiaying whilst all foreign and non-essential local staff were sent home and placed on standby. Ore stockpiled at surface was processed until exhausted on the 30 January at which time the mill was placed on care and maintenance. The Caijiaying Mine was directed by Chinese authorities to restart all operations on the 21 February This severely impacted mining, but more critically, capital development of future mining stopes.

As a result, foreign national staff including senior management, geologists and mining engineers , are having to work remotely from their home countries of Australia and the United Kingdom via Skype and Zoom. This is having a limited short-term impact upon operations at the Caijiaying Mine but presents longer term mine planning issues.

In the meantime, with a full complement of Chinese staff, operations at the Caijiaying Mine continue as planned. Delivery of consumables, re-agents and spares necessary to safely and efficiently run operations have returned to normal. More than former Republican officials held a Zoom call on Feb. Asian shares rested at record highs on Thursday as investors digested recent meaty gains, though the promise of endless free money to sustain buying was reaffirmed by benign U. Treasury Secretary Janet Yellen on Wednesday warned about an "explosion of risk" from digital markets, including the misuse of cryptocurrencies, but said new financial technologies could also help fight crime and reduce inequality.

Mastercard Inc said on Wednesday it was planning to offer support for some cryptocurrencies on its network this year, joining a string of big-ticket firms that have pledged similar support. Federal Reserve Chair Jerome Powell, citing the country's push after World War Two to find jobs for returning soldiers, on Wednesday called for a broad national effort to get Americans back to work after the pandemic, particularly minorities and workers ousted from lower-paying jobs.

The executors of Jeffrey Epstein's estate were accused on Wednesday of being the "indispensable captains" of the financier's sex trafficking scheme, escalating a legal battle that could delay compensation for Epstein's victims. Reuters provides several ways to securely and confidentially share information and materials with our journalists. Subscribe to our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.

World Home U. Markets Home U. Dozens of former Republican officials in talks to form anti-Trump third party. Taiwan, U. Suu Kyi aide among new wave of arrests in Myanmar as Biden approves sanctions. Tokyo President Mori to resign over sexist comments - media.

China's Geely sets out to become a force in electric cars.