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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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Wednesday March 17, 09:01SmartFocus, Amphion Innovations and National Milk Records confirmed for March 18 Forum

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

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Wednesday March 17, 06:53SocGen "moderately bullish" on commodities in a two-speed world

Moderately bullish on commodities as a whole for the year, Société Générale asserts that prices are likely to vary considerably from metal to metal with a strong emphasis on developing economies still a major theme.

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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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