Inter-Citic Increases Resource Estimate at its Dachang Gold Project

Type:  General  
Sector:  Mining  
Company:  Inter-Citic Minerals Inc  

Inter-Citic Minerals (OTCQX: IMCTF; TSX: ICI), with the release of an updated 43-101 compliant mineral resource estimate for its Dachang Gold Project, has once again increased mineral resources in both the measured and indicated and the inferred categories.  To this end, measured and indicated mineral resources increased by an additional 320,000 ounces of gold and inferred mineral resources increased by an additional 250,000 ounces of gold. 

As a result of the additional mineral resources, the updated compliant mineral resource estimate for Dachang now stands at:

  • Estimated Measured and Indicated mineral resources of 2.20 million ounces contained gold (22.52 million tonnes grading 3.04 g/t Au); plus,
  • Estimated Inferred mineral resources of an additional 2.18 million ounces contained gold (25.91 million tonnes grading 2.62 g/t Au).

Congratulations to the Inter-Citic team for continuing to advance Dachang and for continuing to add shareholder value.  With nearly 4.5 million total gold ounces, we expect there to be lots of attention focused on Inter-Citic.