Toronto-based Inter-Citic Minerals, an exploration and development company, has discovered gold in all the 41 new holes drilled in its 2010 exploration drill program at its Dachang Gold Project in China.
The holes are in Acadia Zone, Dmz-X Zone, Far East Zone and Xp Zone, and the company said that all these drill holes intersected gold mineralization, many intersecting multiple intervals.
According to the company, core recovery was at 90%, and the sample interval and methodology and analysis applied in this case are consistent with industry standards.
Inter-Citic VP of exploration Garth Pierce said the company has intersected multiple sub-parallel gold bearing fault zones in Acadia which are increasingly defining a prominent mineralized fault structure very similar in nature to the Dachang Main Zone resource area.
"All these intercepts are outside areas of existing resource inventory, and we are now looking to the Acadia Zone as a potential new source of near surface gold resource at Dachang," Pierce said.