Inter-Citic Releases Drill Hole Results from Dachang Gold Project
* Reuters is not responsible for the content in this press release.
TORONTO, ONTARIO, Apr 22 (MARKET WIRE) --
Inter-Citic Minerals Inc. (TSX: ICI) ("Inter-Citic" or
"the Company") President and CEO James Moore, is pleased to
report the final set of results received from the Company's 2009 diamond
drill program at its Dachang Gold Project in China.
The results reported in this press release are both infill and step out
drill holes from the Dachang Main Zone ("DMZ") area, as well as
exploration holes on other parts of the property.
"We are very pleased with the consistency of the results from our
2009 infill drill program on the part of the Dachang Main Zone that hosts
our current inferred mineral resource estimate," said Garth Pierce,
VP Exploration of Inter-Citic Minerals Inc. "This infill drilling
appears to have confirmed earlier estimates although detailed modeling is
still underway. Outside of the main resource area initial testing of new
targets is very preliminary but also very promising. We look forward to
being able to update the Company's mineral resource estimate in both the
main resource and exploration areas in the coming months."
Drilling results highlights include:
-- Drill hole CJV-795 is an infill drill hole on the DMZ and intersected
multiple mineralized zones, including 8.40 metres of mineralization
averaging 5.97 GPT contained gold.
-- Drill hole CJV-818 is an infill drill hole on the DMZ and intersected
multiple mineralized zones, including 34.6 metres of mineralization
averaging 3.2 GPT contained gold.
-- Drill hole CJV-840 is an infill drill hole on the DMZ and intersected
multiple mineralized zones, including 22.0 metres of mineralization
averaging 2.25 GPT contained gold.
-- Exploration drill hole CJV-868 intersected multiple mineralized zones,
including 14.30 metres of mineralization averaging 2.29 GPT contained
gold.
-- Drill hole CJV-901 is an infill drill hole on the DMZ and intersected a
mineralized zone of 10.50 metres of mineralization averaging 7.52 GPT
contained gold.
-- Drill hole CJV-910 is an infill drill hole on the DMZ and intersected
multiple mineralized zones, including 8.5 metres of mineralization
averaging 8.34 GPT contained gold
Detailed drilling results are set out in the chart below:
----------------------------------------------------------------------------
DDH Section
Hole No. Zone Line Dip Azimuth From To Length Au g/t
----------------------------------------------------------------------------
