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| April 03, 2008 Minco Gold Discovers Major Gold Zones at Yangshanli Property | |||||
Minco Gold Corporation (the "Company" or "Minco Gold") (TSX:MMM/AMEX:MGH/FSE:MI5) is pleased to announce the results of a trenching program on the Company's 100% owned Yangshanli property, part of the Longnan Project, located in Gansu Province within the southwest Qinling gold field, China. The 2007 Yangshanli property trenching program has returned encouraging results and has identified a bedrock sourced gold anomalous area that, to date, is approximately 1.6 kilometres long by 300 metres in width. The 8 trenches have gold grades based on channel samples ranging from 0.30 to 1.02 g/t gold (Au) over widths ranging from 3.0 to 12.6 metres (m). The area, which is similar to the geological setting at the Anba Deposit, is located along strike to the west-northwest and is underlain by intercalated altered phyllites and limestones with granitic dykes. The averaged channel samples results are as follows:
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Average
Trench Width Grade
ID (m) Au g/t Lithology Alteration
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TC43-1 12.6 0.33 Phyllite & Limonite, silicified &
granitic dyke fracture zone
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TC35-1 3.0 0.35 Phyllite Limonite, silicified &
fracture zone
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TC21-1 10.3 0.79 Phyllite Limonite, silicified &
fracture zone
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Including 7.2 0.96
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TC19-1 4.6 0.35 Phyllite Limonite, silicified &
fracture zone
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TC7-1 10.9 0.5 Phyllite Hematite, limonite,
silicified fracture zone
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Including 5.0 0.65
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TC8-2 7.0 1.02 Phyllite Limonite, silicified
fracture zone
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TC68-1 6.0 0.51 Phyllite Silicified fracture
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TC80-1 4.2 0.3 Phyllite Hematite, limonite,
silicified fracture zone
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The trenching program was conducted to follow up previously identified soil geochemical anomalies and anomalous grab samples from previous years exploration work. All trenches did not expose the entire width of the alteration - mineralized zone potential due to thick overburden. The limonitic, hematitic and silicified alteration zones are characteristic of the gold deposits within the regional area that are hosted by these lithologies. The area will be followed up during 2008 with more surface trenching and sampling, and an Induced Polarization survey.Samples were prepared and assayed at PRA Kunming lab (Process Research Associated Ltd.) with supervision of a certified BC assayer. Gold was assayed with fire assay and AAS or gravimetric finish. Assay results were further checked at PRA's Vancouver lab as an external check. 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/AMEX:MGH/FSE:MI5) is a Canadian mining company involved in the direct acquisition and development of high-grade, advanced stage gold properties in China. The Company owns an exploration property portfolio covering more than 1,500 square kilometres of mineral rights in China. For more information on Minco and its properties, please visit the website at www.mincomining.ca or contact Ute Koessler at 1-888-288-8288 or (604)-688-8002 info@mincomining.ca. ON BEHALF OF THE BOARD "Dr. Ken Z. Cai" President & CEO The TSX has neither approved nor disapproved of the information contained herein. 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. View News Release in PDF Format: | |||||
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