copper mineralisation extended 100 metres

Citadel Resource Group Limited - ASX Release 23 May 2008
LODE 4 COPPER MINERALISATION EXTENDED 100 METRES ABOVE THE EXISTING MINERAL RESOURCE ENVELOPE
Drillhole BDH-4011 intersects 223m at 1.1%Cu, 0.3 g/t Au from 153m,
incl 48m at 2.3% Cu, 0.7 g/t Au from 153m to 201m downhole
Highlights:
• BDH4011 returned 223m at 1.1% Cu, 0.3 g/t Au from 153m to 376m downhole, including 48m at 2.3% Cu, 0.7 g/t Au, 20.1 g/t Ag from 153m to 201m.
• This drillhole intersected high grade copper mineralization 150m below surface which is 100m above the existing Lode 4 resource envelope.
• BDH 4013 (assays pending) was drilled for metallurgical testwork. It intersected sulphide mineralization over an interval of +300m from 120m to 430m down hole.
• Logging indicates BDH 4013 also intersected high grade copper mineralization from approximately120m downhole, more than 100m above the current resource boundary, consistent with the results from BDH4011.
• Lode 4 Resource drilling program modified to further test and extend this higher level mineralization.
Citadel Resource Group Limited (ASX: CGG – “Citadel”) is pleased to announce that it continues to receive excellent near surface copper assays from the Lode 4 drilling program at its 50%-owned Jabal Sayid Copper Project in Saudi Arabia.
BDH 4011 was drilled to infill the current inferred resource in Lode 4 at Jabal Sayid. It hit mineralisation 100m higher than expected. It intersected 223m at 1.1% Cu, 0.27g/t Au, 7.4g/t Ag from 153 to 376m downhole, including 48m at 2.3% Cu, 0.70g/t Au, 20.1g/t Ag. Refer to Table 1 below for complete information.
Drillhole BDH4013 was drilled for to provide samples for metallurgical testwork. Assays are pending, however core logging has been completed. The hole was expected to encounter the top of Lode 4 at approximately 250m downhole however it intersected a plus 300m mineralized interval beginning at 120m downhole.
The results are significant in that both holes have intersected high grade copper mineralization 100 metres higher than modelled for the recent resource estimate (ASX announcement 21 February, 2008). The Lode 4 copper mineralisation extends at least to within 120m of the surface, compared with previous interpretations which had shown mineralisation to start at 250m below surface, and remains open up plunge at Lode 4.
Commenting on these latest results Ines Scotland, CEO said:
“We’ve previously announced that Jabal Sayid is open at depth and along strike, we didn’t realize it’s also open towards surface. This is a fantastic copper project and it just keeps getting better.
Drillhole 4011 has intersected plus 2% copper mineralization 100m above the current resource boundary and this has been affirmed by BDH4013 which was drilled for metallurgical samples.
In light of the results we have modified the Lode 4 resource drilling program adding an additional 5 or 6 holes to drill out the upper parts of Lode 4 as we expect that this will add significant tonnage to the resource.
Jabal Sayid has the Grade and Tonnes and Citadel has a team focused on execution.”
Figure 1 – Cross Section showing drillholes BDH4011 and BDH4013
Figure 2 – Plan View Showing Lode 4 Mineralisation
Table 1 - Assay Summary
Drill Hole
From
To
Intercept
Au
Ag
Cu
Zn
Description
No
m
m
m
g/t
g/t
%
%
BDH4011
153.0
376.0
223.0
0.27
7.37
1.11
0.11
Stockwork
incl
153.0
201.0
48.0
0.70
20.1
2.25
0.20
Incl.
Table 2 Hole Collar Locations
Drill Hole_ID
East (m)
North (m)
RL (m)
Depth (m)
Azimuth
Angle
BDH4011
697950
638900
975
500.0
270
-86
BDH4013
697909
638926
975
656.2
180
-81
For a more detailed Technical Summary of the Jabal SayidProject please refer to the link on the home page of our website: www.citadelrg.com.au.
Note 1: The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Steve Rose, who is a Member of the Institution of Materials, Mining and Metallurgy, a Chartered Engineer and a Member of the Australasian Institute of Mining and Metallurgy, and is the Chief Geologist of Citadel Resource Group. Steve has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results and Mineral Resources.. ". Steve consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
For further information please contact:
Citadel Resource Group Limited
Fletcher Quinn (Chairman) or Inés Scotland (CEO)
0417 612 627 04000 39664 [email protected] [email protected]
Media Enquiries
John Field
Field Public Relations
08 8234 9555
Email - [email protected]
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