SurfsUp, you're wrong about that.
CTO still have their:
"10 million ounces of gold (331 tonnes) Inferred Mineral Resource - JORC compliant.
Contained in 23 million tones of rock at 14 grams of gold per tonne of rock.
Size of the deposit determined after an extensive period of evaluation by the company's experienced technical team led by eminent geologist Mr Christopher Towsey, in accordance with the Australasian JORC Reporting Code. The report was published in 2005."
That and more at http://www.citigold.com/newsstory.asp?storynumber=7
In addition, CTO tell us:
"Exploration to date has yielded the current 10 million ounce gold mineral resource. Growing the gold resources and reserves is a core business for Citigold.
Citigold's exploration and studies to date have led to the conclusion that the overall Charters Towers goldfield, currently held by Citigold, has the exploration potential to contain up to 50 million ounces of gold.
That and more from http://www.citigold.com/newsstory.asp?storynumber=3
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