Gold World Resources Inc.
COMPANY DATA | INTRODUCTION
| PROJECT IN HAND | MANAGEMENT
NEWS UPDATE | CHINESE
| Address: | Suite 1408, 700 West Pender Street Vancouver, B.C. Canada V6C 1G8 |
| Toll Free No.: | 1-888-669-2131 |
| Tel No.: | (604) 669-2131 |
| Fax No.: | (604) 669-2136 |
| Web Site: | www.goldworldresources.com |
| Corporate Email: | info@goldworldresources.com |
| Contact Person: | Boris Ziger |
| Position: | President & Director |
| Traded Market: | TSX-V |
| Traded Symbol: | GDW |
| Outstanding Shares: | 10,778,447 |
| Public Float: | 4,488,000 |
| 52 Week High: | $ 0.49 |
| 52 Week Low: | $ 0.21 |
| Present Price: | Click Here |
INTRODUCTION
Gold World Resources Inc. is a resource company searching for gold and silver properties with the potential to increase shareholder value. China is the world's fourth largest gold production country, even though its gold mining industry is highly fragmented and its properties are largely unexplored beneath the surface. Gold World believes that the recent open door policy being followed in China will lead to increased foreign exploration and development allowing China to become the second largest gold producing country in the world. Gold World currently has two Gold and Silver Properties in Mexico under a 50% earn-in option, the Fiebre do Oro and the Yerbabuena.
PROJECT IN HAND
Xiqinggangping Gold Project, Luoning County, Henan Province, China
The Xiqinggangping property is being optioned from the Ganshu Gold Mine Company, a Chinese gold mining company, and is located in Luoning County, Henan province, China's second most prolific gold producing province. Luoning County, destined to become a world-class mining region hosting several major gold/silver deposits. In less than 18 months, Silvercorp Metals Inc. has confirmed a multi-million oz. silver deposit.
The Xiqinggangping property is part of the Ganshu Mining Concession in Luoning County, Henan Province, China.
Xiqinggangping Property has 4 operating mines on the NE trending of a 31 km long major shear zone and several other producing gold mines on the other end of the SW trend towards Songxian County. There are a number of mineralized fracture zones on the property that extend along a northeast running structure. This structure holds the Shanggong and the Ganshu gold mines directly adjacent to the Xiqinggangping property to the northeast. The Company considers the Xiqinggangping project to be a good target for further exploration. As is so common in the area, no exploration or development has been done below the 100 m level. A real possibility therefore exists to find an economic ore body.
Gold World Resources Ltd. has entered into a Letter of Intent for a Sino-Canadian Joint Venture to acquire the
Xiqinggangping gold project, subject to regulatory approval. The details of the proposed transaction were announced in Canada Stockwatch on October 17, 2005. On completion of the transaction, Gold Luck Resources Limited will operate as a wholly owned subsidiary of Gold World and have finalized the Sino-foreign joint venture agreement with the Chinese company, thereby holding a 70 percent interest in the joint venture.
During the last 10 years, Chinese geological authorities have carried out exploration in the Xiqinggangping sector. The area has small scale mining and gold metallurgical activities and the No.2 Geology Brigade of the Geology and Mine Bureau of Henan Province has made an optimistic estimate in its report, named "Prospective Auriferous Ore Reserves in Xiqinggangping Site". They are inferring over 20 tons of gold metals in the above-mentioned location.
The F1 vein is 300 m long and bares gold values of 2.33 g/t over 1.14 m to 5.66 g/t over 1.75 m. The F2 vein is 250 m long and bares gold value of 4.54 g/t over1.53 m to 5.63 g/t over 1.67 m. The main northeast fault has never been tested in the project area, but a small development drift of 100 m was cut recently to further test the F1 vein.
MANAGEMENT
Gold World Resources Inc. has a well management team comprised of individuals with experience in different areas.
Boris Ziger, MBA, President & Director
Mr. Ziger has earned a Master of Business Administration degree from the Odette School of Business and an Honours Bachelor of Arts degree in Economics and Psychology from York University. Since 1993, Mr. Ziger has acquired a significant amount of experience in public relations, having worked as a senior account executive and senior investment adviser in the investment industry. Recently, Mr. Ziger focused on assisting public companies to gain access to capital markets and on the evaluation of new projects.
Michael Waggett, Corporate Secretary & Director
Mr. Waggett was Vice-President of Waggett Electric from 1973 to 1997. Since 1997, Mr. Waggett has been a Director of a number of publicly listed companies - United Compass, Curion Ventures, Copper Creek, and Minera Capital. Currently Mr. Waggett is a director on Bell Coast Capital. Mr. Waggett has been instrumental in corporate financing of publicly listed companies, evaluating and providing projects to publicly listed firms and in public relations/investor relations activities for resource listed companies.
