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
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Akana has announced the availability of version 8 of its API Management solution. The Akana Platform provides an end-to-end API Management solution for designing, implementing, securing, managing, monitoring, and publishing APIs. It is available as a SaaS platform, on-premises, and as a hybrid deployment. Version 8 introduces a lot of new functionality, all aimed at offering customers the richest API Management capabilities in a way that is easier than ever for API and app developers to use.
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved. In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...