NR - First Drill Results From Inter-Citic's 2011 EFirst Drill Results From Inter-Citic's 2011 Exploration Program at Dachang
Results Include 4.70 Metres at 25.9 GPT Au in New Area Including 1.0 Metre at 107.0 GPT Au
TORONTO, ONTARIO--(Dec. 5, 2011) - Inter-CiticMinerals Inc. (TSX:ICI) ("Inter-Citic" or "the Company") Presidentand CEO James Moore, is pleased to report on drill results andprogress from the 2011 exploration season at the Company's Dachang GoldProject.
The Company is pleased to report that drilling related toengineering and project feasibility at Dachang is now complete andassays are now being received. Exploration efforts are now focused onthe discovery and outlining of a second potential open pit golddeposit. Results to date have been very encouraging.
This first set of reported drill results are from earlyexploration and condemnation drilling at Dachang in areas of theproperty away from the Dachang Main Zone ("DMZ"), which is now in thepermitting phase. Highlights of these results include:
- Drill hole CJV-1202 on the South East Area ("SEA") which reported an interval of 4.70 m with an average grade of 25.90 GPT gold, including a 1.0 m interval of 107.0 GPT gold.
- Drill hole CJV-1214A on the Acadia Zone which reported an interval of 4.0 m with an average grade of 6.05 GPT gold.
- Drill hole CJV-1215 on the Acadia Zone which reported an interval of 8.0 m with an average grade of 3.91 GPT gold.
- Drill hole CJV-1173 on the Acadia Zone which reported multiple intercepts including an interval of 4.2 m with an average grade of 3.70 GPT gold (including a 1.0 m interval of 11.2 GPT gold) and another interval of 4.3 m with an average grade of 2.63 GPT gold.
- Drill hole CJV-1150 on the Acadia Zone which reported multiple intercepts including an interval of 16.5 m with an average grade of 1.92 GPT gold.
- Drill hole CJV-1154 on the Acadia Zone which reported an interval of 7.1 m with an average grade of 2.04 GPT gold.
- Drill hole CJV-1217 on the Acadia Zone which reported an interval of 15.0 m with an average grade of 1.61 GPT gold.
- Drill hole CJV-1179 on the South East Area ("SEA") which reported an interval of 4.70 m with an average grade of 2.34 GPT gold.
DRILL PROGRAM PROGRESS
As of November 20, 2011, a total of 149 drill holes comprising21,592 m of drilling had been completed at Dachang this year. Eightdrills have been testing new exploration targets on the property andit is anticipated that the full 25,000 m program will be finished inDecember with results continuing to be reported during January andFebruary, 2012.
Infill drilling was initiated on the initial discoveries madein 2009 and 2010 on the Acadia and XP/861 Zones in an effort toincrease confidence in the potential of these discoveries and ideallywith a view to demonstrating further economic potential at Dachangnorth of the DMZ through growth of the mineral resource estimates inthese areas. All drill holes in these new areas are shallow and aredrilled with the objective of discovering gold mineralization whichmay reside within natural open-pit depths.
Exploration of the Acadia Zone:
In Acadia, 51 drill holes comprising 5,400 m along with 50 newtrenches totaling 3,148 metres have been completed at 40 m intervalsalong the strike of the zone with work continuing. Twenty holes withreported mineralization are reported below. Two separate lenses ofmineralization have been discovered to date on the Acadia faultsystem. A western lens has been defined over a 400 m strike length andhas now been cut off. Forty meter spaced drill fences continue toexpand the eastern mineralized zone to the southeast into an area ofwith 6 to 15 m of overburden. Acadia East now has a strike length of atleast 950 m and is still open to the east. Results from 20 of theseholes are reported below.
Exploration of the Southeast Area:
To further expand the project's potential, an intensivetrenching program was undertaken on a complex set of gold in soilgeochem anomalies 5 to 8 kilometres southeast of the original DMZdiscovery - an area known as the Southeast Area ("SEA"). A total of 132trenches comprising 8,552 m of excavation appear to define threeseparate 120 degree trending fault systems. Trenching on anomalies tothe north and south returned very encouraging results, and 38 new drillholes totalling 4,483 metres have now been completed in this 35 km2gold district. Results from the first 14 of these holes are reportedbelow.
