Kismet Oberon Ltd
Kismet to date has assembled a portfolio of five gold projects in China, of which its two Hainan Island projects are considered by Snowden to have the best short-term potential.Kismet currently has an interest in two project areas on Hainan Island, the Fu Wen gold project in the north of the island and Bao Lun gold project in the south.
Fu Wen project
Kismet has the right to an 85% interest in a mining lease covering an area of 380 ha and a
surrounding exploration licence covering an area of 80.2 km2.
Bao Lun project
Kismet holds the right to a 63% interest in a mining lease covering an area of approximately 120 ha which contains the Bao Lun gold mine;
Jinshan project
Kismet has the right to acquire a 70% interest in a specified area of the Jinshan gold field, including two operating gold mines and several deposits, located in the northern part of the Jiangxi Province.
Shandong project
Kismet has the right to a 70% interest in a 30.6 km2 area surrounding a large open pit copper-gold mining operation in the Shandong province, which Snowden understands is China's premier gold producing region.
Yunnan project
Kismet has the right to an 80% interest in a 124 km2 exploration licence and two small mining leases located near the Myanmar border in the Yunnan province.
Categories :
Gold Links
News
China realizes gold is one of the only buy-and-hold investments in the world right now. And they've got a lot of money to spend,nearly $2 Trillion.
The Ministry of Land and Resources has completely rewritten the country's mining laws (known as the Minerals and Resources Law) to encourage local and foreign companies to explore for and produce more gold.
The government has also recently created the Shanghai Gold Exchange, to allow anyone to trade gold, on the open market, without government interference.