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Staff Writer

Citigold Corporation Limited (ASX:CTO) has elected to expand its 2021 regional exploration programme at its Charters Towers Gold Project in Queensland.

The stream sediment sampling programme announced in April of this year has been expanded with follow-up and infill sampling at 74 sites.

In the initial programme, 84 sites were sampled, with three types of samples were taken at each site:

  • 3-5kg of -2mm sand analysed for gold by Bulk Cyanide Leach (BCL),
  • 1-3kg of rock chip or rock float from the stream bed, analysed for gold by 50g fire assay and for a 35-element scan by Inductively Couple Plasma Atomic Emission Spectroscopy (ICPAES, and
  • 3-5kg of -2mm sand analysed for gold by 50g fire assay and for a 35-element scan by Inductively Couple Plasma Atomic Emission Spectroscopy (ICP-AES).

During May and June 2021, an expanded program of sampling 74 additional sites was planned to infill the more broad sampled areas and to follow up on the earlier anomalies.

As in the earlier programme, three samples were planned to be taken at each site, as detailed above, totalling 222 samples from 74 sites.

Fieldwork was completed in late June 2021, with the first batch of 74 samples submitted to the same commercial laboratory in Townsville for analysis of gold by Bulk Cyanide Leach.

The samples have been transported to Perth for this analysis and results are awaited. The remaining samples have been prepared and will be despatched to the laboratory during the Quarter.

These exploration efforts surround the gold production Mining Leases of 23 square kilometres and include the ‘Central’ gold mining site. The exploration efforts aim is over time to increase mineral resources and reserves. The exploration areas include 26 square kilometres of Mineral Development Licenses and 163 square kilometres of Exploration Permits.

www.citigold.com

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