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Overview
The company's current activities in China are focused on the Midu regional joint venture project in Yunnan Province (south western China) and on the Huangnan joint venture with Western Mining Group in Qinghai province (western China). Western Mining Group is one of China's largest mining companies headquartered in Qinghai province.
Maxy holds a 75% interest in the Midu Joint Venture, covering a total of
189 km2. Gold mineralization zones have been identified and are being systemically explored. The main target is the Muluozuo zone, where extensive gold mineralization has been identified through tunnelling and trenches. Several high gold grade samples in colluvial sediments have also been assayed. Our partner, Yunnan Mining Geology Group (25%) is participating proportionally to exploration expenditures.
Maxy is earning a 50% interest in the Huangnan joint venture which includes 2 properties covering 203 km2. Exploration programs are on going.
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