Yinfu Gold Corp. Acquires Interest in Six Gold & Copper Claims
17 Diciembre 2012 - 7:30AM
Yinfu Gold Corporation ("Yinfu") (OTCQB:ELRE) through its wholly
owned subsidiary, Element Resources International Limited, has
entered into a definitive agreement to acquire a 70% interest In
Xinjiang Tianshengweiye Investment Co., Ltd., Xinjiang, China.
Xinjiang owns the following gold and copper claims:
(a) Copper Mine Reconnaissance in the East of Daqing Gerry
River, Qinghe County, Xinjiang Province. Certificate NO.
T65120081202020999 Period of Validity: March 2, 2012 to March 2,
2013. 100% interest.
(b) Gold Mine Reconnaissance in the West of Daqing Gerry River,
Qinghe County, Xinjiang Province. Certificate NO.
T65120081202020895 Period of Validity: March 2, 2012 to March 2,
2013. 100% interest.
(c) Tasikake Copper Mine Reconnaissance in Fuyun county,
Xinjiang Province. Certificate NO. T65120081202020993, Period of
Validity: March 22, 2012 to March 22, 2013. 100% interest.
(d) Gold Mine Detailed Survey in the Northwest of Sensha Water
Mountain, Heshuo Country, Xinjiang Province. Certificate NO.
T65120080202006459 Period of Validity: July 3, 2012 to July 3,
2015. 60% interest.
(e) Keler Nebrack Gold Mine Detailed Survey in Habar Country,
Xinjiang Province. Certificate NO. T65120091102036631 Period of
Validity: January 18, 2012 to January 18, 2013. 60%
interest.
(f) Kubatie Lead Zinc Mine Detailed Survey in Fuyun Country,
Xinjiang Province. Certificate NO. T65120101002042315 Period of
Validity: July 3, 2012 to July 3, 2015. 60% interest.
Yinfu management negotiated terms to acquire a 70% ownership of
the Xinjiang Tianshengweiye Investment Co., Ltd., for 58.48 million
restricted Yinfu Gold shares. Yinfu CEO, Tsap Wai Ping commented,
"Acquiring these six gold and copper claims is a tremendous
achievement for the Company and business going forward into 2013.
We plan to extend the period of validity for the claims that are
expiring in 2013 and apply for exploration and then mining licenses
for the six properties. Further, we plan to appoint a
geological firm to carry out drilling with a goal of producing a
43-101 report."
About Yinfu Gold Corp.
Yinfu Gold Corp. is a mineral exploration and mining company
incorporated in the state of Wyoming and trades on the OTCQB under
the symbol "ELRE." The transfer agent is Transfer Online, Inc. of
Portland, Oregon.
Forward-Looking Statements
Statements, which are not historical facts, are forward-looking
statements. The Company, through its management, makes
forward-looking public statements concerning its expected future
operations, performance and other developments. Such
forward-looking statements are necessary estimates reflecting the
Company's best judgment based upon current information and involve
a number of risks and uncertainties, and there can be no assurance
that other factors will not affect the accuracy of such
forward-looking statements. It is impossible to identify all such
factors, which could cause actual results to differ materially from
those estimated by the Company. They include, but are not limited
to, government regulation, managing and maintaining growth, the
effect of adverse publicity, litigation, competition and other
factors which may be identified from time to time in the Company's
public announcements.
CONTACT: Mr. Tsap Wai Ping
info@yinfugold.com or
tommytsap@yinfucorp.com
www.yinfucorp.com
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