$29,469,000,000 of Gold is it a Takeover Target like CDV?, page-41

Best I could do was copy the text.

Citigold Corporation
ANNOUNCEMENT
27 November 2006
WARRIOR POURS GOLD
Citigold Corporation Limited (Citigold) is pleased to advise the market that the first gold
pour from the Warrior underground gold mine occurred on Friday 24th November 2006.
The inaugural pour of 10.4 kilograms of doré bullion is another important step in the
phased build up of gold production from our flagship Charters Towers Gold Project.
Gold production is scheduled to continue with the frequency of gold pours increasing as
we build up to the design production rate over the next few months. The gold pour
completed the commissioning of the gold plant and processed ore extracted from
development drives on the 850 Level of the Warrior underground.
Other mining operations associated with the Warrior Mine are proceeding as usual. In
parallel with the development of the 850 Level the access decline is being extended
downwards to provide access to develop into the next lower level, the 840, to be
followed by the commencement of stoping operations.
Warrior Mine, located 5 km southeast of Charters Towers city, is scheduled to produce
1,200 kilograms (40,000 ounces) per year.
Mark Lynch
Managing Director
Citigold Corporation Limited
ACN 060 397 177
19 Lang Parade, Milton, Brisbane Queensland Australia
phone: +61 7 3870 8000 fax: +61 7 3870 8111
email: [email protected]
www.citigold.com
STRATEGIC BUSINESS SUMMARY – Citigold Corporation Limited is an emerging gold producer
controlling Australia’s richest goldfield located at Charters Towers in North Queensland. The mesothermal
gold deposit has previously produced 6.6 million ounces (oz) of gold at 34 g/t. Citigold’s gold resource is
10 million oz (23 Mt @ 14 g/t) with the potential to expand. Gold output is planned to increase from
40,000 oz to 250,000 oz per year with a mine life of 30 years. Gold production is unhedged and targets
average cash cost to produce gold under A$250 per oz. The first mine, Warrior, began production in
2006.

DYOR My thoughts and ramblings only