Inter-Citic Minerals has started a Can$6.3 million exploration program at the Dachang Gold Project. One-third of the budget has been earmarked for deep hole drilling.
The program includes up to 25,000 metres of drilling and 10,000 metres of trenching, and is geared towards further resource growth on new areas of the property.
For the first time Inter-Citic will also systematically drill under the current resource area of the Dachang Main Zone (DMZ), which has only been drilled to a vertical depth of about 150 metres from the surface. The company will be testing the mineralized fault structure of the DMZ at depths of between 500 metres and 750 metres.
Two of the company’s drills are deployed in the previously unexplored gap zone off the eastern extent of the Dachang Main Zone resource area. Early drilling in 2011 has already visually identified traces in core samples of a fault structure in a 500 metre step out hole on strike with the Dachang Main Zone. An additional drill was expected to be deployed late last week on a 200 metre step out on the Acadia Zone.
Exploration in 2011 will continue in the Acadia, XP, and NR-1 Zones, as well as new work off the eastern end of the current DMZ, where a gap between known mineralization extends for about 4km under thicker overburden. On the far side of the gap soil geochemistry has shown a significant number of large gold soil anomalies in the South East Area Zone, which the company believes is likely the continuation of the DMZ mineralization not visible under the gap’s heavier soil cover.
Inter-Citic’s president and CEO James Moore says, “We’re looking forward to another excellent season at Dachang, including pursuing new resources on some of the many strong gold-in-soil surface anomalies throughout the property, and possibly below the current DMZ resource.”