VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 14, 2011) - China Gold International Resources Corp. Ltd. (News - Market indicators)(SEHK:2099) (the "Company") is pleased to announce that April and May gold production at its Chang Shan Hao (CSH) gold mine in Inner Mongolia, China has reached 25,385 ounces compared to 13,324 ounces for the same period in 2010. The CSH mining operations saw an overall improvement in efficiency in the past year contributing to the increased production. The Company is also pleased to reiterate its production guidance for 2011 with gold production of 120,000 to 125,000 ounces. The Company's overall strategy is to increase gold production at its existing mining operations and through acquisition of gold mineral assets.
Dr. Xin Song, CEO for China Gold International commented "that the increased production at the CSH mine for April and May demonstrates the company's continuing growth momentum for 2011. The mineral resource at CSH has the potential to be greatly increased and the strategy to further expand our mining and processing capacities at the CSH gold mine is one of the company's primary goals."
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. 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.
