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Published: 29 November -0001
July 18th
Inter-Citic Reports Results from 31 Drill Holes at Dachang Gold Project
nter-Citic Minerals Inc. (TSX: ICI) (\"Inter-Citic\" or \"the Company\") President and CEO James Moore, is pleased to report results received from the second set of drill holes from the Company\'s 2008 diamond drill program at its Dachang Gold Project in China. This set of drill holes are infill, focussed on defining the existing NI 43-101 inferred mineral resource in preparation for a scoping study.
Company geologists have also encountered visible gold in infill hole CJV-414, which was drilled on line 2567 East on the Eastern extension of the Dachang Main Zone (DMZ-X). Approximately 10 cm of core from hole CJV-414 exhibited visible gold, which has not yet been encountered to a great extent at Dachang. Hole CJV-414 has been submitted for assay and results for the hole will be reported when received. Photos of the core samples are available on the Company\'s website: www.inter-citic.com. Drill Highlights:
- Drill hole CJV-355 intersected multiple mineralized zones, including 9.0 metres of mineralization averaging 4.68 GPT contained gold.
- Drill hole CJV-362 intersected multiple mineralized zones, including 6.0 metres of mineralization averaging 8.80 GPT contained gold.
- Drill hole CJV-365 intersected multiple mineralized zones, including 16.1 metres of mineralization averaging 4.07 GPT contained gold.
- Drill hole CJV-366 intersected multiple mineralized zones, including 6.5 metres of mineralization averaging 5.88 GPT contained gold, and another mineralized zone of 6.5 metres of mineralization averaging 3.56 GPT contained gold.
- Drill hole CJV-369 intersected multiple mineralized zones, including 6.0 metres of mineralization averaging 3.88 GPT contained gold, and another mineralized zone of 9.0 metres of mineralization averaging 3.47 GPT contained gold.
-Drill hole CJV-375 intersected multiple mineralized zones, including 2.5 metres of mineralization averaging 15.99 GPT contained gold.
- Drill hole CJV-383 intersected multiple mineralized zones, including 8.4 metres of mineralization averaging 13.10 GPT contained gold.
- Drill hole CJV-384 intersected multiple mineralized zones, including 14.8 metres of mineralization averaging 6.89 GPT contained gold.
- Drill hole CJV-388 intersected multiple mineralized zones, including 5.8 metres of mineralization averaging 5.21 GPT contained gold.
Detailed drilling results are set out in the chart below:
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Gold
Assay
Diamond Drill (grams
Drill Dip/Azimuth From To Width per
Hole No. Section/Location (Degrees) (Metres) (Metres) (Metres) tonne)
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CJV-353 2900E/DMZ-X -60/20 44.90 46.90 2.00 0.88
CJV-353 121.00 122.00 1.00 1.73
CJV-353 125.00 126.00 1.00 0.89
CJV-354 Previously reported
CJV-355 2900E/DMZ-X -45/20 28.00 37.00 9.00 4.68
CJV-355 67.50 68.50 1.00 0.51
CJV-355 96.00 97.00 1.00 1.41
