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Mining industry

Chifeng Jilong Gold Mining Co., Ltd. Announces Significant Gold Discovery in Laos

Strategic Insights

— 1 min read

The Chifeng Jilong Gold Mining Co., Ltd. has made a groundbreaking announcement regarding the discovery of a gold-rich porphyry gold-copper deposit within the LXML Sepon concession area in Laos. The Company has released its first JORC-compliant Mineral Resources estimate, which includes significant gold and copper reserves. This discovery marks a major milestone in the exploration and development of the Sepon Mine in Laos.

Key Takeaways:

  • The Company has announced the discovery of a gold-rich porphyry gold-copper deposit within the LXML Sepon concession area in Laos, with a JORC-compliant Mineral Resources estimate of 131.5Mt of 0.81g/t AuEq.
  • The estimated contained gold equivalent metal is approximately 106.9t (approximately 3.44Moz).
  • The Mineral Resources estimate includes 93.7Mt of 0.86g/t AuEq for 80.4t (approximately 2.58Moz) gold equivalent in the Indicated Mineral Resources category and 37.8Mt of 0.70g/t AuEq for 26.5t (approximately 860,000oz) gold equivalent in the Inferred Mineral Resources category.
  • No Measured Mineral Resources or Mineral Reserves were estimated at this stage.
  • The Sepon exploration team commenced exploration reconnaissance work at the regional concession area in May 2024 and completed a phase 1 drilling campaign in late June 2025, involving 65 holes with a total of 35,460m of drilling.
  • SRK Consulting (China) Limited compiled the Mineral Resources estimate on 7 August 2025 after completion of geological modelling and resources estimate.

Statistics:

  • Mineral Resources estimate: 131.5Mt of 0.81g/t AuEq.
  • Contained gold equivalent metal: approximately 106.9t (approximately 3.44Moz).
  • Indicated Mineral Resources category: 93.7Mt of 0.86g/t AuEq for 80.4t (approximately 2.58Moz) gold equivalent.
  • Inferred Mineral Resources category: 37.8Mt of 0.70g/t AuEq for 26.5t (approximately 860,000oz) gold equivalent.
  • No. of holes drilled: 65 holes, with a total of 35,460m of drilling.
  • Time period for exploration: 14 months from reconnaissance to block modelling and JORC reports.

Sources:

  • Chifeng Jilong Gold Mining Co., Ltd. Announcement, available at: https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0807/2025080701316.pdf

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