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Bullboards_Seal on Feb 14, 2012 10:29am
NR - Inter-Citic Reports Drill Results From 2011 E
Inter-Citic Reports Drill Results From 2011 Exploration Program at Dachang
Results include drill holes with intervals of 13.0 metres at 3.61 GPT Gold and 12.0 metres at 3.50 GPT Gold
February 14, 2012, Toronto, ON: Inter-Citic Minerals Inc. (TSX-ICI; OCTQX:ICMTF) (“Inter-Citic” or “the Company”) President and CEO James Moore, is pleased to report the fifth and final set of drill results from 26 diamond drill holes received from the 2011 exploration season at the Company’s Dachang Gold Project.
These results are all from the 861 Zone at Dachang, which now appears to be related to the same structure hosting the previously reported XP Zone. This mineralized fault structure has now been delineated by the Company through drilling and trenching over a 2.8 km strike length. The eastern and western extensions of the fault structure remain open and additional drilling will be required in the central portion of this fault to fully test its potential. It is the Company’s belief that the 861/XP Zone could be the basis for a potential second shallow open pit at Dachang in addition to the already defined Dachang Main Zone resource area.
Highlights of the current results include:
- Drill hole CJV-1268 on the 861 Zone which reported an interval of 6.0 m with an average grade of 3.20 GPT gold.
- Drill hole CJV-1270 on the 861 Zone which reported an interval of 3.0 m with an average grade of 3.21 GPT gold.
- Drill hole CJV-1278 on the 861 Zone which reported an interval of 13.0 m with an average grade of 3.61 GPT gold.
- Drill hole CJV-1280 on the 861 Zone which reported an interval of 4.5 m with an average grade of 4.16 GPT gold.
- Drill hole CJV-1314 on the 861 Zone which reported an interval of 12.0 m with an average grade of 2.09 GPT gold.
- Drill hole CJV-1315 on the 861 Zone which reported an interval of 12.0 m with an average grade of 3.50 GPT gold.
Exploration of the 861/XP Zones:
The 861/XP fault system has been an important focus of Inter-Citic’s 2011 exploration program. The 861 and XP Zones have shown consistent gold bearing sulfides within steeply south dipping faults originally thought to be 1,800 metres apart. Drilling in 2011 has led the Company to believe this is now likely a single continuous mineralized fault structure with a total strike length of approximately 2.8 km. This long fault structure hosts mineralization characteristically similar to that found in the Dachang Main Zone (“DMZ”). Like the Dachang Main Zone resource area, gold mineralization occurs within a few meters of surface and continues to depth along a strong steeply south dipping shear zone to at least approximately 125 metres, which is the current limit of the Company’s drill testing.
A table of drill results reported in this release is set out below:
TABLE OF DRILL RESULTS
861 Zone
....
Please visit Inter-Citic Minerals Inc. Website: www.inter-citic.com to read the rest of this release
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