Gold World Resources Inc. 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.
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 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 and accepted the invitation by Jiguanshan Mining Company, both located in Inner Mongolia, China, to provide the Company the opportunity to complete due diligence with the purpose to enter into commercial transactions.
For more information about the Company’s activities we invite you to visit our website www.goldworldresources.com .