VANCOUVER,
April 2, 2013 /PRNewswire/ - China
Gold International Resources Corp. Ltd. (TSX: CGG) (HKEx: 2099)
(the "Company" or "China Gold International Resources") reports
that the Company and its controlling shareholder China National
Gold Group Corporation ("CNG") are fully engaged in assisting the
government with rescue work after the landslide occurred in Ze Ri
Mountain, Pu Lang Valley, Si Bu Village, Zha Xi Gang Town, Mozhugongka County, Lhasa
City, Tibet Autonomous Region of the
People's Republic of China (the "Site").
The landslide occurred on March 29, 2013 at about 6
a.m. Beijing time.
This rescue work is top priority for the Chinese Central Government
and the Government of the Tibet Autonomous Region who are heading
the on-site emergency rescue. The 83 workers buried in the
landslide are employed by 4 external independent contractors
engaged by Tibet Huatailong Mining Development Ltd, the Company's
wholly-owned subsidiary. The senior management of the Company and
CNG, are assisting the rescue operation at the Site. Approximately
10,000 pieces of relief materials, 129 sets of machinery, equipment
and vehicles and more than 1,000 experts have been deployed by the
Company to the site, immediately after the landslide. CNG has
immediately assembled the emergency rescue team which belongs to
its subsidiary, the Inner Mongolia Bao Tou Xinda Gold Mining
Industry Co., Ltd., and rushed the professional rescue equipment to
the disaster site.
About 2 million cubic meters of rock and debris
covered an area measuring about 3 kilometers in length. Jiama Mine
production facilities are about 10 km away from the geological
disaster site. No substantial impact and no damage on Jiama Mine's
facilities occurred. The operations are ongoing. While continuing
operations, some personnel as well as machinery and equipment have
also been mobilized for rescue efforts at the same time.
Mr. Zhaoxue Sun,
Chairman of the Company, stated, "Our deepest condolences go to the
family, friends and fellow workers of the victims. Our primary
objective at this time is to do our utmost to assist the government
in their rescue and recovery efforts. The Company's people-oriented
ideology has always been and will unswervingly be implemented in
our future operations."
The management team of the Company will keep
providing updates on any potential effect of this disaster on the
Company.
About China Gold International
Resources
China Gold International Resources Corp. Ltd. is
based in Vancouver, BC,
Canada and operates both
profitable and growing mines, the CSH Gold Mine in Inner Mongolia,
and the Jiama Copper-Polymetallic Mine in Tibet Autonomous Region
of the People's Republic of China.
The Company's objective is to continue to build shareholder value
by growing production at its current mining operations, expanding
its resource base, and aggressively acquiring and developing new
projects internationally. The Company is listed on the Toronto
Stock Exchange (TSX: CGG) and the Main Board of The Stock Exchange
of Hong Kong Limited (HKEx:
2099).
Cautionary Note About Forward-Looking
Statements
Certain information regarding China Gold
International Resources contained herein may constitute
forward-looking statements within the meaning of applicable
securities laws. Forward-looking statements may include estimates,
plans, expectations, opinions, forecasts, projections, guidance or
other statements that are not statements of fact. Although China
Gold International Resources believes that the expectations
reflected in such forward-looking statements are reasonable, it can
give no assurance that such expectations will prove to have been
correct. China Gold International Resources cautions that actual
performance will be affected by a number of factors, most of which
are beyond its control, and that future events and results may vary
substantially from what China Gold International Resources
currently foresees. Factors that could cause actual results to
differ materially from those in forward-looking statements include
market prices, exploitation and exploration results, continued
availability of capital and financing and general economic, market
or business conditions. The forward-looking statements are
expressly qualified in their entirety by this cautionary statement.
The information contained herein is stated as of the current date
and subject to change after that date.
SOURCE China Gold International Resources Corp. Ltd.
