Citadel Resource Group Limited (ASX:CGG)
Melbourne, June 3, 2009 AEST (ABN Newswire) - Citadel Resource Group Limited (ASX:CGG) is pleased to announce the results of BDH4028 from its underground drilling program at Jabal Sayid. Jabal Sayid is the flagship project in Citadel's portfolio of Saudi Arabian gold and base metal projects. Jabal Sayid is a 50% joint venture between Citadel and Consolidated Mining Company (CMCI).
Underground drillhole BDH4028 was drilled from the decline, 300m below surface, midway between Lode 2 and Lode 4. The drillhole is the first to be drilled in Citadels underground deep drilling program and was designed to test the top of the "Lode 4 Deeps" exploration target (the down plunge extension of Lode 4) below the current resource model.
To date, BDH4028 is the deepest hole drilled into the project and has succeeded in delineating mineralisation below the 1140mRL level with an intercept of 76.4m at 3.03% Cu, 0.43 g/t Au, 18.9 g/t Ag (to end of hole). The hole extends the known mineralisation at least 60m below the current resource boundary. BDH4028 was programmed to a total depth of 750m and encountered strong (+5% Cu) mineralisation at 605.7m when the hole was suspended due to technical difficulties until specific drilling equipment can be mobilised to site.
Importantly, BDH4028 also discovered a new zone of mineralisation approximately 300m below surface situated between Lodes 2 & 4 within 30m of existing development. This new zone recorded an intercept of 59.3m at 1.84 %Cu and 0.34 g/t Au, 7.3 g/t Ag from 25m downhole. Early interpretation suggests that this new discovery may be a northern extension of Lode 2 some 80m beyond the current Lode 2 resource envelope. Citadel plans to further define this zone as it has potential to enhance the short term economics of the Jabal Sayid Project.
The success of this hole in delineating high grade mineralisation at depth further demonstrates the credentials of Citadels Jabal Sayid Project and its potential to deliver future discoveries and resource expansions.
Note 1: The information in this announcement that relates to Exploration Results and Mineral Resources is based on information compiled by Brett Butlin, Exploration Manager, who 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". Brett Butlin is of member of the Australian Institute of Geoscientists. Brett Butlin is a full time employee of Citadel Resource Group, and 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 click on the link below;
http://www.abnnewswire.net/media/en/docs/60841-ASX-CGG-318822.pdf
Contact
Citadel Resource Group Limited
Ines Scotland (CEO)
Mob: +61-400-039-664
ines.scotland@citadelrg.com.au
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