Exploration of 861/XP Zones:
An important focus of the 2011 exploration drilling has beenthe 861/XP fault system which hosts mineralization which ischaracteristically similar to DMZ-style sulfides emplaced in graphiticfault structures. The XP and 861 discoveries were made several yearsago on faults that at that time appeared to be 1,800 metres apart. Sofar in 2011 the Company has completed approximately 4,500 metres oftrenching in 85 trenches spaced 20 to 40 meters apart along this faultstructures. In the past both the XP and 861 Zones have shown consistentgold bearing sulfides within steeply south dipping faults. Drillingto date in 2011 appears to be confirming this observation. The totalstrike of the 861/XP Zones now appears to be 2.8 km. The Company iscurrently drilling an 1,100 m gap between these zones that appear toline up exactly along strike. Several additional drill fences have nowbeen drilled along the strike of this fault, and results from the 861and XP Zones are pending.
First drill results received from 2011 exploration are set out in the table below.
| ACADIA ZONE |
|
|
|
|
From |
To |
Length |
Assay |
| DDH Hole No. |
Section |
Dip |
Bearing |
(m) |
(m) |
(m) |
Au GPT |
|
|
|
|
|
|
|
|
| CJV-1150 |
|
-49 |
17.8 |
8.00 |
14.00 |
6.00 |
0.67 |
|
|
|
|
17.00 |
18.50 |
1.50 |
1.01 |
|
|
|
|
21.50 |
23.10 |
1.60 |
0.86 |
|
|
|
|
30.10 |
32.10 |
2.00 |
1.49 |
|
|
|
|
35.10 |
51.60 |
16.50 |
1.92 |
|
|
|
|
58.00 |
62.00 |
4.00 |
0.68 |
|
|
|
|
67.00 |
68.00 |
1.00 |
1.62 |
| CJV-1154 |
|
-50 |
20 |
16.00 |
18.00 |
2.00 |
1.48 |
|
|
|
|
99.50 |
106.60 |
7.10 |
2.04 |
| CJV-1156 |
|
-70 |
20 |
75.00 |
76.50 |
1.50 |
0.51 |
| CJV-1164 |
|
-65 |
200 |
54.50 |
56.00 |
1.50 |
0.72 |
| CJV-1167 |
|
-50 |
202 |
47.00 |
48.50 |
1.50 |
1.14 |
|
|
|
|
95.00 |
99.50 |
4.50 |
0.63 |
|
|
|
|
158.00 |
160.50 |
2.50 |
0.81 |
| CJV-1173 |
|
-89 |
20 |
58.60 |
62.80 |
4.20 |
3.70 |
|
|
|
|
66.00 |
67.20 |
1.20 |
0.66 |
|
|
|
|
216.60 |
217.60 |
1.00 |
0.85 |
|
|
|
|
226.60 |
227.60 |
1.00 |
1.40 |
|
|
|
|
243.50 |
244.50 |
1.00 |
1.89 |
|
|
|
|
304.50 |
305.70 |
1.20 |
0.61 |
|
|
|
|
316.30 |
317.30 |
1.00 |
0.54 |
|
|
|
|
379.50 |
380.50 |
1.00 |
0.59 |
|
|
|
|
386.90 |
387.90 |
1.00 |
0.65 |
|
|
|
|
398.90 |
399.90 |
1.00 |
0.84 |
|
