Tianshan offloads Chinese assets

XIAMEN Hengxin Group has executed a binding sale and purchase agreement for the Chinese assets of Australia-listed Tianshan Goldfields in a deal worth $US22.5 million ($A24.5 million).

Tianshan offloads Chinese assets Tianshan offloads Chinese assets Tianshan offloads Chinese assets Tianshan offloads Chinese assets Tianshan offloads Chinese assets

Tianshan’s primary asset is the 90%-owned Gold Mountain project, which has resources of 94.7 million tonnes grading 0.87 grams per tonne gold for 2.64 million ounces of gold.

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