Exploration Licenses Renewed at Inter-Citics Dachang Gold Projectadmin
Inter-Citic Minerals Inc. President and CEO James Moore, report that two of the key exploration licenses at its Dachang Gold Project have been renewed.
The Ministry of Land and Resources (MOLAR) of the People’s Republic of China has recently granted renewals of two exploration licenses comprising a total of approximately 116 square kilometres of the Dachang Gold Project. The renewal is effective immediately and is valid until November 25, 2010, when it will be eligible for further renewal.
The renewed license areas include the Dachang Main Zone and extension, which hosts most of the Company’s current NI 43-101 compliant inferred mineral resource estimate.
The 279 square kilometre Dachang Gold Project is comprised of several license areas, all of which have been renewed successfully by Inter-Citic on their individual renewal dates in the past as they have come due.