|
|
|
428.20 |
429.60 |
1.40 |
2.31 |
|
|
|
|
482.00 |
483.00 |
1.00 |
0.66 |
|
|
|
|
501.40 |
505.70 |
4.30 |
2.63 |
|
|
|
|
510.00 |
511.00 |
1.00 |
1.61 |
|
|
|
|
560.80 |
561.80 |
1.00 |
1.11 |
| CJV-1180 |
|
-50 |
200 |
46.60 |
47.50 |
0.90 |
0.61 |
| CJV-1182 |
|
-50 |
200 |
34.00 |
35.00 |
1.00 |
1.46 |
|
|
|
|
41.00 |
42.00 |
1.00 |
0.58 |
|
|
|
|
119.00 |
120.00 |
1.00 |
0.96 |
| CJV-1194 |
|
-50 |
202 |
40.00 |
41.00 |
1.00 |
0.65 |
|
|
|
|
66.00 |
69.00 |
3.00 |
1.44 |
|
|
|
|
75.00 |
82.00 |
7.00 |
1.77 |
|
|
|
|
105.00 |
108.00 |
3.00 |
3.08 |
|
|
|
|
157.00 |
160.00 |
3.00 |
1.06 |
| CJV-1198 |
|
-50 |
200 |
33.00 |
34.00 |
1.00 |
1.00 |
|
|
|
|
79.00 |
82.00 |
3.00 |
2.60 |
| CJV-1208 |
|
-45 |
200 |
55.50 |
58.50 |
3.00 |
1.17 |
|
|
|
|
70.50 |
72.00 |
1.50 |
1.09 |
| CJV-1211 |
|
-50 |
200 |
68.00 |
70.00 |
2.00 |
1.24 |
| CJV-1213 |
|
-45 |
200 |
46.50 |
48.00 |
1.50 |
0.63 |
|
|
|
|
87.00 |
90.00 |
3.00 |
0.67 |
|
|
|
|
94.50 |
96.00 |
1.50 |
0.75 |
| CJV-1214 |
|
-62 |
200 |
27.50 |
29.00 |
1.50 |
2.15 |
| CJV-1214A |
|
-62 |
200 |
64.00 |
68.00 |
4.00 |
6.05 |
| CJV-1215 |
|
-70 |
200 |
36.50 |
44.50 |
8.00 |
3.91 |
|
|
|
|
60.20 |
62.60 |
2.40 |
2.11 |
| CJV-1217 |
|
-50 |
200 |
14.00 |
29.00 |
15.00 |
1.61 |
| CJV-1218 |
|
-63 |
20 |
37.70 |
39.00 |
1.30 |
0.58 |
|
|
|
|
45.00 |
46.50 |
1.50 |
2.20 |
|
|
|
|
134.00 |
135.00 |
1.00 |
0.65 |
| CJV-1221 |
|
|
|
25.00 |
36.50 |
11.50 |
1.18 |
| CJV-1222 |
|
-80 |
200 |
42.50 |
44.00 |
1.50 |
6.68 |
|
|
|
|
65.00 |
69.50 |
4.50 |
1.33 |
|
|
|
|
84.00 |
86.00 |
2.00 |
0.90 |
|
|
|
|
89.00 |
90.50 |
1.50 |
0.79 |
|
|
|
|
|
|
|
|
| DMZ-NORTH |
|
|
|
|
|
|
|
|
|
|
|
From |
To |
Length |
Assay |
| DDH Hole No. |
Section |
Dip |
Bearing |
(m) |
(m) |
(m) |
Au GPT |
|
|
|
|
|
|
|
|
| CJV-1219 |
|
-45 |
20 |
39.67 |
41.67 |
2.00 |
2.11 |
|
|
|
|
52.67 |
55.67 |
3.00 |
2.25 |
|
|
|
|
77.67 |
79.17 |
1.50 |
0.57 |
| CJV-1225 |
|
-72 |
20 |
58.17 |
59.67 |
1.50 |
0.64 |
|
|
|
|
|
|
|
|
| SOUTH EAST AREA |
|
|
|
|
From |
To |
Length |
Assay |
| DDH Hole No. |
Section |
Dip |
Bearing |
(m) |
(m) |
(m) |
Au GPT |
|
|
|
|
|
|
|
|
| CJV-1166 |
|
-75 |
20 |
69.50 |
71.50 |
2.00 |
1.64 |
| CJV-1168 |
|
-50 |
20 |
156.00 |
157.00 |
1.00 |
0.95 |
|
|
|
|
174.30 |
177.30 |
3.00 |
