VANCOUVER, March 30, 2013 /CNW/ - China Gold International Resources Corp. Ltd. (TSX: CGG; HKEx: 2099) (the "Company" or "China Gold International Resources") announced that a landslide occurred at Jiama Mine's exploration area, a mine operated by Tibet Huatailong Mining Development Ltd., the wholly-owned subsidiary of China Gold International Resources Corp. Ltd.
83 people were trapped. The landslide occurred on March 29, 2013 at about 6 a.m. Beijing time, 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. On-site emergency rescue is being organized by local government. State media said the workers were buried early Friday when about 2 million cubic meters (2.6 million cubic yards) of mud, rock and debris swept through the mine and covered an area measuring about 1.5 square miles, according to a report from the Associated Press. One body was found.
Mr. Zhaoxue Sun, Chairman of the Company, senior management of the Company and its controlling shareholder, China National Gold Group Corporation ("CNG"), are on site to assist the rescue operation.
The management team of the Company has ceased the roadshow for 2012 year-end results and returned in China, doing their utmost to assist the rescue operation.
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 (CGG.TO) 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.
China Gold International Resources Corp. Ltd.