Barry Brown, B.Comm. Director
Mr. Brown graduated from the University of British Columbia in 1976 with a Bachelor of Commerce degree in Finance. Since 1978 he has acted as President of Barry Developments Ltd., a private company wholly-owned by Barry Brown and involved in the organization and management of reporting and non-reporting companies. Mr. Brown also brings to Gold World Resources over 20 years of experience acting as a director and/or President of reporting companies including Home Ventures Ltd., Regent Ventures Ltd., Hercules Ventures Inc., Reach Ventures Inc., Tracker Resources Ltd., Shoal Petroleum Ltd., Centaur Resources Ltd., Maximum Ventures Inc. and Baz Resources Ltd.
Andre M. Pauwels, P.Geo., Director
Mr. Pauwels, an experienced geologist, recently joined Gold World Resources as a director and brings a wealth of experience (over 30 years) in all phased of exploration for gold and base metals. He has held senior geological positions with responsibilities for selecting and evaluating new projects and for designing programs and managing gold, copper and zinc properties. Mr. Pauwels speaks four languages fluently and has worked on four continents in the exploration and development of mineral opportunities. Mr. Pauwels was Exploration Manager for Cominco Ltd. in the past and Senior Geologist for Bethlehem Copper Ltd. and Union Miniere. Mr. Pauwels has also served as an officer and on the boards of several junior mining companies.
NEWS UPDATE
On Marc 5, 2007, Gold World Resources Inc. announced that it is starting phase 1 of a $1.2-million exploration program on its Xiqinggangping gold property in China.
On March 02, 2007 Gold World Resources Inc. has closed its previously announced non-brokered private placement to raise approximately $730,000 on February 15, 2007. A total of 4,848,331 units of its securities were issued at a price of 15 cents per unit.
On February 15, 2007 Gold World Resources Inc. has arranged a non-brokered private placement of 4.85 million units at a price of 15 cents per unit to raise gross proceeds of $730,000. The proceeds of the private placement will be used for financing of an exploration program planned for the Xiqinggangping gold property in Luoning county, Henan province, China, for further investigations of other advanced Chinese mining properties for acquisition and for general working capital purposes.
On January 22, 2007 Gold World Resources Inc. shareholders have voted in two new board members and approved management's decision to redomicile the company in Ontario. The annual and special meeting was held on January 17, 2007, in Toronto. Gold World welcomed the new board members, Brian McChesney and Richard Tong. Their experience will prove invaluable in advancing the company to reach its market potential.
On January 16, 2007 Gold World Resources Inc. filed Xiqinggangping 43-101 technical report and implements recommendations.
On January 3, 2007, Gold World Resources Inc. announced that it has completed and closed the acquisition of all of the shares of Gold Luck Resources Ltd., pursuant to a share purchase agreement dated May 12, 2006, between Gold Luck, the shareholders of Gold Luck and the Company. With this transaction, Gold World now holds the rights to acquire a 70% interest in a joint venture with Luoyang Canadian United Mine Ltd. for the exploration and development of the Xiquinggangping mineral exploration property situated in the Ganshu mining district, Luoning county, Henan province, China.
On December 15, 2006 Gold World Resources Inc. has appointed Boris Ziger as Chief financial Officer, effective immediately. Mr. Ziger will assume the duties of Chief Financial Officer in addition to his current duties as president. Michael Waggett is leaving the company to purse other interests.
On December 11, 2006 Gold World Resources Inc. has intersected several shear zones at its Xiqinggangping property in the Henan province in China while advancing the new tunnel, collared at 1,288 metres above sea level to 42 metres from Portal. It is expected that a major shear zone will be intersected at a distance of 125m from surface.
On November 14, 2006 Gold World Resources Inc. was issued an update on progress on the Xiqingangping property in the Henan province, China, that includes adit development and the commencement of a geological survey. Gold World has retained the services of Langfang City Dashan Geological Mine Industry Co. Ltd. to conduct a detailed geological survey of the property to develop additional exploration targets.
On October 31. 2006 Gold World Resources Inc. has extended the services of the Badshah Communications Group to continue to increase Gold World's visibility in the financial markets and effectively communicate and market its share value to investors.
On October 12, 2006, Gold World Resources Inc. announced that it has appointed Hermann Derbuch, P.Eng., as Chairman and Chief Executive Officer of the corporation. Mr. Derbuch has more than 30 years of international mining, exploration and investment experience.
On October 11, 2006, Gold World Resources Inc. announced that it has granted directors, officers and employees incentive stock options on 576,000 shares of the Company's capital stock, exercisable up to two years at a price of 20 cents per share.
On October 5, 2006, Gold World Resources Inc. announced that it has formed an operating company Luoning JinDuo Mining Company Limited to manage the Xiqinggangping project in Luoning county, Henan province, China.
