VANCOUVER,
April 7, 2013 /PRNewswire/ - China
Gold International Resources Corp. Ltd. (TSX: CGG; HKEx: 2099) (the
"Company" or "China Gold International Resources") reports that on
April 5, 2013, Beijing time, the commanding center for the
rescue team for the landslide occurred 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 (the "Site") released conclusions on the causes
of March 29, 2013 landslide in Tibet.
The commanding center for the rescue team is led by the Government
of the Tibet Autonomous Region of the
People's Republic of China. The conclusions are based on an
investigation led by research fellow, Prof. Cen Jiafa from the Consulting and Research
Center of The Ministry of Land and Resources of China.
According to the conclusions, the super-large
landslide and debris avalanche was a geological disaster caused by
a combination of driving factors, which are: steep surface, broken
rock, and meltwater.
Four reasons were named in the conclusions
to explain the causes of the landslide:
- First, the landslide originated from the knick point of
V-shaped Pu Lang Valley, where the slope, angled at 42-45°, is
quite precipitous and the flow channel is long and narrow. The
crown of the landslide is positioned at 5,359 meters and the toe is
at 4,535 meters above sea level, forming a drop of 824 meters.
- Second, complicated geological structures such as thrusting and
sliding structures were developed in the region, featuring a very
active Quaternary tectonism. Rock exposures in the region include
several stages of igneous rocks as well as sedimentary rocks.
Surface sediment on the mountain is mainly debris and cobbles, and
thus, the mountain was named "Ze Ri", which means "the mountain of
broken rocks" in local language.
- Third, the region experienced a fairly dry season from
November 2012 to February 2013; whereas since March 2013, it has seen repeated snowing.
Meltwater seepage into ground has weakened the geotechnical
competence of the mountain side.
- Fourth, loss of competence in the clastic eluvial sediments at
the crown triggered the landslide, wherein the loose sediments at
the foot were pushed to slip, thus causing the whole disaster.
Jiama Mine production facilities are about 10 km
away from the Site. No substantial impact on Jiama Mine's
production has been reported and operations are ongoing.
The management team of the Company will keep
providing updates on any potential effect of this geological
disaster on the Company.
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 (TSX: CGG) 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.
SOURCE China Gold International Resources Corp. Ltd.