VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 19, 2011) - China Gold International Resources Corp. Ltd. (the "Company") (News - Market indicators)(SEHK:2099) is pleased to provide an update on its NI 43-101 compliant resource estimation at its Jiama Copper-Gold Poly-metallic project in China. The results from the 2010 drill program will be incorporated with the already established resources. China Gold International Resources Corp. Ltd. expects the final results of the updated resource estimation by the end of August 2011. One of the Company's key objectives for the Jiama mine is to seek to expand beyond the current 6,000 TPD production capacity, and the updated resource estimation is part of those efforts.
Dr. Xin Song, CEO for China Gold International commented, "The potential to expand the Jiama deposit to a size where extensive work could begin to determine the economics of an expanded open pit mining operation is very exciting for China Gold International Resources Corp. Ltd. The Jiama deposit as an asset for the Company and its development is significant to the company in its plans to becoming a world leader in mining."
About China Gold International Resources Corp. Ltd.:
The Company is a mineral development company focused on acquisitions, exploration, development, mining and processing of gold and other non-ferrous metals. The Company is listed on the Toronto Stock Exchange (News - Market indicators) and the Main Board of the Stock Exchange of Hong Kong Limited (SEHK:2099). The Company has been designated as the overseas flagship vehicle of China National Gold, the only gold producer in China directly controlled by the State-owned Assets Supervision and Administration Commission of the State Council.
Forward-looking statements
Certain statements made herein, and other statements relating to matters that are not historical facts and statements of our beliefs, intentions and expectations about developments, results and events which will or may occur in the future, constitute "forward-looking information" within the meaning of applicable securities legislation. Information regarding production data has come from mining operations and will be reviewed before next financials. Forward-looking information and statements are typically identified by words such as "anticipate", "could", "should", "expect", "seek", "may", "intend", "likely", "plan", "estimate", "will", "believe" and similar expressions suggesting future outcomes or statements regarding an outlook. All such forward-looking information and statements are based on certain assumptions and analysis made by China Gold International Resources Corp. Ltd.'s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading "Risks and Uncertainties" elsewhere in the Company's MD&A filed at www.SEDAR.com. The reader is cautioned not to place undue reliance on forward-looking information or statements. Except as required by law the Company does not assume the obligation to revise or update these forward looking statements after the date of this document or to revise them to reflect the occurrence of future, unanticipated events.
