News from June 24th (Correspondent Liu Guodong Liu Hongzhu)

On June 16, the "Shuiwangzhuang-Lijiazhuang Large-scale Gold Deposit Investigation and Evaluation Report of the Deep and Peripheral Gold Deposits in Zhaoyuan City, Shandong Province" undertaken by the Sixth Institute of Geology and Mineral Resources passed the expert review organized by the Shandong Provincial Department of Natural Resources. The scores were awarded the "excellent" report.

The expert group unanimously agreed that the results report has complete materials, clear organization, detailed and rich content, reasonable chapter arrangements, and has made important breakthroughs in prospecting and theoretical research. The project successfully implemented 3000m deep drilling on the Zhaoping fault zone, revealing that the maximum buried depth of the ore body exceeded 2800m, breaking through the bottleneck of deep resource exploration of the Zhaoping fault.

This confirms that the “Symmetry of the ore-bearing depth and the size of the ore body in the three major mineralization fault zones in northwestern Jiaozhou” proposed by the Sixth Institute of Geology and Mineral Resources is still instructive at the exploration depth of 3000m, which enables the Sixth Institute to apply the "Jiaojia-style mineralization theory" The depth has been advanced from 2000m to nearly 3000m. Relying on the publication of the project results and two papers in EI journals, the influence of the Sixth Institute's "Jiaojia-style mineralization theory" in actual prospecting is further expanded. In the next step, the project team of the Sixth Institute will further modify and improve the results report based on the opinions of the expert group, and complete the task of filing and submitting the report.