Cross Section Showing BDH2037 and BDH2038
Melbourne, April 27, 2009 AEST (ABN Newswire) - Citadel Resource Group Limited (ASX:CGG) Results for 11 new diamond drill holes announced today by Citadel Resource Group Limited on its Jabal Sayid project in Saudi Arabia continue to expand the size of the Lode 2 resource.
Citadel said the new results - announced today in the Company's March quarterly report - will successfully convert resources from inferred to indicated status for the current Definitive Feasibility Study (DFS).
The Company's CEO, Ms Ines Scotland, said Citadel expects to finish all required drilling to enable completion of the DFS during the next six weeks.
Highlights of the new drill results reported for the first time today include:-.
- 103.4m at 2.9% Cu, 0.6g/t Au, 15.4g/t Ag from 130m downhole, including, 46.5m at 4.1% Cu, 0.9 g/t Au, 29.8 g/t Ag from 131.5m (BDH2032A)
- 101m at 2.9% Cu, 0.4g/t Au, 11.6g/t Ag from 239.1m downhole, including, 30.95m at 4.1% Cu, 0.5g/t Au, 15.1g/t Ag from 239.1m downhole (BDH2037)
- 74.9m at 2.3% Cu, 0.2g/t Au and 5.7g/t Ag from 270.1m downhole (BDH2038)
- 87.3m at 4.5% Cu, 0.5 g/t Au, 23.2 g/t Ag from 276.5m downhole including 43m at 7.4% Cu, 0.8 g/t Au, 43.0 g/t Ag (BDH 2040)
- 83.95m at 2.4% Cu, 0.3 g/t Au and 15.6 g/t Ag from 186m downhole (BDH2041)
Citadel's current Lode 2 infill drilling program is part of the flagship Jabal Sayid project in the Australian company's portfolio of Saudi Arabian gold and base metal projects. Jabal Sayid is a 50% joint venture between Citadel and Consolidated Mining Company (CMCI).
Drill holes BDH2037 and BDH2038 were drilled into Lode 2 on section 38590mN*, as infill holes. BDH2037 returned 101m at 2.92% Cu, 0.42g/t Au, 11.63g/t Ag and 0.06% Zn from 239.1m downhole. This includes a higher grade section of 30.95m at 4.08% Cu, 0.5g/t Au, 15.05g/t Ag and 0.05% Zn from 239.1m downhole. BDH2037 hit high grade mineralisation 15m before it was expected to intersect the modelled grade shell from the current resource estimate, so will serve to increase the width of the resource in this area.
Drillhole BDH2032A was drilled into Lode 2 on section 38510mN*. BDH2032A intersected 103.4m at 2.87%Cu, 0.55g/t Au, 15.37g/t Ag and 0.25% Zn from 103.4m downhole. This intersection confirms the resource model, and serves to increase confidence in this area.
BDH2040 intersected 87.3m at 4.54% Cu, 0.45 g/t Au, 23.2 g/t Ag from 276.5m downhole including 42.75m at 7.38% Cu, 0.75 g/t Au, 43.0 g/t Ag This confirms the higher grades modeled on this section, and will serve to upgrade the Inferred to Indicated resource categories in preparation for listing a mining reserve.
Further commenting on these latest results, Ms Scotland said:
"The results continue to impress, particularly drillhole BDH2038 which hit the Lode 2 resource 15m higher than anticipated.
"Importantly, the best grades were in this new zone with the top half of the 31m at 4.1% copper and 0.5g/t gold higher grade section above the current resource boundary.
"With two underground rigs now working on the infill drilling program at Jabal Sayid we expect to have all drilling completed in the next six weeks."
Note 1: The information in this announcement that relates to Exploration Results and Mineral Resources is based on information compiled by Steve Rose, Chief Geologist, who is a Member of The Australasian Institute of Mining and Metallurgy, a Member of The Institution of Materials, Mining and Metallurgy, and a Chartered Engineer. Steve Rose is a full time employee of Citadel Resource Group. Steve Rose has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Steve Rose consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Note 2: * Citadel has recently revised the local grid at Jabal Sayid. The revision is due to some discrepancies in the old grid, and the need to use a grid suitable for underground mine development. The new grid is a change of -599,991.988m on Northings, -600,094.064m on Eastings and +994.318m on RL compared to the old grid that has been used for previous announcements.
For the complete Citadel Resource Group Announcement, please see the link below;
http://www.abnnewswire.net/media/en/docs/60529-ASX-CGG-317067.pdf
Contact
Citadel Resource Group Limited
Ines Scotland (CEO)
Tel: +61-3-8680-4609
ines.scotland@citadelrg.com.au
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