GSFG Corp Receives Leaching Line Permit in Its Yata Silver Mine Project

"We are very happy and proud to see that the decisions of our executive team and advisory team during the last few years have led us to a solid revenue stream," says Dr. Meng Li Wei, CEO of GSFG Corporation. End Quote

(1888PressRelease) September 05, 2012 - GSFG Corporation brings its shareholders up to date on some exciting news. Recently the company has received leaching line permit in its Yata silver mining project in Xinjiang. This permit will allow it to complete the first phase of its drilling works which includes recuperating up to $7,550,000 worth of silver from the site. At present, a 2 week appeal period is being observed but management team of GSFG Corp does not expect any reversal of that decision.

"We are very happy and proud to see that the decisions of our executive team and advisory team during the last few years have led us to a solid revenue stream," says Dr. Meng Li Wei, CEO of GSFG Corporation. "With the coming expansion, both our net worth and revenue lines on the books will reach and provide a profitable operation. This will not only bolster investor confidence, but confirm the seriousness of GSFG Corp's intent in future profitable operations and the increase in its share value."

The company says necessary arrangements have been made with the county inspector to reissue GSFG Corp's metallurgical lab building permit based on the revised and complete drawing. The Company's contracted engineers have produced a set of architectural drawings which will be submitted to the county building inspector's office for the approval.

Furthermore, company's permanent staff will obtain a state permit for the electrical, plumbing, septic, propane and HVAC installation and will carry out the necessary work to finish this essential part of this part of the production line.

For more information on this news, contact with GSFG Corporation directly or visit the company's website.

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