CJV-355 117.00 122.30 5.30 0.51
CJV-356 Previously reported
CJV-357 2567E/DMZ-X -45/20 81.65 93.65 12.00 1.41
(lost in mineral)
CJV-358 2567E/DMZ-X -60/20 11.65 13.65 2.00 1.70
CJV-358 (lost above fault) 42.75 43.85 1.10 3.59
CJV-358 77.65 82.10 4.45 1.72
CJV-358 119.30 119.80 0.50 0.82
CJV-359 9400/DMZ -45/20 12.80 16.80 4.00 3.95
CJV-360 9400/DMZ -45/20 53.50 54.20 0.70 3.35
CJV-360 65.00 75.00 10.00 2.40
CJV-360 80.60 82.00 1.40 7.74
CJV-360 91.00 92.00 1.00 0.68
CJV-361 Previously reported
CJV-362 11600/DMZ -64/20 100.20 102.00 1.80 1.54
CJV-362 107.20 113.20 6.00 8.80
CJV-362 116.40 117.40 1.00 3.38
CJV-362 120.40 122.10 1.70 1.19
CJV-362 126.60 127.60 1.00 0.69
CJV-362 155.20 158.20 3.00 1.96
CJV-363 NOT YET DRILLED
CJV-364 1230E/DMZ-X -64/20 87.70 93.70 6.00 2.38
CJV-364 96.70 102.70 6.00 2.77
CJV-365 12000/DMZ -45/20 61.70 63.00 1.30 3.50
CJV-365 79.10 80.90 1.80 4.81
CJV-365 101.20 102.30 1.10 1.10
CJV-365 107.10 123.20 16.10 4.07
CJV-365 128.20 129.20 1.00 0.86
CJV-365 134.20 138.00 3.80 6.69
CJV-365 140.30 141.10 0.80 2.14
CJV-365 144.10 146.50 2.40 0.66
CJV-366 12000/DMZ -65/20 69.10 70.90 1.80 1.12
CJV-366 89.50 96.00 6.50 5.88
CJV-366 105.00 109.00 4.00 2.73
CJV-366 113.10 114.10 1.00 2.65
CJV-366 121.20 122.20 1.00 1.85
CJV-366 124.70 127.20 2.50 1.11
CJV-366 136.00 142.50 6.50 3.56
CJV-366 166.20 169.30 3.10 2.76
CJV-366 177.70 178.70 1.00 2.57
CJV-367 1230E/DMZ-X -45/20 23.00 25.00 2.00 1.69
CJV-367 88.00 90.00 2.00 6.08
CJV-367 93.85 100.00 6.15 1.12
CJV-367 114.80 115.80 1.00 0.68
CJV-368 11400/DMZ -45/20 17.00 17.90 0.90 4.86
CJV-368 24.50 25.50 1.00 3.15
CJV-368 32.40 35.40 3.00 4.53
CJV-369 11400/DMZ -65/20 17.00 23.00 6.00 3.88
CJV-369 34.20 43.20 9.00 3.47
CJV-369 46.20 48.20 2.00 1.82
CJV-369 52.20 56.20 4.00 1.64
CJV-369 100.60 103.60 3.00 0.94
CJV-369 151.00 152.00 1.00 0.67
CJV-370 ASSAYS PENDING
CJV-371 ASSAYS PENDING
CJV-372 ASSAYS PENDING
CJV-373 1560E/DMZ-X -45/20 56.60 57.80 1.20 0.58
CJV-373 73.20 83.20 10.00 1.48
CJV-373 85.50 87.00 1.50 4.39
CJV-373 115.10 116.20 1.10 0.91
CJV-373 119.60 123.40 3.80 0.68
CJV-374 2900E/DMZ-X -85/20 59.00 61.80 2.80 1.56
CJV-374 (lost above fault) 72.00 76.00 4.00 3.81
CJV-374 79.00 80.00 1.00 1.61
CJV-375 9400/DMZ -60/20 52.50 55.00 2.50 15.99
CJV-375 67.00 67.80 0.80 3.74
CJV-375 88.30 92.00 3.70 1.77
CJV-376 9900/DMZ -45/20 31.00 34.00 3.00 6.89
CJV-376 39.00 41.30 2.30 1.52
CJV-377 9900/DMZ -60/20 32.90 40.10 7.20 3.16
CJV-378 9900/DMZ -45/20 66.80 68.80 2.00 1.70
(lost above fault)
CJV-379 9900/DMZ -60/20 58.40 65.40 7.00 2.28
CJV-379 (lost above fault) 71.10 73.30 2.20 2.32
CJV-379 95.30 98.80 3.50 2.76
CJV-380 2730E/DMZ-X -45/20 61.90 63.40 1.50 1.09
CJV-380 (lost in mineral) 99.60 103.80 4.20 0.69
CJV-380 109.60 110.11 0.51 5.55
CJV-380 134.00 136.00 2.00 1.03
CJV-380 148.00 150.00 2.00 1.27
CJV-380 152.30 155.00 2.70 6.19
CJV-380 157.25 158.25 1.00 0.67
CJV-380 169.80 172.80 3.00 1.82
CJV-381 2730E/DMZ-X -60/20 41.00 43.00 2.00 4.85
CJV-381 55.50 58.50 3.00 1.13
CJV-381 66.50 67.40 0.90 1.18
CJV-381 75.30 76.30 1.00 1.05
CJV-381 100.20 101.20 1.00 1.41
