Inter-Citic Minerals boosts inferred resources at Dachang gold project

Inter-Citic Minerals (TSE:ICI) (OTC:ICMTF) said Thursday that it has increased inferred resources at its Dachang gold project in China by more than 400,000 ounces of gold, due to the inclusion of new areas.
The updated report, prepared by Micon International, estimated inferred resources of 21.26 million tonnes grading 2.83 grams per tonne, or 1.93 million ounces of contained gold - an increase of around 409,000 ounces over the previous report last July.
This is an addition to estimated measured and indicated resources of 1.88 million ounces of contained gold, or 17.2 million tonnes at a grade of 3.41 grams per tonne (g/t) gold, at a cutoff grade of 0.6 g/t. Total measured and indicated resources remain unchanged from the prior report.
The measured and indicated resources hailed from the Dachang Main Zone and Placer Valley areas, while inferred resources are based on those zones, plus the NR-2 Anomaly and other "Exploration Areas".
In 2010, Toronto-based explorer Inter-Citic conducted a 25,070 metre drill program and a 9,800 metre trenching program focused on expanding the resources outside of the Dachang Main Zone and Placer Valley areas. The new "exploration area" resources are entirely in the inferred category based on the level of information, the company said.
The target zones in these exploration areas include Placer Valley East, Ruby Zone, 861 Zone, XP Zone, Acadia Zone and NR1.