Explore the Minco Gold Corporation

With the current economic uncertainty, being able to invest in a company that focuses solely on the world’s most stable commodity is a wise financial decision.  That is why I’m excited to talk about the news that one of my favorite gold mining companies announced this week.  Minco Gold Corporation (AMEX: MGH) click for investor profile, reported that a comprehensive exploration program has started on the Changkeng Gold project located in Guangdong Province, China. The program is comprised of 15,000 metres of diamond core drilling, preliminary metallurgical testing, and a hydrological & geotechnical assessment on the project. Following the completion of the drill program, an updated resource estimate will be prepared and an exploration report will be generated for permitting purposes. These completed studies will serve as the basis for an independent Preliminary Economic Assessment (“PEA”) on the project.

Minco has progressively strengthened its balance sheet, see below for a snapshot of their growth in the past year:

To date, a total of 81 drill holes have defined a minimum strike length of +650 metres with drilling conducted on approximate 40 metre section spacing and holes on section between 20 metres to 80 metres apart. On March 12, 2008, the Company released a NI 43-101 compliant resource estimate which contains an indicated resource of 2.1 million tonnes @ 5.61 grams per tonne (g/t) gold (Au) for a total of 379,000 oz Au and an inferred resource of 2.2 million tonnes @ 4.82 g/t Au for a total of 333,400 oz Au. The study also identified areas where inferred resources can be upgraded to indicated and the overall deposit can be expanded. An updated NI 43-101 resource estimate technical report has been filed on SEDAR and is available at www.sedar.com.

The Changkeng Gold deposit lies immediately northward of Minco Silver’s Fuwan Silver deposit and remains open along strike to the northeast and southwest. The combined 15,000 metre diamond core drill program will take place in 2 parts. The first round of drilling consists of approximately 8,000 metres and is targeting resource expansion through step out drilling as well as increasing the indicated resources thru in-fill drilling. Minco Gold is currently operating 4 drill rigs on the property.

Additionally, BGRIMM (Beijing General Research Institute of Mining & Metallurgy), located in Beijing, China, has already begun metallurgical studies of the Changkeng mineralization which will be adequate for completing a PEA Study. Representative material has been sent to their laboratory and the test work is in progress. Initial metallurgical test work done by the 757 Exploration Team in 1995 has indicated that good recoveries for gold and silver can be obtained through flotation.

The Company also reported that a hydro-geological program on the project is planned to start in the near term and will be carried out by the 757 Exploration Team. Initial work was undertaken by the 757 Exploration Team from November, 2006 to May, 2007. Regional hydro-geological survey/mapping was conducted over an area of approximately 51 square kilometers and will be followed up by a more detailed survey over the project area.