Inter-Citic Reports New Drill Results From 2011 Exploration Program at Dachang
TORONTO, ONTARIO -- (Marketwire) -- 02/06/12 -- Inter-Citic Minerals Inc. (TSX:ICI)(OTCQX:ICMTF) ("Inter-Citic" or "the Company") President and CEO James Moore, is pleased to report the fourth set of drill results from 27 diamond drill holes received from the 2011 exploration season at the Company's Dachang Gold Project.
These results are from the Acadia Zone, Placer Valley Zone and South East Area, and are new exploration aimed at further resource definition and expansion. Highlights include:
-- Drill hole CJV-1173 on the Acadia Zone ("Acadia") which reported
multiple intercepts including an interval of 4.2 m with an average grade
of 3.70 GPT gold, and another interval of of 4.3 m with an average grade
of 2.63 GPT gold.
-- Drill hole CJV-1290 on the Acadia Zone which reported multiple
intercepts including an interval of 4.5 m with an average grade of 4.42
GPT gold, and another interval of of 16.0 m with an average grade of
2.19 GPT gold.
-- Drill hole CJV-1271 on the Placer Valley Zone ("PVZ") which reported
multiple intercepts including an interval of 1.8 m with an average grade
of 8.20 GPT gold.
Results from additional drill holes from last year's approximately 25,000 metre drill program at Dachang have also now been received by Inter-Citic and will be released shortly.
Exploration of the Acadia Zone:
Two separate lenses of mineralization have been discovered to date on the Acadia fault system, which is located approximately 10 km northwest of the DMZ. A western lens has been defined over a 400 m strike length and has now been cut off. The eastern Acadia anomaly now has a strike length of at least 950 m defined by 40 m drill fences and remains open to the east.
Exploration of the Placer Valley Zone:
The Placer Valley Zone ("PVZ") is a series of mineralized faults off the immediate southern edge of the Dachang Main Zone. Step out drilling off the southern extent of the current resource area of the PVZ has intersected strong new mineralized structures. Although drilling in this area is early with sections still 500 m apart, these recent results indicate to the Company that new zones of mineralization exist south of the known PVZ resource area.
The Southeast Area:
Trenching 5 to 8 kilometres southeast of the original DMZ discovery discovered a complex set of gold values in soil geochem anomalies. Trenching in the area, known as the Southeast Area ("SEA"), has now defined three separate 120 degree trending fault systems. Drilling on the SEA for the first time in 2011 has consistently intersected near surface gold mineralization, with many of the drill holes reported in this release returning multiple gold intercepts.
A table of drill results reported in this release is set out below:
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