Highlights
· The three exploration permits, namely Hongling, Junying and Hongtianqidui, are totaling 60.48km2, and
100% owned by HT Mining (Beijing) Limited Company;
· The Pingyuancun Cupper Prospect is of high grade copper averaging over 1% copper with some
10-20g/t Ag, showing the characteristics of ¡°sandstone hosted copper¡± with very significant potential;
· The Junying Fe-Co Prospect contains significant Fe-Co orebodies, it in a belt parallel to, and only 20km
from the high grade, large Shi Lu Iron Mine belt. The mineralization is widely spread in the Carboniferous
meta-sedimentary rocks, and may be also related to a nearby andisite. All the characteristics of tectonic
background, the host rock unit, and particularly the Fe-Co association with local high Cu, are comparable
with the Shi Lu Iron Deposit. There is great potential to find a big Fe-Co deposit as indicated by the
magnetic anomalous;
· The Hongling Iron Prospect occurs in the pre-Devonian meta-sedimentary rocks. The ore grade ranges
40.26%-67.12% total Fe. There are wide-spread iron mineralization in the whole Hongling-Junying
area, therefore, there is the potential to find a large scale iron deposit in the area;
· The Hongling Gold Prospect is hosted in the Silurian phyllite. Our detailed geochemical work indicates
strong geochem anomalous of Au-Ag-As-Sb. Further geological mapping and trenching have
discovered some auriferous quartz vein systems.
Overview
The Hongling-Junying Cu-Au-Fe-Co exploration project is located in Zhanzhou area, some 160km SW
of Haikou, the capital city of the Hainan Island Province. The main roads run through most of the
prospect areas. The two exploration permits of the Hongling-Junying Cu-Au-Fe-Co project, totaling
of 53.8km2, are 100% owned by our HT Mining (Beijing) Limited Company. We have been carrying out
significant geochemical and geophysical work as well as significant trenching and drilling work since
2006.
Regional Geology
The properties are located in the western part of the Hainan Island, tectonically belonging to the NW
of Wuzhishan Fold-Belt, and in eastern part of the Junying fault graben. The main rock units are the
pre-Devonian silica-carbonate sedimentary rocks, actinolites, and meta dolomite, hosting the Hongling iron
deposit and the Pinyuancun copper deposit; the Silurian phyllite hosting the Hongling gold mineralization;
and the Carboniferous meta-sedimentary rocks hosting Fe-Co orebodies.
The Hongling gold mineralization occurs in the Silurian Tuolie phyllite. The significant Baolun Gold
Deposit, which contains over 2Moz gold of high grade, occurs in the same rock units. Detailed
geochemical work identified strong geochemical anomalous of Au, Ag, As and Sb in this area. The
follow up geological mapping and trenching discovered some auriferous quartz veins. The potential
may be significant.
Junying: a large Fe-Co deposit of the Shi Lu Iron
There is a Variscan Junying diorite (293 Ma) in the eastern part of the prospecting area near the major
Fe-Co mineralization. Strong magnetic geophysical anomalous is spatially related to the Fe-Co
mineralization. The iron mineralization is wide-spread; the iron orebodies are normally composed by
6-7 layers, totaling 15-70m in thickness, 50-170m long and extending for over 200m along the dip.
The Fe grade is normally 50.5-59.5%. The Co orebodies appear to be spatially associated with the iron
orebodies, normally within 30m of the footwalls and the hanging walls of the iron orebodies; they occur
in the fractured rocks as veins, 65-170m long, and up to 6.4m wide. The Co contents are typically of
0.08-0.15%. All the characteristics of tectonic background, the host rock unit, and particularly the Fe-Co
association with local high Cu, are comparable with the Shi Lu Iron Deposit. There is great potential to
find a large Fe-Co deposit of the Shi Lu Iron Deposit type.
