Zheng Guang Gold Project

The Zheng Guang gold project was successfully developed into one of the province of Heilongjiang's largest gold mines yet discovered. The joint venture established a 135 km² strategic ground position and delineated a JORC compliant Measured and Indicated resource of 740,000 ounces gold, 2.7 million ounces silver and 71,000 tonnes zinc.

Following a competitive tender the Company and its partner sold the Zheng Guang gold project for US$78 million in December 2009 to a private Chinese group.