CJV-782 DMZ 350E -72 20 24.70 25.70 1.00 2.65
32.50 36.50 4.00 5.36
39.50 40.50 1.00 1.81
64.50 65.50 1.00 0.58
80.50 81.50 1.00 0.74
106.20 107.50 1.30 2.04
CJV-784 DMZ 2375 -76 20 122.30 124.30 2.00 2.22
CJV-785 DMZ 5900 -87 20 19.50 20.50 1.00 0.73
83.80 84.90 1.10 0.94
130.50 131.50 1.00 2.61
CJV-790 DMZ 350 -50 20 20.00 21.00 1.00 0.73
CJV-791 DMZ 930 -60 20 18.80 19.80 1.00 0.72
28.00 29.50 1.50 1.17
59.00 62.20 3.20 2.65
69.70 72.00 2.30 1.16
74.20 76.30 2.10 2.90
82.80 83.80 1.00 0.60
87.20 89.70 2.50 0.64
CJV-792 DMZ 350 -88 20 28.60 30.30 1.70 9.16
32.60 33.60 1.00 1.80
38.30 39.30 1.00 3.31
43.40 48.40 5.00 3.85
64.80 66.10 1.30 1.71
72.20 74.20 2.00 2.30
78.40 81.70 3.30 0.90
109.50 110.50 1.00 0.70
CJV-793 DMZ 930 -88 20 113.50 114.50 1.00 2.10
120.50 121.60 1.10 1.72
CJV-794 DMZ 350 -50 20 21.50 23.00 1.50 0.62
53.00 55.80 2.80 1.86
79.40 80.60 1.20 1.87
CJV-795 DMZ 2375 -76 20 57.40 59.40 2.00 1.18
62.80 64.00 1.20 0.85
84.30 85.30 1.00 0.62
91.50 92.70 1.20 1.15
95.60 96.60 1.00 1.54
100.50 102.50 2.00 1.99
112.40 120.80 8.40 5.97
139.30 142.30 3.00 1.61
CJV-796 DMZ 930 -50 20 24.60 25.80 1.20 1.36
31.50 32.50 1.00 1.29
37.50 39.50 2.00 1.14
42.50 43.50 1.00 1.00
51.90 56.00 4.10 0.68
84.30 85.50 1.20 14.30
88.00 89.00 1.00 1.72
CJV-797 DMZ 350 -62 20 28.65 31.40 2.75 3.37
78.65 79.65 1.00 1.28
85.00 87.30 2.30 4.79
97.00 98.00 1.00 1.56
111.00 113.00 2.00 1.00
CJV-798 DMZ 75E -50 20 31.70 32.70 1.00 0.67
33.70 34.70 1.00 0.62
39.00 40.50 1.50 0.73
CJV-799 DMZ 930 -88 20 13.50 14.50 1.00 0.57
34.10 35.40 1.30 3.02
87.50 90.00 2.50 1.32
CJV-810 DMZ 75E -50 20 20.70 21.70 1.00 0.97
27.80 29.30 1.50 0.86
42.90 44.90 2.00 0.56
48.00 57.00 9.00 2.63
65.50 66.50 1.00 0.71
77.00 80.00 3.00 2.12
CJV-811 DMZ -88 20 26.65 29.65 3.00 0.55
115.00 118.00 3.00 0.58
CJV-812 DMZ 1600 -50 20 11.60 13.80 2.20 2.40
CJV-813 DMZ 75E -59 20 13.00 17.00 4.00 8.72
22.50 24.00 1.50 1.61
27.30 31.30 4.00 1.10
39.00 40.20 1.20 0.63
59.30 63.00 3.70 0.94
68.00 69.00 1.00 0.65
72.70 73.80 1.10 5.54
84.70 86.00 1.30 0.72
95.50 96.50 1.00 0.55
CJV-815 DMZ 625E -50 20 18.50 19.50 1.00 13.50
31.40 32.70 1.30 1.38
CJV-816 DMZ 550 -60 20 6.00 10.30 4.30 0.77
47.00 49.00 2.00 4.54
CJV-817 DMZ 75E -50 20 11.15 13.15 2.00 2.34
41.00 44.00 3.00 6.86
93.00 94.00 1.00 3.57
107.50 111.50 4.00 0.79
CJV-818 DMZ 625E -50 20 27.00 61.60 34.60 3.20
79.00 81.00 2.00 1.75
CJV-819 DMZ 550 -50 20 16.20 17.50 1.30 0.68
21.00 22.00 1.00 1.28
91.00 95.50 4.50 3.99
CJV-824 DMZ 11400 -80 20 91.00 92.00 1.00 2.67
146.00 147.50 1.50 1.05