On September 27, 2006, Gold World Resources Inc. announced that it has discovered new high-grade copper (12.6% Cu) and silver zone on its Xiqinggangping property in Henan province, China. There are no previous reports of occurrences of high copper or silver grades on the property. Three surface chip samples were collected in June, 2006. Sample No.26356 returned 781 g/t Ag and 12.6% Cu. Gold World's management believes that these high silver and copper assays show similarities with metal and base-metal minerlization at Silvercorp Metals Inc.'s property which is located approximately 10 km to the southeast of the Xiqinggangping property.
On September 26, 2006, Gold World Resources Inc. announced that the TSX Venture Exchange has accepted for filing documentation with respect to a two-million-share, 11 cents per share non-brokered private placement announced August 30, 2006.
On September 19, 2006, Gold World Resources Inc. announced that its private placement of two million units of its securities is completed. The private placement of 11-cent units reported in Stockwatach Aug. 30, 2006, has been fully subscribed for and is subject to acceptance for filing by the TSX Venture Exchange. This private placement replaces the May 9, May 11 and June 6, 2006, financings.
On August 30, 2006, Gold World Resources Inc. announced that it has arranged a non-brokered private placement of up to two million units with a group of private investors to raise $220,000. Units are priced at 11 cents and comprise one common share and one-half of one purchase warrant. A full purchase warrant entitles the holders to acquire one additional common share of the Company at a price of 15 cents for a period of 12 months. The net proceeds of the offering will be used toward the Company's 70% joint venture Xiqinggangping gold property in China, to pursue additional advanced Chinese mining properties and for general working capital purposes.
On July 17, 2006, Gold World Resources Inc. has confirmed that the TSX Venture Exchange has accepted for filing a share purchase agreement dated May 12, 2006 between Good Luck Resources Ltd. and the Company. This brings to a conclusion the letter of intent the Company entered on October 17, 2005. This acceptance represents a new beginning for Gold World. The change of emphasis to China has been validated and the Company intends to quickly advance the Xiqinggangping project. The Company will begin the exploration program as outlined by Christian Derosiers, P.Geo.
On June 12, 2006, Gold World Resources Inc. has confirmed that the Sino-Canadian joint venture, Luoyang Canadian United Mine Ltd. has received its Chinese business licence. The business licence is one of the steps required by the TSX Venture Exchange prior to its acceptance of the acquisition of Gold Luck Resources Ltd. The business licence is a positive development for the company with regards to its acquiring of the Xiqinggangping project and potentially other properties in China.
The company is now proceeding with the planned acquisition of Gold Luck. Upon completion of the acquisition, Good Luck will operate as a wholly owned subsidiary of Gold World and Gold Luck will hold a 70-per-cent interest in the Sino-Canadian joint venture. The Xiqimggangping gold project is the primary focus of the joint venture.
On June 06, 2006, Gold World Resources Inc. has confirmed the opening of its new Toronto office. Gold World's new downtown address at 120 Adelaide St. in the heart of Toronto's financial district, will give the company a higher profile in both the mining and brokerage communities. While the company head office will remain in Vancouver, the Toronto office will be instrumental in introducing the company and its China focus to investors in Ontario and Eastern Canada.
On May 09, 2006, Gold World Resources Inc. announced that it has arranged a $1.05 million non-brokered private placement of up to three million units of its securities at a price of 30 cents per unit, each unit consisting of one common share and one warrant. The warrant entitles the holder to acquire one additional common share of the Company at a price of 40 cents for a period of one year. The net proceeds of the offering will be used toward the proposed Xiqinggangping gold property joint venture in China, for further investigations of other advanced Chinese mining properties and for general working capital purposes.
On March 26, 2006, Gold World Resources Inc. announced that Gold Luck Resources Limited (Gold Luck) has filed the application for a Chinese Business License. The business license is one the requirements of the TSX Venture Exchange in order for them to issue their acceptance of Gold World's acquisition of Gold Luck. Please refer to Gold World news release dated October 17, 2005 for details of the proposed acquisition. The acquisition of Gold Luck will give the Company an excellent start in China with the Xiqinggangping property.
On March 02, 2006, Gold World Resources Inc. announced the acceptance for filing by the TSX Venture Exchange of its 43-101 report on the Xiqinggangping gold property as part of the due diligence process for the acquisition of Gold Luck Resources Limited (Gold Luck).
As announced on October 17, 2005, Gold World has proposed the acquisition of Gold Luck. Upon completion of the acquisition, Gold Luck will operate as a wholly owned subsidiary of Gold World and Gold Luck will hold a 70 percent interest in the Sino Canadian joint venture. To maintain its interest in the joint venture, the Company will have to incur approximately US$1.5 million in exploration expenditures on the joint venture's properties over a four-year period.