CHINA - 2011 drill results from Dachang

Inter-Citic Minerals says results from ongoing drill holes and trench sampling at 861 Zone on its Dachang property reveal multiple gold intercepts. 1

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CHINA - China Gold to update CSH resource

China Gold International Resources will use results from a recently completed drilling program at the Chang Shan Hao (CSH) Gold Project in Inner Mongolia to complete an updated mineral resource estimate below the existing open pit. 1

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CHINA - Silvercorp drill program update

Silvercorp Metals has completed 76.5% of its drill program for the 2011/2012 financial year. The company planned 244,000 metres of surface and underground drilling at its Chinese and Canadian gold/silver properties for the 12 months to March 31, 2012. It has completed 523 diamond drill holes totaling 186,627 metres with drilling continuing on schedule in the New Year. 1

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CHINA - Silvercorp nets US$43 million from Henan dividend

Silvercorp Metals has banked a US$43 million cash dividend from its 77.5%-owned Chinese subsidiary Henan Found Mining’s 2010 profit distribution. Henan’s audited statutory financial statements confirm a RMB514.8 million profit in 2010, with the board of directors declaring 75% of that as cash dividends to its two shareholders. The dividend has been deposited into a Canadian bank.


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