GobiMin Inc., together with its subsidiaries, is engaged in the exploration, development and exploitation of mineral properties, mainly in the Xinjiang Uygur Autonomous Region of China.
GobiMin holds 70% equity interest of Sawayaerdun Gold Project. The Gold Project is estimated to contain Indicated resources of approximately 2.3 million oz gold with average grade of 1.3 grams/tonne and Inferred resources of approximately 1.9 million oz gold with average grade of 0.8 grams/tonne according to the NI 43-101 report prepared by a Qualified Person as defined in NI 43-101, Mr. Philip A. Jones, issued in April 2012. Subject to progress of the exploration and drilling program, GobiMin will from time to time review and update the resource estimate in accordance with NI 43-101 standards.
GobiMin also owns equity interests in four base metals exploration companies for nickel, copper, gold in Xinjiang, China. GobiMin also holds a 48.02% equity interest in a silver operation and 8% in Yanxi Copper Project.
With its healthy financial position, GobiMin is progressively developing the Sawayaerdun Gold Project and actively seeking for high quality exploration and mining projects.
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