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Market: TSX
Sector: Gold Mining
Epic: TSX:ICI
News: Latest news
Web Site: Inter-Citic Minerals
Other Articles: 18-02-200906-01-2009

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Tuesday March 16, 12:29Mercator Gold to sell exclusive Copper Flat option to Canada's THEMAC Resources

The deal will allow the group to retain a substantial interest in the promising Mexican copper-gold-molybdenum-silver project without the associated costs.

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Monday March 15, 11:56Bionomics to present at Ultimate Healthcare & Biotechnology Event, March 24

Deborah Rathjen, CEO of Bionomics, recommended by UK Investment Reseach house Edison Investment Research, "our new valuation for BNO is at 55 cents" will present in Sydney.

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Monday March 15, 09:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Inter-Citic Minerals

Inter-Citic Minerals

Inter-Citic Minerals flagship project is the Dachang Gold Project, a 279 km2 property in the Qinghai Province of Western China. Inter-Citic announced in 2006 that the business license for the Dachang Gold Project has been extended for an extraordinary 27 years to December 26, 2033.

The Dachang gold project now has a total inferred mineral resource of approximately 2.9 million ounces gold contained (approximately 25 million tonnes with an average grade of 3.63 gpt Au)

Wednesday, February 18, 2009

Inter-Citic Minerals reports encouraging results from Dachang gold project in China

Inter-Citic Minerals Inc said, with the final set of results from the 2008 program now in, it can report that 34 of the 36 drill holes at the Dachang gold project in China have shown gold mineralization.

Of particular note are drill holes CJV-666 and CJV-669, which increase the strike of the mineralized resource fault zone to the West by an additional 250 metres, it said in a statement.

CJV-666 is a step-out hole off the western end of the Dachang main zone (DMZ), and intersected multiple mineralized zones, including 21.7 metres of mineralization averaging 3.38 grams per ton contained gold, and another reporting 15.0 metres of mineralization averaging 2.84 g/t contained gold.

Drill hole CJV-669 is a step-out hole 250 metres off the western end of the DMZ, and intersected multiple mineralized zones, including 12.0 metres of mineralization averaging 4.31 g/t contained gold.

Both CJV-666 and CJV-669 increase the western strike of the mineralized fault zone described in the Company's inferred mineral resource estimate by an additional 250 meters.

The company is now reviewing the completed data and preparing an update to its current NI 43-101 compliant estimated mineral resource inventory.

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