Midas Letter Money Illuminates Inter-Citic Minerals: Dachang Project Update in China from CEO James Moore
(Thomson Reuters ONE) -
Click on the image to watch the video
James West interviews Inter-Citic Minerals Inc. (ICI.TO) President and CEO James
J. Moore on the latest developments in China on the company's 279 square
kilometre Dachang Gold Project in Qinghai Province of Western China.
The currently defined NI 43-101 resource at Dachang (calculated at June
28, 2011) consists of an estimated Measured and Indicated inventory of 1.88
million ounces contained gold (17.2 million tonnes grading 3.41 g/t Au), plus a
further Inferred mineral resource estimate of 1.93 million ounces contained gold
(21.3 million tonnes grading 2.83 g/t Au).
A new independent Technical Report prepared by Micon International under NI
43-101 was filed on June 30, 2011. The updated NI 43-101 Technical Report added
approximately 409,000 oz. gold to the previous estimated Inferred resource
inventory at Dachang, and includes all drilling and exploration to the end of
the 2010 season.
Here's an exceprt:
"First and foremost, there are opportunistic people in China who are looking to
grow in this business and there are companies that are hungry for resource. If
you were to take a look at the second half of 2012 not only is China in the last
number of years become the largest producer of gold, they've become one of the
most significant importers of gold.
So being in the mining industry, you are paying attention to the gold business.
You can't be in the mining industry in China in my opinion and not pay attention
to Dachang. It's not only one of the largest undeveloped gold resources. It's a
high grade north of three gram open pit deposit."
Visit Midas Letter Money to view the full interview.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Midas Letter Portfolio Advisors AG via Thomson Reuters ONE
[HUG#1596487]
Unternehmensinformation / Kurzprofil:
Datum: 22.03.2012 - 14:01 Uhr
Sprache: Deutsch
News-ID 127601
Anzahl Zeichen: 2439
contact information:
Town:
Bowen Island, B.C.
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 172 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Midas Letter Money Illuminates Inter-Citic Minerals: Dachang Project Update in China from CEO James Moore"
steht unter der journalistisch-redaktionellen Verantwortung von
Midas Letter Portfolio Advisors AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