2.21 |
| CJV-1169 |
|
-50 |
20 |
19.10 |
22.10 |
3.00 |
0.69 |
|
|
|
|
28.10 |
33.40 |
5.30 |
1.76 |
|
|
|
|
36.40 |
37.40 |
1.00 |
1.28 |
|
|
|
|
47.40 |
48.40 |
1.00 |
0.51 |
|
|
|
|
58.40 |
59.40 |
1.00 |
4.44 |
|
|
|
|
61.50 |
62.50 |
1.00 |
11.60 |
| CJV-1171 |
|
-70 |
22 |
45.80 |
46.80 |
1.00 |
0.73 |
|
|
|
|
126.90 |
128.00 |
1.10 |
0.56 |
|
|
|
|
168.50 |
169.40 |
0.90 |
1.30 |
| CJV-1177 |
|
-50 |
20 |
26.70 |
28.70 |
2.00 |
2.04 |
|
|
|
|
39.40 |
40.40 |
1.00 |
0.98 |
|
|
|
|
74.20 |
75.20 |
1.00 |
0.72 |
|
|
|
|
79.60 |
81.00 |
1.40 |
1.48 |
| CJV-1178 |
|
-50 |
20 |
111.60 |
114.60 |
3.00 |
0.99 |
| CJV-1179 |
|
-50 |
20 |
78.50 |
80.10 |
1.60 |
1.13 |
|
|
|
|
84.20 |
85.20 |
1.00 |
1.68 |
|
|
|
|
128.00 |
129.30 |
1.30 |
0.65 |
|
|
|
|
171.20 |
176.20 |
5.00 |
0.66 |
|
|
|
|
183.60 |
188.30 |
4.70 |
2.34 |
| CJV-1181 |
|
-77 |
20 |
86.50 |
87.50 |
1.00 |
0.56 |
|
|
|
|
112.00 |
113.50 |
1.50 |
0.59 |
| CJV-1183 |
|
-78 |
20 |
19.20 |
20.70 |
1.50 |
0.67 |
| CJV-1185 |
|
-50 |
20 |
89.60 |
90.60 |
1.00 |
0.51 |
| CJV-1186 |
|
-50 |
20 |
38.00 |
39.00 |
1.00 |
0.55 |
|
|
|
|
42.00 |
44.00 |
2.00 |
0.74 |
|
|
|
|
61.50 |
62.50 |
1.00 |
0.53 |
| CJV-1189 |
|
-45 |
20 |
75.30 |
76.30 |
1.00 |
11.00 |
| CJV-1190 |
|
-50 |
20 |
14.50 |
16.00 |
1.50 |
0.92 |
|
|
|
|
33.50 |
34.80 |
1.30 |
1.47 |
|
|
|
|
90.50 |
92.90 |
2.40 |
1.39 |
| CJV-1202 |
|
-50 |
20 |
29.10 |
33.80 |
4.70 |
* 25.90 |
| * Includes a 1.0 m interval of 107.0 GPT |
| * 11.64 g/t when topcut to 40 GPT |
|
| 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 in the above results and one result was topcut to 40 GPT as noted above. True widths for the intervals above have yet to be determined. |
Sterilization Drilling Now Complete
As part of preparation for permitting and developmentInter-Citic has now completed sterilization drilling in and around theDachang Main Zone and associated construction areas. Sterilization(also known as condemnation drilling) tests areas around and belowareas of proposed construction, such as buildings, roads, power lines,pipelines, waste piles or tailings disposal areas, to ensure that novaluable minerals lie below or adjacent to these structures.Sterilization drilling is a step required by the permit grantingauthorities.
