Henan Faende Company made a significant breakthrough in the exploration of silver and gold mines.

Luoning County is located on the Yinxiongshan silver-gold polymetallic metallogenic belt in western Henan, with good metallogenic conditions and exploration potential. It is an important production area for silver and gold mines in China and a key exploration target area. Henan Faende is located here. With silver hidden in the earth, mining brings out its brilliance. Established in August 2004, Henan Faende focuses on geological exploration and development operations mainly in lead-zinc-silver mines in western Henan. After 20 years of steady development, it has grown into one of the most important silver and lead-zinc producers in China, consistently ranking among the "Top 10 Chinese Silver Producers", continuously providing silver raw materials for China's green energy industry. As a resource-based enterprise, how to ensure sustainable and high-quality development? Henan Faende understands the principle of "having surplus food in hand and not panicking in mind". The company's geological team follows the laws of geological work, thoroughly analyzes and addresses risks around geological resource enhancement, proposes bold measures and strategies, and promotes deep and practical geological exploration work. "From 2004 to 2024, the company has completed a total of 2.65 million meters of drilling and over 850,000 meters of trenching. In 2025, the plan is to complete over 250,000 meters of drilling and nearly 70,000 meters of trenching. During the implementation of the project, we fully leverage our technical advantages in mining exploration and simultaneous production and exploration, putting scientific exploration concepts into practice, achieving major breakthroughs in mining in the production mine." introduced Shi Haisong, head of the Geological Exploration Department of Henan Faende. Among them, the exploration of the Longmen East Gully gold mine has made significant breakthroughs, continuously discovering multiple gently sloping copper-gold veins such as LM50, LM52, LM53, LM22, and LM28, with an expected gold resource of 50-100 tons. In addition, in the work of re-starting the shallow and deep exploration of the Tie Luping-Longmen silver-lead-zinc mine, a large number of high-silver veins have been discovered and explored, with an expected ore volume of over 9.5 million tons, silver of over 1,700 tons, and lead-zinc of nearly 250,000 tons. This area is currently the main target area for the company to explore high-grade (copper) gold and silver mines. The exploration activities in the Shagou and Haopingou mining areas have also yielded fruitful results. Increasing exploration projects around the vein's periphery is an effective way to expand resource reserves. With the implementation of the exploration plan for blank areas and new veins in Luoning mining area such as Xigou and Tie Luping, it is expected to discover new target areas and ore bodies outside the existing veins, leading to a new breakthrough in exploration and resource enhancement, thereby consistently expanding the scale of mine production and extending the mine's service life. "Over the years, Henan Faende has brought reliable resource guarantees for sustainable mine development through large-scale and high-intensity exploration project investments." said Wang Xiuquan, Vice President of Resources and Environment at Henan Faende. In addition to offsetting production consumption, the remaining resource reserves have achieved significant annual increases. Currently, the confirmed lead-zinc metal resources in the mining rights area are approximately 1.5 million tons, and the silver-gold metal resources are approximately 7,000 tons, reaching super large-scale levels, which is the most important exploration achievement in recent years for silver-lead polymetallic deposits in western Henan. Based on current capacity calculations, the remaining mine service life is still over 20 years. In 2024, benefiting from the strong support of gold, silver, and other precious metal prices, Henan Faende achieved a historical breakthrough in operating performance, ranking 59th on the "2024 Luoyang Top 100 Enterprises List", an increase of 8 places compared to the 2023.