 DRAGON MOUNTAIN GOLD LTD (“DMG”) is an ASX listed company operating almost entirely in China whose main focus is on the major Lixian Gold Project in Gansu Province. Lixian is shaping up to be a world class gold camp with numerous kilometre-scale deposits outcropping within the licence area. On June 30 2008, the first anniversary of its ASX listing, DMG announced an inferred 1.1 million ounce JORC-compliant resource which is additional to the significant Chinese classified resources defined within the project.
Feasibility and environmental studies have been undertaken and with the intention of moving towards early production, an application for Mining Area Demarcation approval has been lodged. This is the first step in applying for a Mining Licence.
DMG is a Perth based company which has been operating in China since 2003. Their effective interest in the Lixian Joint Venture is currently 76% increasing to approximately 82% with ongoing exploration and development funding targeting a multi-million ounce gold system.
Andrew will explain his company’s goals and objectives in a country that is receiving increasing focus for gold exploration and discovery.
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Jake Klein was appointed to President and CEO at the time of the company’s formation in June 2000 and was involved with Sino Mining International for the previous four years. Jake has overseen the development and growth of Sino that today has the vision of becoming the largest and most profitable sustainable producer of gold in China, a country that is now the largest gold producer in the world.