Yinfu Gold Sells Three Mining Claims
11 Diciembre 2013 - 7:58AM
Yinfu Gold Corp. ("Yinfu" or the "Company") (OTC:ELRE), a Nevada
Corporation, announced today that it has sold its 70% interest in
three mining claims in China's Xinjiang Province.
The Company is selling its 70% interest in three gold claims to
Apolo Gold & Energy, Inc. and will receive six million APLL
restricted shares valued at US$1.2 million for the following
claims:
(a) |
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
27, 2014. |
|
|
(b) |
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. |
|
|
(c) |
Keler Nebrack Gold Mine Detailed Survey in
Habar Country, Xinjiang Province. Certificate NO.
T65120091102036631 |
|
Period of Validity: January 18, 2012 to
February, 20, 2015. |
The claims have not yet been explored for commercially viable
quantities of minerals.
Tommy Tsap, CEO commented, "We are pleased to make this sale to
APLL and realize a profit."
The Company recently started filing on the OTC Alternate
Reporting Standard and targets to be current soon.
About Yinfu Gold Corp.
Yinfu Gold Corp. is a mineral exploration and mining company
incorporated in the state of Wyoming and trades on the OTC under
the symbol "ELRE." The transfer agent is Transfer Online, Inc. of
Portland, Oregon. In October 2012, the Company acquired a 70%
interest in the Dayu Gold Mine, Zhaoping County, Hezhou, in the
Province of Guanxi, China. The concession, consists of one
claim with an area of 15.31Km2. The mine has been in production
since May 2011 and produces 150 tons of ore per day, with an
average of 2.03g / ton of gold. Average monthly revenues amount to
RMB 1.85 Million (Approximately US$294,000).
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: For up-to-date corporate information about the Company:
Mr. Tsap Wai Ping
info@yinfugold.com or
tommytsap@yinfucorp.com
www.yinfucorp.com
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