Nov 8 2010
China Gold International Resources Corp. Ltd. has announced intercepts of high grade gold mineralization at the Jiama copper poly metals project in the Gandise Metallogeny Belt in Tibet, China.
Results of the drill program include 47.3m grading 4.34 g/t gold and 1.75 g/t silver including 9.4m grading 17.75 g/t gold and 5.33 g/t silver at Jiama drill hole ZK4504 in the northwest corner of the Jiama Property. The gold mineralization is hosted in a quartz-diorite porphyry dike.
In addition, oxidized gold mineralization of 14.57m grading 6.5g/t gold and 8.4g/t silver was intercepted at the Elephant Back MT exploration property some five kilometers south east of the Jiama project.
These high grade gold intercepts represent new target areas. Further exploration may allow the company to define a large, stand alone ore body with high gold values. This would increase the gold production potential at the Jiama Project.
Dr. Song Xin, CEO of the Company commented: "The greater than half ounce per tonne, 9.4m high grade gold mineralization interval in the quartz-diorite porphyry dike suggest the potential for us to identify a high grade, standalone, bulk tonnage gold deposit at Jiama in addition to the existing large copper poly-metallic deposit. We will prioritize this zone for additional drilling targets next year."
Up to date, 89 holes amounting to 49,491 drilling meters of the proposed 50,000 meter drilling program have been completed at the Jiama Project. 5 other holes are still on-going. The assay results for a total of 9 holes (including ZK4504 and Elephant back MT ZK003) have been received since the news release on Sept. 28th of 2010.
SAMPLING, ASSAYING, QUALITY CONTROL AND QUALIFIED PERSON
Sample preparation and analysis for the Jiama drill core samples were undertaken by China Southwestern Metallurgic Geology Analytical Center ("Southwest Center") in Pengzhou, Sichuan Province, which is an accredited laboratory by the Chinese National Accreditation Board for Laboratories ("CNAL"), and Ministry of Land and Mineral Resources of China ("MOLR"). The Southwest Center set up a sample preparation facility in the Jiama core storage warehouse. Sample preparation was undertaken by the Southwest Center personnel. Drill core samples were cut in halves using a diamond saw first. One-half of the drill core was sampled and assayed using the standard analytic methods specified in "The Quality Administration Standards for Analysis in Geological and Mineral Resource Laboratories" (DZ0130-94) promulgated by the former Ministry of Geology and Mineral Resources of China. Gold grades were determined by an aqua regia + fluoride digestion, reactivated carbon concentration, and atomic absorption spectroscopy ("AAS") procedure. Copper, lead, zinc, molybdenum, and silver grades were determined using an aqua regia + hydrofluoric acid + perchloric acid digestion and Inductively Coupled Plasma Atomic Emission Spectrometry ("ICP-AES") or AAS procedure. All samples were analyzed for the above six metals. All the assays were completed at the Southwest Center. To maintain independent quality control on the laboratory, 2% of duplicate, blank and standard samples respectively are included in the all assay samples. The Southwest Center also uses an extensive range of internal standards. External check assays are routinely performed on check samples submitted independently by the Company to National Geological Sample Test Center in Beijing. Further information on the Jiama project and technical information surrounding the Jiama project can be found in a technical report on the Jiama Project dated September 9th 2010 entitled "Independent Technical Report on the Jiama Copper Polymetallic Project" and located on the Company's profile on Sedar at www.sedar.com. Quality control and assurance programs are implemented in line with the standards of National Instrument 43-101. The exploration program on the Jiama project is managed by Dr. Tang Juxin, a senior researcher from Geology Academy of China. It is supervised by Dr. Yingting (Tony) Guo, P.Geo., an exploration Manager of the Company and a Qualified Person as defined under National Instrument 43-101. Dr. Guo has visited the Jiama Project during Oct. 22nd -23rd, 2010, and supervised the scientific and technical information contained in this news release.
Source: China Gold International Resources Corp. Ltd.