China Gold International's CSH Gold Mine Awarded Top 10 Most Productive Gold Mine in China
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/09/11 -- China Gold International Resources Corp. Ltd. (TSX: CGG)(HKSE: 2099) (the 'Company') is pleased to announce that on November 30, 2011, the Company's CSH Gold Mine ('CSH Mine') was awarded as one of Top 10 Most Productive Gold Mines in China in 2010 by China Gold Association.
'Management is honored to receive this recognition of the Company's ongoing efforts to develop and operate the CSH Mine. We are pleased with the progress to date and remain committed to increasing the resource at the project for potential future production expansion,' commented Dr. Xin Song, CEO of China Gold International Resources Corp. Ltd.
The CSH Mine was recognized as the fifth largest gold producing mine of China in 2010. The award was given to Inner Mongolia Pacific Mining Co. Ltd., a subsidiary of the Company, which owns and operates the CSH Mine.
About Chang Shan Hao Gold Mine (CSH)
The CHS gold mine is an open pit, heap leaching gold mine located in Inner Mongolia of China, approximately 210 kilometers northwest of the city of Baotou. Production has increased each year since commercial production was reached in 2008. The annual commercial gold production was 33,671 ounces in 2008, 83,570 ounces in 2009 and 111,000 ounces in 2010. Production for 2011 is estimated to reach 120,000 to 125,000 ounces. The Company has also completed its 2011 drilling program at the mine site, and a full evaluation on the mine's new resources is in progress.
About China Gold International Resources Corp. Ltd.
China Gold International Resources Corp. Ltd. 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 (TSX: CGG) and the Main Board of the Stock Exchange of Hong Kong Limited (the 'Hong Kong Stock Exchange') (HKSE: 2099). The Company has been designated as the overseas flagship vehicle of China National Gold Group Corporation, 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.
Contacts:
China Gold International Resources Corp. Ltd.
Investor Relations
1.604.609.0598 or 86.10.8413.5708
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