Golden China returns best ever intercept at Beyinhar: 68m @ 5.3g/t, including 26m @ 12g/t

    TORONTO, Aug. 2 /CNW Telbec/ - Golden China Resources Corporation (GCX:
TSX, ASX) today announced additional interim drilling results for the
Company's ongoing 2007 exploration program at its Beyinhar gold project in
Inner Mongolia, China. The latest results continue to demonstrate the
continuity of the mineralization and the project's multi-million ounce
    The intercepts achieved during June and July 2007 encompass hole BYD194,
which returned 68 metres averaging 5.32 grams per tonne (g/t) gold (Figures 1
- and 2 - Included within this was a
significant intersection of 26 metres at 12.01 g/t, representing the project's
most promising drill hole to date.

    Highlights of Golden China's most recent drilling results include:

    Hole ID     From       To       Length        Grade
                  (m)      (m)          (m)     (g/t Au)
    BYD194        66      134           68         5.32
    including    108      134           26        12.01       Sulphide
    BYD198        62       92           30         3.22          Oxide
    BYD199        42       60           18         1.41          Oxide
    BYD200        86      112           26         1.09          Oxide

              Table 1: June/July 2007 Beyinhar Drilling Summary

    On April 27, 2007, Golden China announced the results of a NP43-101
compliant Preliminary Assessment of the Beyinhar Gold Project Inner Mongolia,
People's Republic of China by Kappes Cassiday Australia, and Associates Pty
Ltd (the "Scoping Study") which suggests the project's ability to initially
produce 100,000 ounces per year for a low cash cost per production ounce of
between US$260 and US$280, with capital expenditures of only US$29 million. A
copy of the Scoping Study is available on the company's website
( and on SEDAR (
    "We are extremely excited by the intercepts announced today, which
continues to clearly demonstrate the project's strong upside," said Greg
Starr, President and Chief Executive Officer of Golden China. "The new
drilling confirms the extension of the existing Beyinhar ore body to the
southwest, which will enable Golden China to significantly increase our
measured and indicated ounces over the next few years. As well, these drilling
results continue to identify high-grade sulphide mineralization beneath the
oxide zone, which in turn strengthens the potential for a second, long-term
underground mining operation. These results combined with the forecasts in the
previously announced Scoping Study highlight Beyinhar's potential to be a
low-cost 100,000 ounce per year gold producer in the short-term, but also its
longer term potential."
    The results (Table 1) continue to demonstrate continuity of the Beyinhar
oxide resource, which was initially defined by a NI 43-101 compliant mineral
resource estimate released in January 2007. However, recent drilling results,
including BYD194, will be included in the release of an updated NI 43-101
mineral resource estimate this October in which Golden China expects to
increase its measured and indicated resource at Beyinhar to more than one
million ounces.
    Following the planned completion of the updated NI 43-101 mineral
resource estimate in October, the Company plans to complete an NI 43-101
compliant Feasibility Study for the development of the Beyinhar gold mine,
anticipated for release by the end of 2007.
    Beyond the company's 2007 exploration program, Golden China aims to
further, and significantly, increase the resource base in both the oxide and
sulphide zones through additional drilling on the Company's new 100% owned
second exploration license (Figure 1), which is proving to host the southwest
extension of the Beyinhar ore body.
    Golden China has now drilled a total of 68 holes encompassing
9,157 metres of its budgeted 17,000 metres during the 2007 drilling season.

    About Beyinhar

    Golden China's Beyinhar gold project lies along the Sonid Zouqi gold
corridor within the Inner Mongolia Fold Belt Region, a productive orogenic
belt hosting several skarn, shear-hosted, orogenic/mesothermal veins and
porphyry Cu-Au deposits. This Fold Belt region hosts the world-class Oyu
Tolgoi copper-gold deposit (1.39 billion tonnes @ 1.33 % copper and 0.47 g/t
gold), and CSH 217 shear-hosted gold deposit (109 million tonnes @ 0.83 g/t
    Beyinhar is a near surface, bulk-mineable oxide, and heap leachable gold
deposit with a continuous high-grade zone. As well it now appears to host a
primary sulphide deposit, also containing areas of high-grade gold
mineralization. Beyinhar is only about 1.5 kilometres from the Hohhot-Xilinhot
highway in proximity to a well-established provincial railway line and within
an easily accessible power grid supply.
    The Beyinhar gold project is held within two exploration licenses
("EL's"), approximately 46.45 km(2) in area, (EL1 is 13.45km(2) and EL2:SW is
33km(2)) and a 1.5 km(2) mining lease, ("ML") inside EL1. In March 2007,
Golden China registered a 95%/5% Co-Operative Joint Venture ("CJV") with the
Inner Mongolia Non-Ferrous Metals Bureau of Geology and Exploration (via
Neimenggu Huayu Geological and Mineral Exploration, Ltd.) over the 14.95 sq km
of granted mining and exploration tenements at Beyinhar (ML and EL1). Under
the terms of the CJV, Golden China will pay US$0.2 million upon the
registration of the CJV bank account and a further US$2.8 million upon the
transfer of EL1 and the ML to the new CJV. The newer EL2:SW is owned 100% by
Golden China.
    Since the project's inception, Golden China has drilled a total of
approximately 30,000 metres at Beyinhar.
    Golden China has released a NI 43-101 compliant Scoping Study on the
Beyinhar gold project, which is available on the company's website
( and on SEDAR (

    Qualified Person

    Alfonso Latorre (MAusIMM), Golden China's Beyinhar Project Manager and
the Qualified Person as defined by National Instrument 43-101, is overseeing
the company's exploration work at Beyinhar and supervised the preparation of
the information in this release. Samples from Beyinhar were prepared and
assayed by the Intertek Labs in Beijing, China. Samples were assayed for gold
by fire assay (50 gram) with AAS finish. Golden China inserted blanks,
standard and duplicate samples at sample preparation stage to monitor the
quality control of the assay data. Golden China has established and maintains
a comprehensive quality control-quality assurance (QA/QC) program.

    About Golden China Resources Corporation:

    Golden China Resources Corporation is a significant participant and
consolidator in the Chinese precious metal industry and one of the largest
producers of gold in China. The company is using its extensive knowledge of
the Chinese marketplace and best practices based on established international
standards in building a diversified gold business focused on exploration and
development, operations, and corporate development in the Chinese precious
metal industry. Golden China's shares are listed on the main boards of both
the Toronto Stock Exchange and the Australian Securities Exchange under the
symbol GCX.

    Forward-Looking Statements: Statements in this release that are
forward-looking statements are subject to various risks and uncertainties
concerning the specific factors disclosed under the heading "Risk Factors" and
elsewhere in the Company's periodic filings with Canadian securities
regulatory authorities. Such information contained herein represents
management's best judgment as of the date hereof based on information
currently available. The Company does not assume the obligation to update any
forward-looking statement.

    %SEDAR: 00009239E

For further information:

For further information: Golden China Resources Corp.: Kristen
(Boucher), Humphrey Communications, Manager, (416) 366-8818 ext. 230,;; Renmark Financial Communications
Inc.: Barbara Komorowski:; Julien Ouimet:; (514) 939-3989, Fax: (514) 939-3717,

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