The condemnation program, comprising 7,095 metres in 19 deepholes, is complete. Deep drill holes tested four sections spaced 600metres apart south of the DMZ and PVZ proposed pits and their directextensions. These deep holes tested the DMZ/PVZ fault structures atdepths from 125 to 650 metres. A fifth drill fence tested anoverburden covered area directly east of the DMZ fault. In general theholes drilled south of the development area continued to intersect themineralized fault structures even at depths of 650 metres, showing themineralization clearly continues to depth. In general, with fewexceptions, this mineralization tends to be both narrower and lowergrade than in the original deposit area. The fence drilled in theoverburden covered extension of the DMZ was essentially barren.
This condemnation work basically confirmed the company'sopinion that the DMZ/PVZ permitting plan can proceed withoutsterilizing any adjacent mineralization. The Company believes this workillustrates that additional mineralization will in time be developedadjacent to the original deposit.
The company has not yet received all assays from this program. Mineralized intervals received so far are listed below.
| STERILIZATION OR CONDEMNATION HOLES |
|
| DDH Hole No. |
Zone |
Section |
Dip |
Bearing |
From
(m) |
To
(m) |
Length
(m) |
Assay
Au GPT |
| CJV-1144 |
DMZ-E |
|
-75 |
20 |
139.20 |
140.20 |
1.00 |
1.07 |
| CJV-1145 |
DMZ-E |
|
-75 |
20 |
120.00 |
121.00 |
1.00 |
1.36 |
| CJV-1146 |
DMZ-E |
|
-76 |
21 |
139.65 |
141.65 |
2.00 |
0.56 |
| CJV-1148 |
DMZ-E |
|
-75 |
22 |
73.50 |
74.50 |
1.00 |
8.89 |
|
|
|
|
|
114.10 |
115.10 |
1.00 |
0.72 |
|
|
|
|
|
160.60 |
161.60 |
1.00 |
0.83 |
|
|
|
|
|
195.60 |
196.60 |
1.00 |
3.16 |
| CJV-1149 |
DMZ-E |
|
-75 |
20 |
64.10 |
65.60 |
1.50 |
1.09 |
| CJV-1158 |
DMZ |
12100 |
-85 |
35 |
507.00 |
509.00 |
2.00 |
2.17 |
|
|
|
|
|
578.50 |
580.50 |
2.00 |
1.49 |
|
|
|
|
|
626.50 |
627.50 |
1.00 |
2.18 |
| CJV-1155 |
PVZ |
4500 |
-87 |
22 |
36.00 |
39.40 |
3.40 |
1.12 |
|
|
|
|
|
143.50 |
144.50 |
1.00 |
0.75 |
|
|
|
|
|
150.10 |
156.80 |
6.70 |
1.17 |
|
|
|
|
|
194.00 |
195.00 |
1.00 |
0.76 |
|
|
|
|
|
245.60 |
246.60 |
1.00 |
0.50 |
|
|
|
|
|
265.50 |
266.50 |
1.00 |
3.18 |
|
|
|
|
|
309.70 |
310.70 |
1.00 |
0.63 |
|
|
|
|
|
378.80 |
379.80 |
1.00 |
4.45 |
|
|
|
|
|
416.50 |
420.50 |
4.00 |
0.83 |
|
|
|
|
|
463.40 |
465.20 |
1.80 |
0.76 |
|
|
|
|
|
588.00 |
589.00 |
1.00 |
0.81 |
|
|
|
|
|
593.00 |
599.50 |
6.50 |
2.14 |
|
|
|
|
|
606.10 |
607.10 |
1.00 |
0.65 |
|
|
|
|
|
613.60 |
614.60 |
1.00 |
0.58 |
|
|
|
|
|
686.10 |
687.10 |
1.00 |
0.74 |
| CJV-1163 |
PVZ |
4500 |
-70 |
18 |
37.70 |
42.20 |
4.50 |
1.75 |
|
|
|
|
|
44.70 |
50.70 |
6.00 |
0.84 |
|
|
|
|
|
249.50 |
250.50 |
1.00 |
1.75 |
| CJV-1163A |
PVZ |
4500 |
-75 |
20 |
29.30 |
30.30 |
1.00 |
1.01 |
|
|
|
|
|
40.50 |
42.00 |
1.50 |
0.72 |
|
|
|
|
|
|
|
|
|
| CJV-1172A |
DMZ |
4700 |
-87 |
15 |
32.70 |
33.70 |
1.00 |
0.88 |
|
|
|
|
|
40.50 |
42.50 |
2.00 |
1.74 |
|
|
|
|
|
193.30 |
195.30 |
2.00 |
1.15 |
|
|
|
|
|
308.00 |
312.00 |
4.00 |
2.89 |
|
|
|
|
|
326.00 |
328.00 |
2.00 |
1.71 |
|
|
|
|
|
343.50 |
344.50 |
1.00 |
0.77 |
|
|
|
|
|
392.80 |
402.80 |
10.00 |
1.73 |
|
|
|
|
|
428.30 |
430.80 |
2.50 |
1.21 |
|
|
|
|
|
445.50 |
446.50 |
1.00 |
3.08 |
This sterilization work in the DMZ area is now complete andthe balance of the Company's 25,000 metre exploration program has beendedicated to expanding known areas of mineralization and testing newareas of trench discovery well away from the DMZ. Results fromexploration drilling will be released as they become available.