165.00 166.00 1.00 1.50
CJV-825 DMZ 11400 -45 20 17.20 18.20 1.00 0.87
CJV-826 DMZ 11600 -50 20 13.80 19.80 6.00 9.29
28.30 31.30 3.00 6.36
CJV-828 DMZ 11900 -50 20 20.00 22.60 2.60 3.87
43.00 49.00 6.00 4.08
52.00 53.50 1.50 0.53
55.00 56.00 1.00 0.80
63.00 65.50 2.50 1.57
68.00 71.50 3.50 2.30
80.00 89.00 9.00 1.95
CJV-830 DMZ 1700 -50 20 77.00 84.20 7.20 2.19
88.20 93.20 5.00 0.79
97.20 98.20 1.00 2.68
100.80 101.80 1.00 2.04
CJV-831 DMZ 75E -77 20 37.50 39.50 2.00 2.69
45.50 46.50 1.00 1.37
71.00 72.00 1.00 0.78
75.00 81.00 6.00 6.02
84.00 85.00 1.00 1.04
92.00 93.00 1.00 0.69
105.00 114.00 9.00 0.97
116.50 117.50 1.00 1.16
128.00 129.00 1.00 0.66
134.00 135.30 1.30 0.54
CJV-832 DMZ 625E -50 20 28.65 29.15 0.50 1.30
43.65 47.80 4.15 0.60
51.00 52.00 1.00 1.72
56.00 62.00 6.00 1.28
64.50 65.15 0.65 1.00
78.50 89.00 10.50 1.44
110.86 111.86 1.00 1.10
CJV-834 DMZ 550 -88 20 26.00 29.50 3.50 1.28
34.50 38.80 4.30 2.10
88.60 89.80 1.20 0.56
118.00 119.00 1.00 0.74
CJV-835 DMZ 550 -62 20 72.90 73.90 1.00 0.50
77.00 83.00 6.00 4.29
103.50 104.60 1.10 1.20
116.50 119.10 2.60 0.72
CJV-837 DMZ 12000 -45 20 8.20 13.40 5.20 2.21
20.20 22.20 2.00 0.80
CJV-838 DMZ 12500 -50 26.25 12.00 14.00 2.00 1.59
20.40 21.50 1.10 4.79
CJV-839 DMZ 625E -75 20 43.50 48.50 5.00 1.03
53.50 56.50 3.00 1.81
62.50 64.50 2.00 1.18
69.50 70.50 1.00 0.65
85.80 90.80 5.00 0.97
96.80 99.00 2.20 3.34
104.00 107.00 3.00 1.64
CJV-840 DMZ 11900 -50 20 3.00 5.20 2.20 7.43
10.20 15.20 5.00 3.44
19.20 20.70 1.50 0.59
24.50 32.50 8.00 2.20
38.00 60.00 22.00 2.25
CJV-850 DMZ 13050 -50 20 1.50 4.50 3.00 2.14
10.50 12.00 1.50 8.54
32.00 40.20 8.20 1.96
CJV-851 DMZ 1230E -50 24 52.50 60.90 8.40 6.22
71.20 73.20 2.00 1.78
CJV-852 DMZ 13050 -50 20 9.30 10.50 1.20 1.61
26.40 27.70 1.30 0.53
38.00 44.00 6.00 1.90
47.00 49.20 2.20 1.18
53.50 55.00 1.50 0.63
CJV-853 DMZ 550 -88 20 7.00 11.70 4.70 1.46
CJV-853 74.50 75.50 1.00 1.07
95.70 96.70 1.00 0.81
136.90 137.90 1.00 1.19
CJV-854 DMZ 13350 -50 20 31.50 33.00 1.50 4.79
35.50 37.00 1.50 3.80
39.10 40.50 1.40 1.82
59.80 64.00 4.20 1.48
71.60 73.60 2.00 2.00
76.60 77.60 1.00 0.92
CJV-856 DMZ 625E -78 20 65.30 66.65 1.35 1.55
88.65 89.65 1.00 0.50
100.20 101.20 1.00 0.68
109.60 110.60 1.00 1.18
112.60 113.60 1.00 0.52
129.70 130.70 1.00 2.05
134.70 135.70 1.00 1.13
138.40 140.40 2.00 1.30
CJV-857 DMZ 13350 -70 20 32.50 39.00 6.50 2.91
79.00 80.00 1.00 1.38
91.50 93.80 2.30 4.65
97.00 99.70 2.70 1.81
CJV-858 DMZ 1560E -50 20 12.40 15.50 3.10 5.25
32.50 34.00 1.50 0.71
36.50 38.00 1.50 1.50
42.50 45.50 3.00 4.14
