TORONTO, Feb. 27 /CNW/ - Gold World Resources Inc. (GDW-TSX Venture) (the
"Company") is pleased to announce that the NI 43-101 Technical Report on the
Yangjiagou ("Ming") Gold/Silver Project prepared by SRK Consulting China Ltd.
("SRK") has been filed on SEDAR and is available for viewing on the Company's
Messrs. Dr. Anson Xu and Dr. Beilin Shi of SRK Consulting China Ltd. are
"Qualified Persons" of the NI 43-101 technical report. Dr. Xu has reviewed the
news release regarding technical statements.
The Ming Gold/Silver Project was pre-selected with the assistance of
Dr. Beilin Shi who prepared a due diligence report (see
www.goldworldresources.com - Investor Info - Related Reports) on the project
prior to the signing of a Letter of Intent on July 9, 2007.
The signing of a Joint Venture Agreement on November 9, 2007 demonstrated
the rapid pace at which the Company is implementing its vision "to play a
significant role in China's gold-silver production growth". The Company
focuses on China as its field of activity because:
- China is the world's largest gold producer and
- China has excellent infrastructure, high discovery potential and low
The Company's Joint Venture partner, the Shijiazhuang Geological Brigade
(the "Brigade"), is the current property owner and is very knowledgeable about
the property and the general area. The Brigade has conducted detailed
geological and geochemical exploration programs, defining to date 12
altered-mineralized zones and showings of gold-silver mineralization.
Referring to the Technical Report, (see page 5) SRK states: "As a result of
the Yangjiagou property possessing similar geological deposit conditions to
some adjacent operational mines, and that mineralization may improve with
depth, SRK believes that the Yangjiagou property has the potential to host
similar deposits to those in the mines, and further exploration, particularly
to depth is warranted." SRK recommends that the Company further explore and
define mineralized bodies at the Ming property. SRK believes the program
should include systematical sampling of exposed veins, a detailed geological
survey, geophysical surveys to define drilling targets, as well as drilling to
test the mineralization at depth. SRK proposes phase one program with a total
budget of US$750,000. The program should be carried out sequentially according
to their priority, e.g. drilling targets have to be determined first, and then
the drilling can be conducted. Phase two programs will be subject to positive
results obtained from phase one and may include 1:2000 geological and
topographical mapping, further drillings and underground tunneling.
There is easy access to the property by a 2 hour train connection from
Beijing to Shijiazhuang and from there on excellent roads of about 72 km to
About Gold World Resources Inc.:
The Company is exploring for precious metals in China and has signed
recently a Joint Venture Contract to establish a Sino-Foreign Contractual
Joint Venture Company for the exploration and development of the Ming
(Yangjiagou) Gold/Silver Project. For more information about the Company's
activities we invite you to visit our website www.goldworldresources.com.
ON BEHALF OF THE BOARD
Chairman & CEO
Gold World Resources Inc.
Certain of the statements made and information contained herein is
"forward-looking information" within the meaning of the Securities Act
(Alberta), including statements concerning Gold World Resources' plans for the
Property, which involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of
Gold World Resources, to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
information. Such information contained herein represents management's best
judgment as of the date hereof based on information currently available.
The TSX-Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Hermann Derbuch, P.Eng., Tel.: (416) 594-9888,
Fax: (416) 594-1967