China Gold International Resources Corp. Ltd. (TSX:CGG)(SEHK:2099) has announced an update on its exploration progress for 2010 at its CSH 217 gold mine in Inner Mongolia, China.
A total of 8 holes, (4187.57 meters) of diamond drilling were completed in 2010 including 6 holes (3428.29 meters) drilled to test for higher grade mineralization at depth, and 2 holes (759.28 meters) drilled to test the surface trenching intercepts of a new NW zone of gold mineralization discovered on the Company's contiguous exploration permit.
Highlights of the 2010 exploration program include intercepts of 144.50 meters grading 0.92 grams per tonne (g/t) gold in hole DDH101-1,134.30 meters grading 0.68 grams per tonne (g/t) gold in hole DDH9950-00, 14 meters grading 4.26 grams per tonne (g/t) gold in trench TC4 and 28 meters grading 0.34 grams per tonne (g/t) in trench TC2. Although the two holes drilled below the above two trenches failed to intercept significant gold mineralization, anomalous gold values were discovered and further drilling is planned for next field season to fully evaluate the potential for the NW zone.
"With the exploration achievement of the current stage, we are full of confidence in expanding the resources both down depth and in a new zone. The significant potential for resources growth on the CSH project is obvious and an aggressive 3 year exploration program is already in the planning stage to further increase our success at the CSH mine" said the Company CEO, Dr. Xin Song.
Mario Rossi, M.Sc., Min. Eng., of Geosystems International Inc., an Independent Qualified Person as defined by National Instrument 43-101 has reviewed the drill program, supervised the preparation of the scientific and technical information and verified the data supporting such scientific and technical information contained in this news release.
Source: China Gold International Resources Corp. Ltd.