Sino Gold Conference Call.. Oct 16 /2007Some discussion and questions on the Golden China Resource acquisition but mostly on their two mines and their further exploration plan in China.
It was however interesting to note a statement made by Sino Gold's CEO, Jake Klein, when he says that they are presently looking at 3 other possible acquisitions in China, and that the greatest GCX attraction for them is the Beyinhar Project, which they expect will be their third mine in 2009.
They also go on to say that they shortly expect GCX to come out with new drill results that should show Beyinhar with new resources of between 800,000 to 1,000,0000 oz of Au, and Nibao to have about 850,000 oz. At a new total of 1.85M oz/ Au this pretty well doubles our present and known resources at our two mines. So good news for shareholders for sure as we should capitalize on this better by being part of Sino Gold.
If memory serves me correctly I believe I read recently that GCX will start tabulating these new drill results by about November 15, 2007, and after which they then expect to come out with a new compliant resource estimate for both mines by December 2007.
I however some how doubt that they will release this statement or that we will hear any news on this, until after this merger with Sino is completed, or rejected. This is also expected and scheduled to be completed by early to mid December.
I would venture to say then that this news release will be timed and not come out until late December, at the earliest. My best guess is that it will most likely be timed for the start of the new year, which then puts it's release in the first week of January 2008.
Anyway, you can draw your own conclussions. Here is the LINK, which I again hopes works here.
https://www.brr.com.au/event/SGX/1116/33280/wmp/6xwobicgir
GB