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Press Release
Gold World Resources’ due diligence visit by SRK Consulting China to
Kun-Peng Mining Company and Jiguanshan Mining Company, Inner Mongolia, China, Update
Toronto, August 7, 2008, Gold World Resources Inc. (GDW-TSX Venture)
(the "Company") is pleased to report that SRK Consulting China (“SRK”)
has completed the field work portion of the due diligence investigation
the Company is currently carrying out on properties owned by the Kun
Peng Mining Company (“Kunpeng”) and the Jiguanshan Mining Company
(“Jiguanshan”), both located in Inner Mongolia, China (see press
release of July 16, 2008).
Mr. Cunyou Li, the Company’s Exploration Supervisor, coordinated SRK’s
site visit to the Kunpeng and Jiguanshan properties. SRK provided a
highly qualified team for the site investigation comprised of Dr. Anson
Xu, whose specialty is exploration of mineral deposits, Mr. Wang, a
Senior Consultant in Geology and Mr. Huang, a Senior Consultant in
Mining.
Highlights:
The Kunpeng and Jiguanshan mines are located in the same mineralized
geological belt which hosts a large number of gold deposits.
Kunpeng owns two mining licenses and two exploration permits. It
operates three mines and one processing plant. The current production
rate is 100 tonnes of gold ore per day. Production and milling capacity
are planned to be expanded to 250 t/day.
Jiguanshan owns two and one-half mining licenses. It operates the
Yingmachu Mine, accessible by shaft to a depth of 350 meters, the
Badaba Mine, built on one-half a mining license, the Shitiaogou Mine
which is under development, and one processing plant. Jiguanshan
currently operates a processing plant with a capacity of 100 t/day,
which they plan to replace by year end with a new 250 t/day capacity
plant.
The SRK project team is currently preparing the Due Diligence Reports
including an assessment of the upside potential of each of the two
mines. Positive assessments followed by commercial transactions, have
the potential in the Company becoming an immediate gold producer.
About Gold World Resources Inc.:
The Company is exploring for
precious metals in China
and has recently signed a Joint Venture Contract to establish a Sino-Foreign
Contractual Joint Venture Company for the exploration and development of the
Ming Project. For more information about the Company's activities we invite you
to visit our website www.goldworldresources.com
.
ON
BEHALF OF THE BOARD
"Hermann
Derbuch", For
further information please contact:
Chairman
& CEO Hermann
Derbuch, P.Eng.
Gold
World Resources Inc. Tel.:
416.594.9888 Fax: 416.594.1967
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.
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