CGG:CC - China Gold International Reports Tailings Overflow at its Jiama Copper-Gold Polymetallic Mine
(TheNewswire)
VANCOUVER – TheNewswire- March 31, 202 3 – China Gold InternationalResources Corp. Ltd. (TSX:CGG ) ; ( HKE X :2099)( “ China Gold International Resources ” or the“ Company ” ) reports that production has beensuspended at its Jiama Copper-Gold Polymetallic Mine due to a tailingsoverflow.
On March 27, 2023, a tailings overflow occurred due tominor tailing dam damages from the Guolanggou tailings pond at theCompany's Jiama Mine. The Company immediately launched an emergencyplan to assess and contain the overflow. Production operations weresuspended and non-essential personnel were evacuated from the affectedarea. The Company was able to quickly contain and repair the damagewhile ensuring the safety of people and the environment. With therepair of Guolanggou tailings dam, the overflow has been contained. Inaddition, the Slope monitoring radar has been installed to monitor thestarter dyke and subsequent dykes of the tailing pond on a 24-hourbasis.
The tailings overflow did not cause any contaminationto the surrounding environment, and there was no impact on the safetyof employees and local community. Under the supervision and guidanceof the emergency management and mine safety supervision departments,the Company is currently conducting a comprehensive risk assessment ofthe tailings pond, developing and implementing a restoration plan toensure the safety of the tailings pond.
AboutChina Gold International Resources
China Gold International Resources is a gold and basemetal mining company incorporated in BC, Canada and operates twomines, the C hang Shan Hao Gold Mine in Inner Mongolia, China and the Jiama Copper-GoldPolymetallic Mine in Tibet, China. The Company’s objective is tobuild shareholder value through growing production at its currentmining operations, expanding its resource base, and acquiring anddeveloping new projects internationally. The Company is listed on theToronto Stock Exchange (TSX: CGG) and the Main Board of The StockExchange of Hong Kong Limited (HKE X : 2099).
For further information on the Company, please refer toSEDAR’s website at www.sedar.com, The Stock Exchange of Hong KongLimited’s website at www.hkex.com.hk, the Company's website atwww.chinagoldintl.com, or call the Company at +1-604-609-0598 andemail to info@chinagoldintl.com.
Cautionary Note About Forward-Looking Statements
Certain information regarding ChinaGold International Resources contained herein may constituteforward-looking statements within the meaning of applicable securitieslaws. Forward-looking statements may include estimates, plans,expectations, opinions, forecasts, projections, guidance or otherstatements that are not statements of fact. Although China GoldInternational Resources believes that the expectations reflected insuch forward-looking statements are reasonable, it can give noassurance that such expectations will prove to have been correct.China Gold International Resources cautions that actual performancewill be affected by a number of factors, most of which are beyond itscontrol, and that future events and results may vary substantiallyfrom what China Gold International Resources currently foresees.Factors that could cause actual results to differ materially fromthose in forward-looking statements include market prices,exploitation and exploration results, continued availability ofcapital and financing and general economic, market or businessconditions. The forward-looking statements are expressly qualified intheir entirety by this cautionary statement. The information containedherein is stated as of the current date and subject to change afterthat date.
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