CJV-381 143.00 144.00 1.00 0.57
CJV-381 148.00 149.00 1.00 1.07
CJV-382 ASSAYS PENDING
CJV-383 9150/DMZ -45/20 32.60 37.00 4.40 1.43
CJV-383 45.60 46.50 0.90 0.84
CJV-383 57.40 65.80 8.40 13.10
CJV-384 9150/DMZ -60/20 34.60 41.20 6.60 4.78
CJV-384 59.30 60.30 1.00 0.50
CJV-384 69.00 72.20 3.20 3.60
CJV-384 75.20 90.00 14.80 6.89
CJV-385 2220E/DMZ-X -45/20 39.65 41.65 2.00 1.02
CJV-385 46.65 47.65 1.00 7.81
CJV-385 90.00 93.00 3.00 7.11
CJV-385 114.60 118.50 3.90 2.82
CJV-385 124.15 124.65 0.50 1.30
CJV-385 149.00 152.20 3.20 2.17
CJV-386 1560E/DMZ-X -65/20 70.70 72.00 1.30 0.95
CJV-386 101.30 103.20 1.90 3.35
CJV-386 106.20 106.70 0.50 1.08
CJV-386 124.50 125.50 1.00 0.53
CJV-387 9600/DMZ -45/20 31.90 35.60 3.70 6.23
CJV-387 40.00 43.00 3.00 1.17
CJV-388 9600/DMZ -65/20 27.90 28.40 0.50 1.26
CJV-388 41.20 42.20 1.00 6.16
CJV-388 46.70 52.50 5.80 5.21
CJV-388 55.10 56.10 1.00 5.23
CJV-388 66.00 70.00 4.00 1.37
CJV-388 78.20 79.50 1.30 6.32
CJV-389 9600/DMZ -45/20 70.70 73.10 2.40 3.07
(lost above fault)
CJV-390 9600/DMZ -65/20 71.10 74.80 3.70 2.32
CJV-390 (lost above fault) 91.00 92.00 1.00 1.51
CJV-391 9800/DMZ -45/20 29.60 31.50 1.90 4.65
CJV-391 35.00 37.80 2.80 1.88
DMZ: Dachang Main Zone - The original 2km long zone of mineralization
defined by the 2006 DDH program
DMZ-X: Dachang Main Zone Extension - A 1.5 km long zone of mineralization
extending off the eastern end of the DMZ as defined by the 2007 DDH program
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 and none were topcut. True widths for the
intervals above have yet to be determined.
Drill holes DDH-357-8, 374, 378-80, 389-90, and 393 were either stopped
short of or lost above the mineralized fault zone or lost in mineral in
heavily faulted rock of the DMZ and DMZ-X, as indicated above.
Infill holes are testing continuity of the Company\'s existing NI 43-101-compliant inferred resource area on the total 3+ km extent of the Dachang Main Zone (DMZ), as described in the Company\'s press release of April 10, 2008. The sulphide mineralization of the DMZ is open to depth along most of this defined fault structure and last section tested (Section 2900 East) shows it is still open to the east. A visual representation of the location of the drill holes in this release can be seen at: http://www.corebox.net/properties/dachang/.
Sample Methodology:
Drill core samples were taken at geologically significant intervals, typically over one metre. Core recovery was in excess of 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. Michael W. Leahey, P.Geo., the Company\'s internal Qualified Person under the requirements of National Instrument 43-101, has reviewed a copy of 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 properties 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 2007 Financial Statements and Annual Information Form 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 Email:
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SOURCE: Inter-Citic Minerals Inc.
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