TORONTO, July 16 /CNW/ - Gold World Resources Inc. (GDW-TSX Venture) (the
"Company") is pleased to announce that it accepted the invitation by
Jiguanshan Mining Company ("Jiguanshan Mining"), Inner Mongolia, China, after
a recent mine visit by the Company's Chairman & CEO Hermann Derbuch, to
perform a due diligence on its company and assets with the objective to
potentially enter into a commercial transaction.
The Company commissioned SRK Beijing, an internationally recognized
engineering firm, to carry out the due diligence simultaneously on Jiguanshan
Mining and on Kun Peng Mining, with whom the Company had signed a letter of
Intent (see press release June 25, 2008).
Jiguanshan Mining is located on the north slope of the Comb Mountain
Range while Kun Peng Mining is located on its southern slope. Both mines are
producing gold and silver ore which is processed in their own mills serving
On the visit Hermann Derbuch was accompanied by Mr. Zhu Ben Fu, the
Company's lawyer and Director and Mr. Cunyou Li, the Company's Exploration
Supervisor, both of Hebei Ming Yu Mining Company Ltd., our Joint Venture
Company, which has received its Initial Approval for its application of
incorporation (see press release April 21, 2008). Final approval is in
This latest move by the Company underlines its growth orientation and
making use of its current base in China to acquire additional prospective
properties for exploration and development as well as currently operating
properties which have the potential for increased production and ore reserves
through the application of the Company's Canadian gold mining expertise.
About Gold World Resources Inc.:
The Company is exploring for precious metals in China and has signed a
Joint Venture Contract to establish a Sino-Foreign Contractual Joint Venture
Company for the exploration and development of the Ming Gold/Silver Project,
Hebei, China. More recently, the Company has signed a Letter of Intent with
Kun Peng Mining Company, Inner Mongolia, China to provide the Company the
opportunity to complete due diligence with the purpose to enter into a
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