golden ... 10 million ounces ... , page-8

Frantic, from what I have read and analysed CitiGold are taking things carefully, one step at a time.

Gold production is gradually being ramped up and is profitable, even more so with gold over AUD900.

Exploration upside is mind boggling! Their leases cover hundreds of square kilometres!

Should everything pan out as hoped for goodness knows what this company could be capitalised at with gold over US$1000.

From the company profile section of CTO's 2007 Annual Report:

Charters Towers Goldfield Pedigree

• Over 6 million ounces (200 tonnes) hard rock gold production

• Average in-situ grade was 38 g/t (1.2 ounces) tonne, richest in Australia

• Gold grades of over 60 g/t (2 ounces) were not unusual

• Free milling ore

• Dividends paid by previous operators of over A$900 million in current dollar value.

• Most gold came from one 5 kilometre long reef

• Citigold has identified five major reefs

• Most gold came from above 700 metres depth

• Drilling has proven gold goes to 1,280 metres and indications are to 3,000 metres

• The harder than concrete granite country rock made past mining difficult but is ideal for modern mechanised mining..."