Minco Gold Corporation

Published : February 18th, 2009

Minco Continues to Release Excellent Drill Results From Changkeng

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Minco Continues to Release Excellent Drill Results From Changkeng


Breaking News for February 17, 2009
Trading Symbol:
MMM:TSX

Minco Gold Corporation (the "Company" or "Minco Gold") (TSX:MMM)(NYSE Alternext US:MGH)(FRANKFURT:MI5) is pleased to report additional assay results of diamond drill holes completed for the Changkeng Gold Project located in Guangdong Province, China. The Company conducted a comprehensive exploration program on the project including approximately 12,000 metres of combined step out and in-fill diamond drilling in 61 holes. These 20 holes were primarily designed to confirm the earlier wider spaced positive drill results to a higher confidence level and to extend mineralization down dip.

An area of 120 by 120 m (sections 4 to 14) was in-filled with 9 drill holes that returned significant results. The 40 by 40 m spaced drilling will extend the higher confidence resources from the previous resource estimation completed in March 2008. Mineralization was also extended down dip in localized areas along the eastern end of the known mineralization. Please visit the Company's website at www.mincogold.ca to view a map of the drill hole locations.

Assay results are highlighted by the following intersections:

- CK2035    7.79 g/t gold over 6.90 m and 5.62 g/t gold over 7.80 m
 
- CK2037    5.86 g/t gold over 6.00 m, including 9.77 g/t gold over 3.00 m
 
- CK2038    7.31 g/t gold over 5.70 m and 7.83 g/t gold over 4.90 m
 
- CK2042    3.93 g/t gold over 36.70 m, including 6.30 g/t gold over 4.90 m
 
            and 5.22 g/t gold over 4.20 m
 
- CK2044    6.81 g/t gold over 3.85 m
 
- CK2048    5.93 g/t gold over 23.75 m, including 8.28 g/t gold over 5.55 m
 
            and 9.40 g/t gold over 7.00 m
 
- CK2050    3.41 g/t gold over 10.35 m and 8.33 g/t gold over 6.60 m
 
- CK2051    7.26 g/t gold over 8.55 m and 6.01 g/t gold over 4.32 m
 
 
--------------------------------------------------------------------------
                                                     Average Grade
                 From        To  Intercept   -----------------------------
Hole No.           (m)       (m)        (m)  Au(g/t)  Ag(g/t)  Pb(%)  Zn(%)
--------------------------------------------------------------------------
CK2013         118.70    120.50       1.80     1.17     2.56    n/a    n/a
--------------------------------------------------------------------------
                69.80     70.70       0.90     8.72     5.40
CK2015   ---------------------------------------------------    n/a    n/a
                79.00     81.00       2.00     5.11     6.70
--------------------------------------------------------------------------
                95.50     97.23       1.73     2.78     7.58
CK2033   ---------------------------------------------------    n/a    n/a
               119.47    122.88       3.41     4.74    17.69
--------------------------------------------------------------------------
               115.00    121.90       6.90     7.79    12.30
         ---------------------------------------------------
               132.35    134.30       1.95     1.94    11.62
CK2035   ---------------------------------------------------    n/a    n/a
               136.30    144.10       7.80     5.62    15.49
         ---------------------------------------------------
         incl. 140.30    143.15       2.85     9.99    13.90
--------------------------------------------------------------------------
                76.00     82.00       6.00     5.86     8.50
         ---------------------------------------------------
         incl.  77.00     80.00       3.00     9.77    14.00
CK2037   ---------------------------------------------------    n/a    n/a
                88.20     89.30       1.10     5.79    22.00
         ---------------------------------------------------
               114.00    114.75       0.75     4.14    16.00
--------------------------------------------------------------------------
               106.10    112.40       5.70     7.31    10.82
         ---------------------------------------------------
               114.10    121.00       4.90     7.83    12.59
         ---------------------------------------------------
               125.80    127.70       1.90     1.43     8.95
CK2038   ---------------------------------------------------    n/a    n/a
               135.70    139.40       3.70     1.12   229.00
         ---------------------------------------------------
               146.00    146.50       0.50     2.92   248.00
         ---------------------------------------------------
               151.90    152.30       0.40     1.20   156.00
--------------------------------------------------------------------------
               151.10    153.90       2.80     0.65   204.39
         ---------------------------------------------------
CK2039         178.05    179.05       1.00     0.31   433.00    n/a    n/a
         ---------------------------------------------------
               198.88    201.65       2.77     0.19    84.38
--------------------------------------------------------------------------
CK2041                       No Significant Results
