Chinese Government Grants Inter-Citic New Exploration Licenses

Inter-Citic Minerals Inc.(TSX:ICI) announced the renewal of three key exploration licences at the Dachung Gold Project. The Chinese Ministry of Land and Resources granted Inter-Citic a two year extension of three exploration licences.

As quoted in the press release:

In addition, the Company asked for and received from the Chinese Government a re-drawing of the boundaries of the remaining two exploration licenses within the property area to facilitate permitting of the Dachang Main Zone (“DMZ”), which hosts most of the Company’s current NI 43-101 compliant inferred mineral resource estimate and is planned for open pit mine development. The overall area of these licenses remains unchanged at approximately 106 square kilometers.

Click here to read the Inter-Citic Minerals Inc. (TSX:ICI) press release