The Gold ReportMichael Niehuser Talks About Inter-Citic'sDachang Gold Project in The Gold Report
DearInter-Citic Shareholder,
I am pleased to forward to you an interviewpublished this week in The Gold Report withMichael Niehuser of Beacon Rock Research that talks about Inter-Citic and ourDachang Gold Project.
Mr. Niehusersays:
"We alsothink Inter-Citic Minerals fits [our] growth profile. The company is advancingits 3.4 Moz. Dachang gold project in Western China to feasibility in late 2011.China has been in the news a lot lately, but Inter-Citic appears to have strongbacking from two significant Chinese investors and is well aligned with thelargest gold producer in China. Inter-Citic has a long history of development inChina, and a manageable political risk. We see good likelihood that the Dachangproject will advance to feasibility with low operating and capital costs. Thereis a good opportunity the company will establish a central operation that couldscale with discoveries and other potential mines on their 279 square km. landpackage. Inter-Citic plans to complete at least 15,000m of exploration drilling,again combining near-, mid- and long-term upside."
You can view the entire interviewin
The Gold Report here:
pub/na/10138.
One update to
Mr.Niehuser's comments - Inter-Citic
reported an update to its NI43-101 resource last week, and so the total resource number quoted in theinterview above has now increased. The total estimated resource at Dachang nowstands at:
1.88 million oz Au at 3.41 GPTM+I, plus,
1.93 million oz Au at 2.83GPT
representing a 409,000 ozincrease over the previous resource estimate in 2010.
Finally, Thom Calandra also hadnice things to say about Inter-Citic again last week as well. You can
read themhere.
Best regards,
Stephen Lautens
VP CorporateCommunications
Inter-Citic Minerals Inc.
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