49.50 50.50 1.00 0.53
58.00 59.00 1.00 1.82
CJV-859 DMZ 75E -77 20 40.00 41.00 1.00 0.56
57.60 58.60 1.00 0.63
68.10 69.10 1.00 0.74
112.30 113.70 1.40 1.38
122.00 126.30 4.30 0.71
135.80 136.80 1.00 1.30
CJV-860 DMZ 3730E -50 20 32.00 33.10 1.10 1.98
40.60 41.70 1.10 0.65
43.70 47.70 4.00 0.60
51.80 56.20 4.40 0.56
67.90 68.90 1.00 0.54
85.90 92.10 6.20 1.26
CJV-861 XPLOR -90 - 75.30 84.80 9.50 2.38
89.00 92.00 3.00 10.05
CJV-864 XPLOR -70 12 41.15 42.15 1.00 1.11
83.00 84.00 1.00 1.02
CJV-865 XPLOR -82 20 119.70 120.70 1.00 0.65
CJV-867 XPLOR -50 20 17.20 24.00 6.80 1.28
51.00 56.00 5.00 0.97
59.50 60.90 1.40 1.71
68.50 70.50 2.00 0.59
101.80 102.80 1.00 0.58
138.40 139.40 1.00 1.87
153.00 154.00 1.00 1.12
CJV-868 XPLOR -70 20 36.00 40.50 4.50 1.40
52.50 66.80 14.30 2.29
CJV-869 XPLOR -50 20 16.75 21.00 4.25 1.22
85.50 87.50 2.00 1.42
90.50 91.50 1.00 0.58
CJV-870 DMZ 1900E -66 20 51.50 56.00 4.50 4.06
80.70 82.20 1.50 2.57
CJV-871 DMZ 2060E -50 20 32.50 33.50 1.00 1.55
CJV-872A DMZ 13350 -72 20 8.00 9.00 1.00 0.70
12.40 13.40 1.00 0.67
CJV-873 DMZ 2220E -82 20 62.65 67.20 4.55 6.47
97.30 100.30 3.00 1.33
107.10 110.20 3.10 8.53
CJV-874 DMZ 13050 -80 20 11.20 19.50 8.30 2.94
25.00 26.00 1.00 0.55
39.50 40.50 1.00 0.59
44.70 45.70 1.00 1.07
51.20 59.70 8.50 3.24
63.00 67.00 4.00 1.81
80.00 81.00 1.00 1.03
CJV-875 DMZ 2060E -50 20 25.20 26.80 1.60 0.84
45.60 46.60 1.00 0.62
CJV-876 DMZ 2730E -45 20 38.70 39.70 1.00 1.11
60.00 61.20 1.20 0.54
CJV-877A DMZ 13050 -63 20 45.00 46.50 1.50 1.07
65.00 70.00 5.00 2.26
78.00 79.00 1.00 1.33
95.00 103.00 8.00 2.71
105.80 111.80 6.00 2.92
117.30 121.00 3.70 2.98
CJV-878 DMZ 14100 -50 20 22.60 27.60 5.00 1.33
40.20 41.50 1.30 1.56
CJV-879 DMZ 14100 -75 20 30.40 34.60 4.20 2.25
59.70 60.80 1.10 0.67
63.80 68.50 4.70 1.12
CJV-884 DMZ 13050 -82 20 66.70 67.70 1.00 1.23
71.00 72.00 1.00 0.82
CJV-886 DMZ 14500 -45 20 28.00 29.60 1.60 1.43
42.50 48.30 5.80 8.01
CJV-887 DMZ 13700 -50 20 19.30 23.50 4.20 2.95
26.00 31.90 5.90 1.29
34.50 40.50 6.00 4.01
CJV-888 DMZ 13050 -62 20 90.20 91.00 0.80 1.61
129.90 139.30 9.40 0.91
143.45 144.45 1.00 1.15
147.50 161.70 14.20 1.41
164.70 170.20 5.50 1.45
CJV-889 DMZ 14500 -70 20 37.60 38.60 1.00 0.53
51.00 54.20 3.20 1.10
CJV-891 DMZ 13700 -82 20 65.00 84.00 19.00 1.63
87.00 89.10 2.10 2.06
CJV-892 DMZ 3730E -88 20 33.00 44.00 11.00 0.73
54.00 55.00 1.00 2.23
60.00 62.00 2.00 0.91
71.50 72.00 0.50 0.66
76.00 80.20 4.20 1.14
CJV-893 DMZ 14500 -89 20 59.10 60.10 1.00 0.92
62.30 66.50 4.20 1.28
104.20 112.20 8.00 3.34
117.70 118.50 0.80 1.85
