Jinshan Gold Mines Enters into MOU to Acquire Mineral Property in China

Vancouver-based Jinshan Gold Mines Inc. announced that it has executed a memorandum of understanding with China National Gold Corporation and another partner to acquire a 100% interest in the Jiama property in China. The Jiama property, a polymetallic deposit consisting of copper, molybdenum, gold, silver and other minerals, is currently in the development stage and is owned by China National Gold. Jinshan is a mining company whose principal asset is the CSH Gold Mine located in Inner Mongolia. China National Gold Corporation, a Chinese state-owned enterprise and gold producer in China, owns approximately 41% of Jinshan’s shares.