Drilling and trenching results from the Dachang Gold Project continue to provide encouragement for Inter-Citic Minerals, which is beginning to outline new resources in each of the five new areas tested in the latest field season.
Highlights from the latest set of drilling results are 4.9 metres in the Acadia Zone @ 4.18 grams/tonne gold; 9.0 metres in the DMZ-X Zone @ 2.21 grams/tonne; 5.5 metres in the XP Zone @ 8.03 grams/tonne; and 2 metres in the XP Zone @ 6.67 grams/tonne.
Trench highlights in the 861 Zone include 10 metres @ 5.91 grams/tonne and 12 metres @ 4.19 grams/tonne; in the Acadia Zone include 10 metres @ 6.20 grams/tonne, 21.5 metres @ 2.85 grams/tonne, 7 metres @ 7.24 grams/tonne and 20.5 metres @ 2.39 grams/tonne; and in the XP Zone include 10.5 metres @ 4.04 grams/tonne and 12.5 metres @ 3.26 grams/tonne.
Inter-Citic's vice-president of exploration Garth Pierce says, “Mineralization in general is very similar to the Dachang Main Zone (DMZ) resource area, and in the new areas the mineralization is again hosted by steeply dipping fault structures. Drilling on these new discoveries is still widely spaced but the strength of the shallow trench results is typical of the near surface grade and tenor of these new finds.
“Gold at Dachang is now known to be related to an extensive series of steeply dipping faults across the full 22km width of the project. With priority on expanding shallow open pit resources, to date we have still only tested a fraction of these structures and have yet to significantly test any of these mineralized faults below 200 metres anywhere on the property.”
The two key exploration licenses that cover the DMZ and adjoining resource areas have been extended by the Chinese Central Government's Ministry of Land and Resources to November 2013 when they will again be eligible for further extension.
The 279sqkm Dachang project area comprises five separate exploration licence areas. These licences are granted for an initial period of three years and can be renewed/extended every two years thereafter providing minimum exploration expenditures are met.