Welcome!

News Feed Item

Minco Gold Commences Drilling Program on Its Baimashi North Gold Target and Announces Annual General Meeting Results

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/03/14 -- Minco Gold Corporation (TSX: MMM)(NYSE MKT: MGH)(FRANKFURT: MI5) ("Minco Gold" or the "Company") is pleased to announce that the Company has started a drilling program on its Baimashi North target located in the Yejiaba region of Gansu Province, China. The drilling program, consisting of 1,200 m core drilling in 6 holes (please see attached map for hole locations), is designed to test a target area of roughly 1,200 m long and 600 m wide with strong gold anomalism as defined by the Company's exploration program last year.

Gold mineralization at Baimashi North is largely hosted within Triassic-age, thin-bedded phyllitic limestone on the hanging-wall side of a major E-W striking, northward dipping thrust fault. Mineralization is concentrated along high angle NE, N-S, and NW trending faults and carbonate veins and displays a strong spatial association with altered syenite and diabase dikes and sills. The gold target can be characterized as a low sulfide, low silica orogenic-type gold system that is dominated by carbonate veining and carbonate (ankerite) alteration. It has a similar geological setting to a number of gold deposits in the surrounding 30 km long Qinling / Yangshan Gold Belt, which contains China's second largest gold endowment with about 308 tonnes gold in six major deposits controlled by a number of Chinese national companies, the largest of which is the Anba Gold Deposit, with about 281 tonnes of contained gold at 4.77 g/t, (reference: Li et al, 2014)(i).

The Company conducted an initial exploration program on the property last year comprising detailed geologic mapping, rock sampling, and soil sampling. The 247 rock samples collected within an area of approximately 1,200 m long by 600 m wide run from 0.005 to 47.115 ppm Au and average 1.49 ppm. Channel samples collected from abandoned tunnels by Minco geologists this past May returned 7.5 m (true thickness) averaging 2.133 g/t including a higher grade core of 1.7 m (true thickness) at 5.1 g/t. The Baimashi North target has good potential to host a substantial bulk tonnage gold deposit.

To view the map accompanying this press release, click on the following link: http://media3.marketwire.com/docs/955779f.jpg

Qualified Person - Thomas Wayne Spilsbury, P.Geo, a consultant to Minco Gold, a qualified person as defined by NI 43-101, has reviewed and approved the scientific and technical content of this news release.

The Company reports that the nominees listed in the management information circular for the 2014 Annual General Meeting of shareholders were elected as directors of Minco Gold as well as the approval of the appointment of the Auditors. Detailed results of the vote for the election of directors and auditors held at the Annual General and Meeting on June 26, 2014 in Vancouver, BC, are set out as follows:



---------------------------------------------------------------------------
                                                         Votes      % Votes
                           Votes for  % Votes for     withheld     withheld
---------------------------------------------------------------------------
Ken Z. Cai                 5,864,756        93.09      435,285         6.91
---------------------------------------------------------------------------
Robert Callander           5,849,958        92.86      450,083         7.14
---------------------------------------------------------------------------
Malcolm Clay               5,835,190        92.62      464,851         7.38
---------------------------------------------------------------------------
Michael Doggett            5,843,858        92.76      456,183         7.24
---------------------------------------------------------------------------
Appointment of Auditors   17,920,267        96.85      582,051         3.15
---------------------------------------------------------------------------

About Minco Gold

Minco Gold Corporation (TSX: MMM)(NYSE MKT: MGH)(FRANKFURT: MI5) is a Canadian mining company involved in the direct acquisition and development of high-grade, advanced stage gold properties. The Company owns a 51% equity interest in the Changkeng Gold Project.

The Company also owns a 100% interest in the Longnan projects with 10 exploration permits, located in Gansu Province, China; as well as 11 million shares (approx. 18.45%) of Minco Silver Corporation. For more information on Minco Gold and its properties, please visit the website at www.mincomining.ca.

Forward Looking Statements:

The preceding includes forward looking statements, including plans for the further extension of our exploration program. Actual plans and results of exploration activities may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual plans to differ materially are the Corporation's ability to raise future financing and other risk factors listed from time to time in our SEC reports and our reports filed with Canadian securities regulators. We disclaim any intent to update forward looking information except to the extent required by applicable securities laws.

(i) Reference made to the gold endowment of the Qinling / Yangshan Gold Belt, this should be considered as an historic estimate, described here as contained gold and grade which is the terminology of the original source. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves; and the Company is not treating the historical estimate as current mineral resources or mineral reserves. Original reference:

Li, N., Deng, J., Yang, L., Goldfarb, R.J., Lei, S., Koenig, A., and Lowers, H. 2014, Paragenesis and geochemistry of ore minerals in the epizonal gold deposits of the Yangshan gold belt, West Qinling, China. Mineralium Deposita (2014) vol. 49 p427-449.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
Redis is not only the fastest database, but it has become the most popular among the new wave of applications running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 18th Cloud Expo, Dave Nielsen, Developer Relations at Redis Labs, will shares the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, will discuss how leveraging the Industrial Interne...
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
Struggling to keep up with increasing application demand? Learn how Platform as a Service (PaaS) can streamline application development processes and make resource management easy.
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., will focus on real world deployments of DDoS mitigation strategies in every layer of the network. He will give an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He will also outline what we have found in our experience managing and running thousands of Linux and Unix managed service platforms and what specifically c...
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
The demand for organizations to expand their infrastructure to multiple IT environments like the cloud, on-premise, mobile, bring your own device (BYOD) and the Internet of Things (IoT) continues to grow. As this hybrid infrastructure increases, the challenge to monitor the security of these systems increases in volume and complexity. In his session at 18th Cloud Expo, Stephen Coty, Chief Security Evangelist at Alert Logic, will show how properly configured and managed security architecture can...
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
Unless you don’t use the internet, don’t live in California, or haven’t been paying attention to the recent news… you should be aware that self-driving cars are on their way to becoming a reality. I have seen them – they are real. If you believe in the future reality of self-driving cars, then continue reading on. If you don’t believe in the future possibilities, then I am not sure what to do to convince you other than discuss the very real changes that will roll out with the consumer producti...
A critical component of any IoT project is the back-end systems that capture data from remote IoT devices and structure it in a way to answer useful questions. Traditional data warehouse and analytical systems are mature technologies that can be used to handle large data sets, but they are not well suited to many IoT-scale products and the need for real-time insights. At Fuze, we have developed a backend platform as part of our mobility-oriented cloud service that uses Big Data-based approache...