Jinshan Gold Mines changed its name to China International Gold Resources Corp Ltd

Jinshan Gold Mines Inc. is pleased to announce that its name changed to China International Gold Resources Corp. Ltd. effective 07/19/2010. The new TSX symbol will be “CGG”. The name change was approved by the shareholders of the Company on 17 June 2010 at the annual general meeting of the Company. The name change shows full commitment and support of China National Gold Group Corporation (China National Gold “) to the company to serve as its international vehicle. China National Gold is the only company under the direct supervision of the Council of State in the PRC that focuses on the exploration, mining, gold smelting, refining, processing and sale of gold. China National Gold is the largest gold producer in the PRC by gold output (calculated on the total production of finished gold produced from mines and gold) and also has active operations in relation to other non-ferrous mineral assets. The company is also actively exploring business opportunities related to gold and non-ferrous projects. Further updates will be forthcoming in future press releases about the status of these developments.

As of 17 June 2010, Mr. Xiang Dong Jiang was chosen as a director of the Company. Mr. Jiang is also a management capacity as the vice-president of production. Read more

Southern Energy Announces Private Placement

Southern Energy Company, Inc. (Pink Sheets:SOCI), a publicly traded resource exploration company, is pleased to announce it has entered into an agreement with a private Hong Kong investment firm for a non-brokered private placement whereby the Company will issue up to 4,000,000 shares of common stock of the Company at a price of $1.00 per share for aggregate gross proceeds of up to $4,000,000. The Company plans to draw from this subscription on an as needed basis. The Company plans to utilize the net proceeds from this private placement for the preparation of its properties for production, as well as for the general working capital of the Company. Under the terms of the non-brokered private placement, the Company plans to draw between $1,200,000 and $4,000,000 in aggregate funds, in keeping with its plan to commence production on the Lota Bay Coal Concessions and commence a major geological work program on the Catalina Silver, Copper, and Gold Property later this year. Read more

GOLD RESOURCES: South mine reserves jump 52%

KIRKLAND LAKE GOLD has put together new reserve and resource numbers for its South mine that show increases in all categories. Proven and probable reserves are 630,000 t at 26.7 g/t Au, an increase of 52% in contained ounces. Measured resources are 1,800 t at 8.2 g/t Au, and indicated resources are 191,000 t at 29.1 g/t. Contained ounces in measured and inferred resources are up 63%. Indicated resources were 641,000 t grading 27.1 g/t Au with a 6% increase in contained ounces.
Property-wide reserves and resources also grew. Proven and probable reserves are 2.27 million t at about 18.2 g/t Au, an increase of 23% in contained ounces. Measured resources are 880,000 t at 13.0 g/t Au, and indicated resources are 1.33 million t at 14.7 g/t. Contained ounces in measured and inferred resources are up 44%. Indicated resources were 1.22 million t grading 20.9 g/t Au with a 57% increase in contained ounces. Read more

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