--------------------------------------------------------------------------
               147.40    184.10      36.70     3.93    14.77
         ---------------------------------------------------
         incl. 162.20    167.10       4.90     6.30    15.61
CK2042   ---------------------------------------------------    n/a    n/a
         incl. 174.10    178.30       4.20     5.22    19.19
         ---------------------------------------------------
               184.10    184.85       0.75     0.72   223.00
--------------------------------------------------------------------------
                35.40     36.40       1.00     1.81     8.00
         ---------------------------------------------------
CK2043          36.40     45.80       9.40     3.46     5.86    n/a    n/a
         ---------------------------------------------------
         incl.  41.55     43.50       1.95     6.78    12.00
--------------------------------------------------------------------------
                44.15     48.00       3.85     6.81     7.87
CK2044   ---------------------------------------------------    n/a    n/a
         incl.  44.15     46.15       2.00     9.24    11.00
--------------------------------------------------------------------------
                53.75     55.70       1.95     1.49     4.54
CK2045   ---------------------------------------------------    n/a    n/a
                61.03     63.73       2.70     1.62     3.37
--------------------------------------------------------------------------
                98.30    100.80       2.50     1.93     2.60
         ---------------------------------------------------
CK2046         106.70    107.70       1.00     1.05     7.00    n/a    n/a
         ---------------------------------------------------
               112.85    113.75       0.90     2.09    27.00
--------------------------------------------------------------------------
               109.65    114.60       4.95     1.56     9.72
         ---------------------------------------------------
CK2047         136.00    144.00       8.00     3.59     4.25    n/a    n/a
         ---------------------------------------------------
         incl. 137.00    140.00       3.00     6.13     5.00
--------------------------------------------------------------------------
               137.65    161.40      23.75     5.93     7.40
         ---------------------------------------------------
         incl. 139.55    145.10       5.55     8.28    10.54
CK2048   ---------------------------------------------------    n/a    n/a
         incl. 153.40    160.40       7.00     9.40     9.70
         ---------------------------------------------------
               163.05    165.70       2.65     1.42     7.21
--------------------------------------------------------------------------
                56.14     58.90       2.76     4.57     7.12
         ---------------------------------------------------
                62.85     73.20      10.35     3.41     4.77
         ---------------------------------------------------
CK2050   incl.  68.70     72.35       3.65     5.52     7.12    n/a    n/a
         ---------------------------------------------------
                78.40     85.00       6.60     8.33     9.44
         ---------------------------------------------------
         incl.  78.40     82.30       3.90    10.99    12.00
--------------------------------------------------------------------------
                68.65     75.80       7.15     1.81     3.94
         ---------------------------------------------------
                75.80     84.35       8.55     7.26    11.95
CK2051   ---------------------------------------------------    n/a    n/a
         incl.  77.65     80.35       2.70    11.01    16.29
         ---------------------------------------------------
               102.15    106.47       4.32     6.01     6.74
--------------------------------------------------------------------------
               118.37    119.00       0.63     1.85     3.00
CK2052   ---------------------------------------------------    n/a    n/a
               126.15    126.85       0.70     5.88    25.00
--------------------------------------------------------------------------
                72.15     76.40       4.25     3.11     5.81
CK2054   ---------------------------------------------------    n/a    n/a
                78.40     80.40       2.00     1.27     3.00
--------------------------------------------------------------------------
               100.10    106.20       6.10     4.60     6.11
         ---------------------------------------------------
CK2055   incl. 102.55    105.15       2.60     6.70     9.30    n/a    n/a
         ---------------------------------------------------
               107.35    108.55       1.20     1.13     5.00
--------------------------------------------------------------------------

True widths for the mineralized zones are typically from 75% to 95% of the stated intercepts.

Minco Gold will continue to release the results from the drill program when all the necessary check sampling has been completed and verified on the Changkeng Gold project. The Company has also engaged P&E Mining Consultants Inc. to complete an updated NI 43-101 compliant resource estimation.