CJV-895 DMZ 13700 -70 20 43.00 49.40 6.40 3.51
82.00 83.50 1.50 0.55
97.00 99.00 2.00 3.12
107.30 110.80 3.50 1.30
117.00 117.90 0.90 3.33
CJV-896 DMZ 4275E -45 20 34.50 35.50 1.00 1.07
69.00 70.00 1.00 0.64
CJV-897 DMZ 13350 -61 20 74.10 75.10 1.00 1.33
83.30 84.50 1.20 0.84
103.60 104.40 0.80 2.78
117.00 118.50 1.50 0.57
130.00 131.00 1.00 3.30
134.50 135.80 1.30 0.92
154.10 162.70 8.60 2.48
CJV-898 DMZ 14500 -70 20 34.80 37.20 2.40 3.80
42.50 45.50 3.00 1.23
104.70 106.60 1.90 4.32
109.00 110.80 1.80 1.98
143.50 144.50 1.00 0.73
147.50 150.50 3.00 1.06
CJV-899 DMZ 3750E -65 20 65.00 66.00 1.00 0.51
97.00 98.00 1.00 0.65
CJV-900 DMZ 13700 -89 20 49.40 58.40 9.00 3.87
96.00 97.00 1.00 1.95
134.50 136.00 1.50 1.69
138.50 139.60 1.10 0.66
153.00 154.50 1.50 0.69
CJV-901 DMZ 14700 45 20 48.00 58.50 10.50 7.52
CJV-902 DMZ 14700 -76 20 39.30 40.30 1.00 1.14
59.30 60.50 1.20 1.77
96.40 97.70 1.30 0.78
CJV-903 DMZ 15500 -70 20 87.10 88.10 1.00 0.98
116.70 117.70 1.00 1.42
120.70 122.70 2.00 2.48
137.70 139.00 1.30 0.70
141.50 146.50 5.00 4.59
CJV-904 DMZ 14700 -89 20 69.90 73.20 3.30 2.24
115.30 122.30 7.00 1.58
127.60 128.80 1.20 1.06
CJV-906 DMZ 15500 -45 20 37.00 39.00 2.00 2.45
62.20 65.50 3.30 5.38
76.50 77.40 0.90 1.80
CJV-907A DMZ 4275E -50 20 73.50 74.70 1.20 0.98
CJV-908 DMZ 15100 -76 20 13.40 14.00 0.60 1.47
37.80 38.80 1.00 1.19
51.00 51.80 0.80 2.22
62.50 63.50 1.00 1.11
67.50 68.50 1.00 1.01
CJV-909 DMZ 15500 -72 20 73.80 75.20 1.40 1.23
79.00 82.90 3.90 1.76
CJV-910 DMZ 14700 -77 20 15.60 17.10 1.50 0.96
34.50 35.50 1.00 0.81
81.00 82.00 1.00 1.45
121.50 122.50 1.00 2.27
142.00 150.50 8.50 8.34
CJV-911 DMZ 4400E -45 20 117.60 118.40 0.80 0.64
142.00 144.40 2.40 1.11
CJV-913 DMZ 15500 -89 20 46.00 47.00 1.00 0.98
78.90 93.00 14.10 1.74
107.40 110.50 3.10 0.61
CJV-915 DMZ 16100 -45 20 54.20 55.30 1.10 1.19
CJV-916 DMZ 15300 -45 20 51.40 56.40 5.00 3.76
63.40 66.50 3.10 1.57
CJV-918 DMZ 16100 -82 20 62.50 63.50 1.00 0.95
89.30 94.00 4.70 1.71
98.80 104.00 5.20 1.80
111.60 114.60 3.00 2.66
117.00 120.00 3.00 3.73
CJV-919 DMZ 15300 -70 20 38.00 40.50 2.50 1.99
53.30 55.00 1.70 6.99
59.00 61.50 2.50 5.82
73.00 74.00 1.00 1.16
83.00 84.00 1.00 4.76
CJV-921 DMZ 15300 -88 20 60.50 61.50 1.00 0.98
67.00 68.00 1.00 1.72
71.50 76.50 5.00 2.39
79.50 80.50 1.00 0.74
113.70 116.80 3.10 2.22
119.00 120.00 1.00 2.18
CJV-922 XPLOR -58 200 29.00 32.00 3.00 1.52
36.50 41.00 4.50 2.16
"XPLOR" Indicates an exploration hole outside of the previously
defined
resource areas. All other drill holes are infill.
