Inter-Citic Minerals (TSE:ICI) (OTCQX-ICMTF) unveiled Tuesday trenching results from the 2011 exploration season at its Dachang gold project in China.
company said that trenching is the primary method used to make new
discoveries at the project due to the thin soil cover and near surface
mineralization at the property.
The results reported Tuesday
represent the final results from the 21,00 metre trenching program in
2011, which uncovered four new areas of surface discovery - two in the
southeast part of the Dachang property, one north of the original
Dachang Main Zone, and one southwest of the Placer Valley Zone.
In addition, the trenching program also expanded the 861 and Acadia Zones.
discoveries made were all fault controlled sulfide gold mineralization
similar to the Dachang Main Zone. The company plans on expanding these
new zones through additional drilling and trenching this year.
of the latest trench results include 17.0 metres of 6.65 grams per
tonne (g/t) gold, or 113.05 gram-metres gold in the southeast area.
company said in a statement that "a consistent spatial relationship has
been observed between the gold in soil anomalies, trench values and
underlying strongly altered and mineralized fault zones".
most advanced new discovery at Dachang expanded by the 2011 trenching
program is the 861/XP fault system, which has now been drill tested on
its known western and eastern extents.
This fault system north of the Dachang Main Zone has now been delineated along a 2.8 kilometre extent, the company said.
861 Zone located on the fault's west end is still open to the west and
has now been "consistently intersected in trenches and 40 metre spaced
drill fences" along a 1.4 kilometre strike length to depths of 125 to
150 metres, Inter-Citic said.
The central section of this fault
that lies between the 861 Zone and the nearby XP Zone requires further
drill testing. The XP Zone remains open along strike to the east.
Notable trench highlights on the 861 Zone include 19.00 metres of 1.53 g/t gold or 29.07 gram-metres gold.
month, the Toronto-based company said it renewed three key exploration
licenses at its Dachang gold project. It also combined two other
licenses covering the Dachang Main Zone in order to facilitate
The renewal is effective immediately, and is valid
until November 25, 2013, when it will be eligible for further renewal,
the company said.
In addition, the company received from the
Chinese government a re-drawing of the boundaries of the remaining two
exploration licenses within the property area to facilitate the
permitting of the Dachang Main Zone, which hosts most of the company's
current NI 43-101 compliant inferred mineral resource estimate.
279 square kilometre Dachang project is now comprised of four licenses,
all of which have been renewed successfully by Inter-Citic as they have
come due in the past.
In February, Inter-Citic unveiled the
fifth and final set of drill results from 26 holes that formed part of
the 2011 exploration program at Dachang.
The results were all
from the 861 Zone at Dachang, which now appears to be related to the
same structure hosting the previously-reported XP Zone, Inter-Citic
Highlights of the latest results from the 861 Zone included
hole CJV-1268, which intersected 6.0 metres with an average grade of
3.20 grams per tonne (g/t) gold, and hole CJV-1270, which returned 3.0
metres at an average of 3.21 g/t gold.
Moreover, hole CJV-1278
encountered an interval of 13.0 metres at an average grade of 3.61 g/t
gold, while hole CJV-1280 reported 4.5 metres of 4.16 g/t gold.
currently defined NI 43-101 compliant resource at Dachang, calculated
in June 2011, consists of an estimated measured and indicated inventory
of 1.88 million ounces of contained gold - 17.2 million tonnes gold
grading 3.41 g/t - plus a further inferred mineral resource of 1.93
million ounces contained gold - 21.3 million tonnes grading 2.83 g/t.
A new NI 43-101 compliant preliminary economic assessment for Dachang is due in 2012.