Inter-Citic Minerals Inc.

Inter-Citic Minerals Inc.

January 25, 2010 08:18 ET

Inter-Citic Reports Further Gold Mineralization Discovered 9 Kilometres West of the Dachang Main Zone

Drill Hole Returns 12.5 Metres of 3.34 GPT Gold 750 Metres East And Along Strike From Hole CJV-914.

TORONTO, ONTARIO--(Marketwire - Jan. 25, 2010) - Inter-Citic Minerals Inc. (TSX:ICI) ("Inter-Citic" or "the Company") President and CEO James Moore, is pleased to report gold mineralization found in an additional exploration drill hole along the major carbonate thrust fault at its Dachang Gold Project in China. 

Exploration hole CJV-923 was drilled along the edge of the major carbonate thrust fault 9 km northwest of the Dachang Main Zone resource area ("DMZ"), and approximately 750 metres to the east of exploration drill hole CJV-914, reported in a press release dated January 11, 2010. The Carbonate Thrust Fault is a dominant fault structure which extends for 18 kilometers across the entire Dachang property. Regionally this east/southeast striking fault is part of the much more extensive regional Gaude Madou Fault structure, and is believed by the Company to be a potentially ideal host for high grade gold mineralization and further discoveries.

"Exploration hole CJV-923 is definitely in interbedded sediments in the thrust as it was collared 40 meters south of trench TC-4701, which gave us two sulphide results in a thick section of carbonates. Gold in that trench was definitely in altered carbonates. All adjacent holes had visible sulphides in carbonates," said Garth Pierce, VP of Exploration for Inter-Citic.

"Drill hole CJV-923 ended in mineralized rock and is therefore open to depth," continued Garth Pierce. "Unfortunately, further drilling of this hole had to be abandoned when the drill bit was lost in the hole at only 43 metres depth, and the lateness of the exploration season prevented us from returning to further explore it at depth."

Detailed drilling results for this hole are set out in the chart below:

Hole No.
Dip Azimuth From
CJV-923 -70 20 30.50 43.00 12.50 3.34

Assay cut-off for the above table was at 0.5 gpt Au, however, intervals were determined by geological interpretation of consistent mineralized zones. Broader intervals may include waste intervals of up to 2m. There was no evidence of nugget effect in the above results and none were topcut. True widths for the intervals above have yet to be determined.

The Carbonate Thrust Fault structure crosses the Dachang property and this fault zone typically hosts a thick sequence of highly altered carbonate rocks and interbedded sediments which appear to be over-thrust on top of the highly deformed pelitic sediments which host the Dachang Main Zone gold mineralization.

Late in the 2009 field program Inter-Citic drilled six exploration holes along the Carbonate Thrust Fault in the general area of hole CJV-923. The nearest drill section included previously reported hole CJV-914, which returned 21.3 metres of 2.3 GPT gold from a disseminated sulphide intercept in a highly altered carbonate host 750 meters west of hole CJV-923. Other holes in this program intersected disseminated sulfide zones in carbonate rocks in these widely spaced holes and these results will be reported as received.

A location map showing the location of drill hole CJV-923 in relation to the carbonate fault and the rest of the Dachang property is available on the Company's website at:

Inter-Citic is conducting multi-element geochemical studies on the mineralized carbonate rock and its associated disseminated sulphides and follow-up metallurgical studies will be conducted separately to determine the appropriate recovery process.

Sample Methodology:

Drill core samples were taken at geologically significant intervals, typically over one metre. Core recovery was approximately 90%. The designated sample intervals were cut with a diamond saw by qualified technicians. One half of the cut core was selected for assay with the remaining half being placed back into the core box. Care was taken to ensure that neither half of the core represents a bias with respect to the nature and mineral content of the sample. The sample interval and methodology are consistent with industry standards. Drill core samples were shipped to SGS Geochemical Laboratories ("SGS") located in Kunming and Tianjin, China for sample preparation and 50g fire assay with AA finish. SGS is the world's leading inspection, verification, testing and certification company. Analytical work is performed in accordance with recognized standards such as ASTM, ISO, JIS, and other accepted industry standards. Accuracy of the results is tested through the systematic inclusion of reference samples and duplicate samples.

Security of Samples: All of the samples collected at Dachang are stored in a restricted secure storage area. Samples are shipped by truck to Golmud and delivered to Inter-Citic's courier agent in Golmud for shipment to the various laboratories for analysis. Inter-Citic's courier agents are present at all transshipment points between Golmud and the laboratories. Exploration at Dachang was conducted with the assistance of the numerous professionals from the Qinghai Geological Survey Institute, working in co-operation with Inter-Citic's technical team on site and supervised by Mr. Garth Pierce, Vice-President of Exploration.

Mr. Gerald Bidwell, P.Geo., the Company's internal Qualified Person under the requirements of National Instrument 43-101, has reviewed the results reported in this press release.

Mr. B. Terrence Hennessey, P.Geo., of Micon International Limited 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 2008 Financial Statements 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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