Ann: High Grade Gold Confirmed at Charters Towers, page-15

re: Ann: High Grade Gold Confirmed at Charter... Only a month ago, the Chinese paid $50m for a 20% stake in our neighbours at Charters Towers, CTO.

"A CHINESE investment firm plans to tip $50 million into a Brisbane gold company to help develop a mine in regional Queensland.
Beijing-based Reignwood International Investment (Group) will secure a 19.9 per cent stake in Citigold Corporation as part of the deal to recommission work and expand operations at a mine in Charters Towers."

http://www.couriermail.com.au/ipad/chinese-50m-citigold-mine-boost/story-fn6ck2gb-1226251710519

"Citigold Corporation (ASX: CTO) is an Australian gold mining company producing from Australia's highest grade gold deposit at Charters Towers in north eastern Australia. The company's current underground capital works program aims to lift gold production in stages from 2009 towards 300,000 ozs annually by 2012."

http://www.proactiveinvestors.com.au/companies/news/4586/citigold-corporation-gold-production-up-110-on-previous-quarter-4586.html