Samples were prepared and assayed at SGS - CSTC Standards Technical Company, TEDA Tianjin, PRC under the supervision of an International certified assayer. Samples were analyzed with fire assay with AAS finish for gold and aqua regia with an AAS finish for silver. Assay results were further checked internally at SGS. External check samples were also sent to ASL Chemex Laboratories in Guangzhou, Guangdong Province, PRC for additional check analysis. Reference materials were inserted by Minco geologists as part of a comprehensive quality assurance/quality control program.

Mr. Dwayne Melrose, P.Geo., Vice President Exploration for Minco Gold, has reviewed this news release and is the Qualified Person responsible for verification and quality assurance of the company's exploration data and analytical results.

About Minco Gold

Minco Gold Corporation (TSX:MMM)(NYSE Alternext US:MGH)(FRANKFURT:MI5) is a Canadian mining company involved in the direct acquisition and development of high-grade, advanced stage gold properties. The Company owns an exploration property portfolio covering more than 1,000 square kilometres of mineral rights in China. For more information on Minco Gold and its properties, please visit the website at www.mincomining.ca.

ON BEHALF OF THE BOARD

Dr. Ken Z. Cai, President & CEO

The statements that are not historical facts are forward-looking statements involving known and unknown risks and uncertainties which could cause actual results to vary considerably from these statements. The risks and uncertainties include those described in Minco Gold's annual report on Form 20-F filed with the U.S. Securities and Exchange Commission. Forward Looking Statements: Statements in this news are forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward looking statements are statements that are not historical facts and that are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including risks related to the exploration stage of the company's projects; market fluctuations in prices for securities of exploration stage companies; uncertainties about the availability of additional financing; uncertainties related to fluctuations in gold prices; the possibility that Minco Gold Corporation may change its plans with respect to one or more properties; and other risks and uncertainties described in the company's annual report on Form 20-F and Reports on Form 6-K filed with or furnished to the U.S. Securities and Exchange Commission. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.


FOR FURTHER INFORMATION PLEASE CONTACT:

Minco Gold Corporation
Ute Koessler

1-888-288-8288 or (604) 688-8002

Email:
info@mincomining.ca 
Website:
www.mincomining.ca 


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Minco Gold Corporation

EXPLORATION STAGE
CODE : MMM.TO
ISIN : CA60254D1087
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Minco Gold is a gold development stage company based in Canada.

Minco Gold holds various exploration projects in China.

Its main exploration properties are WHITE SILVER MOUNTAIN, GOBI GOLD, GOLD BULL MOUNTAIN, XIAOSHAN GOLD PROJECT, YANGSHAN GROUP (12 ELS) and CHANGKENG in China.

Minco Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 9.9 millions as of today (US$ 7.2 millions, € 6.7 millions).

Its stock quote reached its lowest recent point on July 27, 2001 at CA$ 0.11, and its highest recent level on December 29, 2006 at CA$ 3.17.

Minco Gold has 50 760 000 shares outstanding.

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Annual reports of Minco Gold Corporation
2008 Annual Report
Annual Report 2007
Project news of Minco Gold Corporation
2/18/2009(Changkeng)Minco Continues to Release Excellent Drill Results From Chan...
Corporate news of Minco Gold Corporation
6/30/2016Minco Gold Announces Annual General and Special Meeting Resu...
8/28/2015Minco Gold Provides Corporate Update
7/31/2015Minco Gold Announces Closing Of Sale of the Changkeng Gold P...
6/29/2015Minco Gold Announces Annual General and Special Meeting Resu...
7/25/2014Minco Gold Announces Sale of the Gold Bull Mountain Project
7/3/2014Minco Gold Commences Drilling Program on Its Baimashi North ...
6/2/2014Minco Gold Provide Corporate Update
7/3/2013Announces Annual General and Special Meeting Results
1/9/2013Provides Corporate Update
4/20/2012Commences Exploration Program on its Yejiaba Area
3/30/2012Expands Mineralization at Shajinba and Baimashi Gold Zones, ...
2/3/2012Provides Update on the Tugurige Gold Project
12/13/2011Director Resigns
9/8/2011
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