Assay cut-off for the above table was at 0.5 gpt Au, however, intervals
were determined by geological interpretation of consistent mineralized
zones. Broader intervals may include waste intervals of up to 2m. There
was no evidence of nugget effect in the above results and none were
topcut. True widths for the intervals above have yet to be determined.
Infill holes are primarily testing continuity of the Company's
existing NI 43-101-compliant inferred resource areas on the Dachang Main
Zone and Placer Valley Zone. Infill drilling is also a required step
towards applying for a Chinese mining permit.
A visual representation of the location of the drill holes in this
release can be seen at: http://www.corebox.net/properties/dachang/ or as
a map on the Company's website. A location map is available on the
Company's website at: http://www.inter-citic.com/maps.htm.
Sample Methodology:
Drill core samples were taken at geologically significant intervals,
typically over one metre. Core recovery was approximately 90%. The
designated sample intervals were cut with a diamond saw by qualified
technicians. One half of the cut core was selected for assay with the
remaining half being placed back into the core box. Care was taken to
ensure that neither half of the core represents a bias with respect to
the nature and mineral content of the sample. The sample interval and
methodology are consistent with industry standards. Drill core samples
were shipped to SGS Geochemical Laboratories ("SGS") located in
Kunming and Tianjin, China for sample preparation and 50g fire assay with
AA finish. SGS is the world's leading inspection, verification, testing
and certification company. Analytical work is performed in accordance
with recognized standards such as ASTM, ISO, JIS, and other accepted
industry standards. Accuracy of the results is tested through the
systematic inclusion of reference samples and duplicate samples.
Security of Samples: All of the samples collected at Dachang are stored
in a restricted secure storage area. Samples are shipped by truck to
Golmud and delivered to Inter-Citic's courier agent in Golmud for
shipment to the various laboratories for analysis. Inter-Citic's courier
agents are present at all transshipment points between Golmud and the
laboratories. Exploration at Dachang was conducted with the assistance of
the numerous professionals from the Qinghai Geological Survey Institute,
working in co-operation with Inter-Citic's technical team on site and
supervised by Mr. Garth Pierce, Vice-President of Exploration.
Mr. Gerald Bidwell, P.Geo., the Company's internal Qualified Person under
the requirements of National Instrument 43-101, has reviewed the results
reported in this press release.
Mr. B. Terrence Hennessey, P.Geo., of Micon International Limited is a
Qualified Person under the requirements of National Instrument 43-101 and
has reviewed a copy of this press release.
On Behalf of the Board:
James J. Moore, President & CEO
ABOUT INTER-CITIC:
Toronto-based Inter-Citic Minerals Inc. is an exploration and development
company with property in the People's Republic of China, including its
Dachang Gold Project in Qinghai Province. Inter-Citic is listed on the
TSX under the symbol ICI. Inter-Citic's website is www.inter-citic.com.
Investors are encouraged to review "Risk Factors" associated
with the Dachang project as outlined in the Company's 2009 Financial
Statements and Annual Information Form, along with updates, available on
the SEDAR website at www.sedar.com. The statements herein that are not
historical facts are forward-looking statements. These statements address
future events and conditions and so involve inherent risks and
uncertainties, as disclosed under the heading "Risk Factors" in
the company's periodic filings with Canadian securities regulators.
Actual results could differ from those currently projected. The Company
does not assume the obligation to update any forward-looking statement.
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of the content of this news release.
Contacts:
Inter-Citic Minerals Inc.
Stephen Lautens
Vice President, Corporate Communications
(905) 479-5072 x 227
stephen@inter-citic.com
www.inter-citic.com
Copyright 2010, Market Wire, All rights reserved.
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