Minco Gold Defines Significant Poly-Metallic Mineralization at Yejiaba Property
23 Mars 2010 - 2:00PM
Marketwired
Minco Gold Corporation (the "Company" or "Minco Gold") (TSX:
MMM)(NYSE Amex: MGH)(FRANKFURT: MI5) is pleased to announce that a
large poly-metallic and gold mineralization trend within a regional
unconformity has been defined on its 100% owned Yejiaba property
located in Gansu Province, P.R.C. The mineralized structural trend
is over 10 kilometres in length with some portions of the trend
located outside of Minco's property. In the southwest portion of
the structural trend poly-metallic (iron - silver - lead - zinc)
mineralization is located in the hanging wall while the gold
mineralization is located in the footwall in the northeast portion
of the structural trend. Please see to the property map with sample
results on the Minco website.
In the Shajinba area, a large poly-metallic mineralized zone 5
to 25 metres in width was identified during the 2009 exploration
program which consisted of traversing and trenching. The regional
unconformity divides massive hanging wall limestone with the
heavily folded thin-bedded footwall limestone which are intruded by
highly altered dykes. High contents of iron, silver, lead and zinc
are characteristic for this style of mineralization in the Shajinba
area.
Continuous channel sample results from surface trenches
completed are as follows:
----------------------------------------------------------------------------
Sample No. Average Grade Alteration
Width --------------------------------------------------------
(m) Ag(g/t) Pb(%) Zn(%) Fe(%)
----------------------------------------------------------------------------
YJB-09-2250
to 2.3m 89.00 0.27 0.01 - Silicification with limonite
YJB-09-2252 and antimonite
----------------------------------------------------------------------------
YJB-09-2269
to 11.0m 4.24 5.09 0.65 29.5 Silicification with hematite,
YJB-09-2279 pyrolusite
----------------------------------------------------------------------------
YJB-09-2430 1.1m 71.0 0.14 0.004 - Silicification
----------------------------------------------------------------------------
YJB-09-2487
to 8.0m 102.8 0.15 0.17 26.1 Silicification with hematite,
YJB-09-2494 pyrolusite
----------------------------------------------------------------------------
YJB-09-2561
to 3.0m 117.9 0.55 0.18 31.5 Silicification with hematite,
YJB-09-2563 pyrolusite
----------------------------------------------------------------------------
YJB-09-2585
to 5.0m 100.2 1.25 0.11 46.6 Silicification with hematite,
YJB-09-2589 pyrolusite
----------------------------------------------------------------------------
YJB-09-2631
to 2.0m 169.7 1.15 0.32 41.5 Silicification with hematite,
YJB-09-2632 pyrolusite
----------------------------------------------------------------------------
Gold mineralization occurs within the northeast portion of the
altered structural trend and other structural zones within the
Yejiaba property returned the following results:
-----------------------------------------------------------------
Width
Sample No. (m) Ag(g/t) Au (g/t) Alteration
-----------------------------------------------------------------
YJB-09-049
to 3.0 - 1.46 Silicification with hematite
YJB-09-051
-----------------------------------------------------------------
YJB-09-2394 0.8 322 2.66 Silicification with hematite
-----------------------------------------------------------------
YJB-09-2046
to 3.0 - 0.52 Silicification with hematite
YJB-09-2048
-----------------------------------------------------------------
In 2010 Minco will continue to explore and define this
favourable target with further sampling, trenching, traversing,
geophysics, and potentially diamond drilling.
Samples were prepared and assayed at SGS - CSTC Standards
Technical Company, TEDA Tianjin, PRC under the supervision of an
International certified assayer. Samples were analyzed with fire
assay with AAS finish for gold and aqua regia with an AAS finish
for silver. External check samples were sent to Intertek
Laboratories in Beijing, PRC for additional check analysis.
Mr. Dwayne Melrose, P.Geo. Vice President Exploration for Minco
Gold, has reviewed this news release and is the Qualified Person
responsible for verification and quality assurance of the company's
exploration data and analytical results.
About Minco Gold
Minco Gold Corporation (TSX: MMM)(NYSE Amex: 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 an exploration property portfolio
covering more than 1,000 square kilometres of mineral rights in
China. For more information on Minco Gold and its properties,
please visit the website at www.mincomining.ca.
ON BEHALF OF THE BOARD
Dr. Ken Z. Cai, President & CEO
The statements that are not historical facts are forward-looking
statements involving known and unknown risks and uncertainties
which could cause actual results to vary considerably from these
statements. The risks and uncertainties include those described in
Minco Gold's annual report on Form 20-F filed with the U.S.
Securities and Exchange Commission. Forward Looking Statements:
Statements in this news are forward-looking statements within the
meaning of the United States Private Securities Litigation Reform
Act of 1995. Forward looking statements are statements that are not
historical facts and that are subject to a variety of risks and
uncertainties which could cause actual events or results to differ
materially from those reflected in the forward-looking statements,
including risks related to the exploration stage of the company's
projects; market fluctuations in prices for securities of
exploration stage companies; uncertainties about the availability
of additional financing; uncertainties related to fluctuations in
gold prices; the possibility that Minco Gold Corporation may change
its plans with respect to one or more properties; and other risks
and uncertainties described in the company's annual report on Form
20-F and Reports on Form 6-K filed with or furnished to the U.S.
Securities and Exchange Commission. Although we believe the
expectations reflected in our forward looking statements are
reasonable, results may vary, and we cannot guarantee future
results, levels of activity, performance or achievements.
The TSX has neither approved nor disapproved of the information
contained herein.
Contacts: Minco Gold Corporation Ute Koessler 1-888-288-8288 or
(604)-688-8002 info@mincomining.ca www.mincomining.ca
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