Proactiveinvestors recommends

Full profile here
Pdf

Inter-Citic reports encouraging results from drilling at Dachang gold project

6th Jan 2009, 12:00 am

Inter-Citic Minerals Inc reported encouraging results from the seventh set of drill holes from the 2008 diamond drill program at its Dachang gold project in China.

 Highlights include main zone infill drill hole CJV-529 which intersected multiple mineralized zones, including 2.3 metres of mineralization averaging 7.13 grams per ton of contained gold, 3.8 metres of mineralization averaging 2.24 g/t contained gold, and 7.9 metres averaging 4.74 g/t contained gold.


Infill hole CJV-532 intersected multiple mineralized zones, including 2.2 metres averaging 6.48 g/t contained gold and 4.2 metres averaging 4.65 g/t contained gold.


Drill hole CJV-543, a step-out hole on the Placer Valley Zone (PVZ), intersected multiple mineralized zones, including 3.4 metres of mineralization averaging 10.98 g/t contained gold.


Infill holes are testing continuity of the company's existing NI 43-101-compliant inferred resource area on the total 3+ kilometres extent of the Dachang main zone (DMZ). The sulphide mineralization of the DMZ is open to depth along most of this defined fault structure and is still open to the east and west.


Inter-Citic said it still has almost 100 additional completed drill holes from the 2008 exploration program at Dachang to be reported. Assay results will be reported as they become available.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.