Inter-Citic Minerals Inc.

Inter-Citic Minerals Inc.

July 08, 2010 08:26 ET

25,000 Metre Drill Program Underway at Inter-Citic's Dachang Gold Project

TORONTO, ONTARIO--(Marketwire - July 8, 2010) - Inter-Citic Minerals Inc. (TSX:ICI) ("Inter-Citic" or "the Company") President and CEO James Moore, is pleased to announce that the Company's 2010 exploration program is well underway at its Dachang Gold Project in China.

Inter-Citic's 2010 drill program of up to 25,000 metres is focused entirely on near surface resource expansion targeting new areas of the 279 square kilometre property known to contain gold mineralization.

"As a result of discoveries made towards the end of 2009, Inter-Citic has an exceptional opportunity to grow its resource base during 2010," said James Moore, President and CEO of Inter-Citic.

While the Dachang Main Zone remains open on strike and at depth, in 2010 the Company will focus its initial resource growth strategy on two targets that were successfully tested towards the end of 2009 in the hopes of defining new areas of open-pittable mineralization.

Inter-Citic currently has three diamond drills operating at Dachang with further drills to be deployed as the season progresses. Drilling is currently underway in two known areas of gold mineralization – the "Acadia Zone" and near CJV-861.

The "Acadia Zone", located approximately 9 kilometres northwest of the Dachang Main Zone, is along the dominant Carbonate Thrust Fault ("CTF") that transects the property. On January 11, 2010, Inter-Citic reported results from drill hole CJV-914 on the Acadia Zone that returned 21.3 metres of 2.3 GPT gold. Exploration hole CJV-923 was drilled approximately 750 metres along strike to the east of exploration drill hole CJV-914, and as reported in a press release dated January 25, 2010, returned a result of 12.5 metres of 3.34 GPT gold. Drill hole CJV-923 ended in mineralized rock and is therefore open to depth. Drilling and trenching in 2009 encountered altered carbonates hosting disseminated sulphides along a 1500 meter strike length of the CTF.

The Acadia Zone is considered potentially significant by the Company as hole CJV-914 encountered gold mineralization in a completely new host rock. The sulphides are disseminated throughout a highly altered carbonate unit near the base of a strong north dipping thrust fault. The dominant carbonate thrust fault where this drill hole is located is considered a possible ideal host for high grade gold mineralization and further discoveries.

Drilling is also underway in the area of previously reported drill hole DDH-861, located approximately three kilometres south of the Acadia Zone. In a press release dated December 1, 2009, Inter-Citic reported the results from drill hole CJV-861, which intersected a 16 metre wide fault zone with 2.38 GPT gold over 9.5 metres in the hanging wall and 10.05 GPT gold over 3.0 metres in the footwall of the fault zone. The mineralization encountered in drill hole CJV-861 appears to be an identical style of mineralization as found in the DMZ.

These holes were drilled late in the 2009 exploration season, and are now the subject of more intensive drilling to further define the mineralized zones with a view to adding new gold resource. The Company has an additional 10 identified gold targets for potential exploration later in the season.

Exploration at Dachang is conducted with the assistance of the numerous professionals from No. 5 Geology and Mineral Exploration Institute (formerly QGSI), working in co-operation with Inter-Citic's technical team on site and supervised by Mr. Garth Pierce, Inter-Citic's Vice-President of Exploration.

Maps and associated materials are available on the Company's website:

Mr. Toby Hughes, P.Geo., is a Qualified Person under the requirements of National Instrument 43-101 and has reviewed a copy of this press release.

On Behalf of the Board:

James J. Moore, President & CEO


Toronto-based Inter-Citic Minerals Inc. is an exploration and development company with property in the People's Republic of China, including its Dachang Gold Project in Qinghai Province. Inter-Citic is listed on the TSX under the symbol ICI. Inter-Citic's website is

Investors are encouraged to review "Risk Factors" associated with the Dachang project as outlined in the Company's 2009 Financial Statements, MD&A and Annual Information Form, along with updates, available on the SEDAR website at The statements herein that are not historical facts are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in the company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation 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.

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