In addition to the above, the Company also continues to testthe 861 and XP Zones. So far in 2011 the 861 Zone has been tested with31 drill holes totalling 3,424 metres on 40 metre sections. Thisclose spaced sectional drilling has consistently intersected sulfidemineralization with widths of 4 to 15 metres in a very predictablefault structure. The western-most section on the 861 Zone was alsomineralized and it is apparent the fault also continues much fartherwest than originally interpreted. Most of this work was completedrecently, so few assays from this work have been received to date.Resource expansion continues with six drills presently working theirway east to test the full extent of the fault in the direction of theoriginal XP Zone discovery.
Results from these exploration drill holes will be reported as they are received.
Sample Methodology:
Drill core samples were taken atgeologically significant intervals, typically over one metre. Corerecovery was approximately 90%. The designated sample intervals werecut with a diamond saw by qualified technicians. One half of the cutcore was selected for assay with the remaining half being placed backinto the core box. Care was taken to ensure that neither half of thecore represents a bias with respect to the nature and mineral contentof the sample. The sample interval and methodology are consistent withindustry standards. Drill core samples were shipped to SGSGeochemical Laboratories ("SGS") located in Kunming and Tianjin, Chinafor sample preparation and 50g fire assay with AA finish. SGS is theworld's leading inspection, verification, testing and certificationcompany. Analytical work is performed in accordance with recognizedstandards such as ASTM, ISO, JIS, and other accepted industrystandards. Accuracy and precision of the results is tested through thesystematic inclusion of reference samples and duplicate samples.
Security of Samples:All of the samples collected at Dachang are stored in a restrictedsecure storage area. Samples are shipped by truck to Golmud anddelivered to Inter-Citic's courier agent in Golmud for shipment to thevarious laboratories for analysis. Inter-Citic's courier agents arepresent at all transshipment points between Golmud and thelaboratories. Exploration at Dachang was conducted with the assistanceof the numerous professionals from the Qinghai Geological SurveyInstitute (No. 5 Institute), working in co-operation withInter-Citic's technical team on site and supervised by Mr. GarthPierce, Vice-President of Exploration.
Mr. Michael W. Leahey, P.Geo., the Company's internalQualified 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 InternationalLimited is a Qualified Person under the requirements of NationalInstrument 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 anddevelopment company advancing its Dachang Gold Project in the People'sRepublic of China. Inter-Citic is listed on the TSX under the symbolICI. 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 2010Financial Statements, MD&A and Annual Information Form, along withupdates, available on the SEDAR website at www.sedar.com
.The statements herein that are not historical facts areforward-looking statements. These statements address future events andconditions and so involve inherent risks and uncertainties, asdisclosed under the heading "Risk Factors" in the company's periodicfilings with Canadian securities regulators. Actual results could differfrom those currently projected. The Company does not assume theobligation 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.
www.inter-citic.com