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To: LoneClone who wrote (30866)1/6/2009 1:35:08 PM
From: LoneClone  Read Replies (1) | Respond to of 194000
 
Inter-Citic Releases New Drill Hole Results From Dachang Gold Project
Tue Jan 6, 9:00 AM

ca.news.finance.yahoo.com

TORONTO, ONTARIO--(Marketwire - Jan. 6, 2009) - Inter-Citic Minerals Inc. (TSX: ICI.TO)("Inter-Citic" or "the Company") President and CEO James Moore, is pleased to report results received from the seventh set of drill holes from the Company's 2008 diamond drill program at its Dachang Gold Project in China. The drill holes reported in this release include both step-out holes in new parts of the property outside of the previously reported NI 43-101 compliant inferred resource area, as well as infill holes on the Dachang Main Zone (DMZ).

Drill Highlights:

- Drill hole CJV-529 is an infill hole on the DMZ, and intersected multiple mineralized zones, including 2.3 metres of mineralization averaging 7.13 GPT contained gold, 3.8 metres of mineralization averaging 2.24 GPT contained gold, and 7.9 metres of mineralization averaging 4.74 GPT contained gold.

- Drill hole CJV-532 is an infill hole on the DMZ, and intersected multiple mineralized zones, including 2.2 metres of mineralization averaging 6.48 GPT contained gold, and 4.2 metres of mineralization averaging 4.65 GPT contained gold.

- Drill hole CJV-537 is an infill hole on the DMZ, and intersected multiple mineralized zones, including 5.1 metres of mineralization averaging 3.59 GPT contained gold.

- Drill hole CJV-540 is an infill hole on the DMZ, and intersected multiple mineralized zones, including 20.0 metres of mineralization averaging 1.88 GPT contained gold.

- Drill hole CJV-543 is a step-out hole on the Placer Valley Zone (PVZ), and intersected multiple mineralized zones, including 3.4 metres of mineralization averaging 10.98 GPT contained gold.

- Drill hole CJV-548 is an infill hole on the DMZ, and intersected multiple mineralized zones, including 3.0 metres of mineralization averaging 7.43 GPT contained gold, and 8.0 metres of mineralization averaging 3.08 GPT contained gold.

Detailed drilling results are set out in the chart below:

--------------------------------------------------------------------------
Diamond Location/ Dip/ From To Drill Gold Assay
Drill Hole Section Azimuth (Metres) (Metres) Width (grams per
No. (Degrees) (Metres) tonne)
--------------------------------------------------------------------------

CJV-526 DMZ-X No significant assays reported
1400E

CJV-527 DMZ -45 / 20 20.00 21.00 1.00 0.91
5325 34.00 35.00 1.00 0.80
48.50 51.80 3.30 1.20
146.80 147.80 1.00 2.57

CJV-528 DMZ -45 / 200 11.00 12.00 1.00 0.60
1400E 28.40 31.40 3.00 0.85
35.40 36.40 1.00 0.50
47.80 48.80 1.00 0.73
53.90 54.40 0.50 0.70
56.40 57.40 1.00 0.59
59.10 61.20 2.10 0.69

CJV-529 DMZ -47 / 20 82.60 84.90 2.30 7.13
9700 98.50 102.30 3.80 2.24
107.00 108.00 1.00 0.91
114.20 116.00 1.80 0.99
125.60 133.50 7.90 4.74
167.70 168.40 0.70 2.65

CJV-530 DMZ-X -45 / 20 55.70 56.70 1.00 1.99
3400E 66.20 67.40 1.20 0.59
71.80 73.20 1.40 1.46
77.20 78.60 1.40 2.67
81.20 82.90 1.70 0.65
86.90 87.90 1.00 0.65
96.80 97.80 1.00 1.54
148.20 149.20 1.00 1.73

CJV-531 DMZ -65 / 20 17.70 20.30 2.60 1.97
5325 49.00 50.00 1.00 2.92
64.70 74.00 9.30 1.70
77.30 84.30 7.00 1.34

CJV-532 DMZ -68 / 20 80.30 81.30 1.00 5.89
9700 129.20 133.20 4.00 2.46
137.30 139.50 2.20 6.48
142.50 146.70 4.20 4.65
154.00 156.10 2.10 2.24

CJV-533 DMZ-X No significant assays reported
3065E

CJV-534 DMZ-X Hole abandoned due to drilling conditions
3900E

CJV-535 PVZ -45 / 20 10.30 12.40 2.10 1.90
1760 22.10 24.10 2.00 2.63
41.20 42.40 1.20 1.79
89.20 90.00 0.80 2.45
92.50 94.50 2.00 1.23
108.00 109.00 1.00 1.06
157.00 158.00 1.00 1.80
165.00 166.00 1.00 0.79
172.50 175.70 3.20 0.73

CJV-536 DMZ -45 / 20 70.30 73.20 2.90 1.76
3900

CJV-537 DMZ -77 / 200 14.70 15.70 1.00 4.55
5325 79.70 83.70 4.00 2.61
103.10 108.20 5.10 3.59
128.20 129.20 1.00 0.93
137.20 138.00 0.80 1.60
141.00 142.20 1.20 0.72

CJV-538 DMZ -57 / 200 16.40 17.50 1.10 1.43
5325 20.20 21.20 1.00 1.72
64.30 65.30 1.00 1.80
70.50 71.50 1.00 1.56
75.00 78.00 3.00 1.45
81.50 84.00 2.50 4.04

CJV-539 DMZ -62 / 20 91.50 93.00 1.50 0.55
3900 119.40 120.00 0.60 2.12
131.00 131.70 0.70 1.30

CJV-540 DMZ -47 / 20 45.20 46.20 1.00 4.30
9900 49.70 69.70 20.00 1.88

CJV-541 DMZ -45 / 20 130.00 131.00 1.00 1.14
5325

CJV-542 DMZ -45 / 20 25.20 26.20 1.00 0.61
4125 29.20 35.40 6.20 0.76
117.20 119.20 2.00 1.45
160.20 161.40 1.20 0.50

CJV-543 PVZ -80 / 20 37.20 40.30 3.10 0.99
1760 80.10 81.10 1.00 0.55
88.10 89.10 1.00 1.70
108.10 109.10 1.00 3.12
143.80 145.70 1.90 1.84
157.20 158.20 1.00 1.60
161.30 164.70 3.40 10.98

CJV-544 DMZ -80 / 20 152.10 156.10 4.00 0.78
5325 162.60 167.00 4.40 3.59
170.00 171.00 1.00 0.53
174.00 178.00 4.00 4.46

CJV-545 Assays pending

CJV-546 PVZ -50 / 20 45.30 49.60 4.30 1.14
3600

CJV-547 DMZ-X -72 / 20 1.00 2.00 1.00 0.83
1400E 13.50 14.50 1.00 0.97
20.00 21.00 1.00 2.01
43.50 52.50 9.00 1.44

CJV-548 DMZ -73 / 20 94.50 97.50 3.00 7.43
9900 110.50 111.50 1.00 1.60
136.50 144.50 8.00 3.08
147.70 150.00 2.30 0.97

DMZ: Dachang Main Zone - The original 2km long zone of mineralization
defined by the 2006 DDH program
DMZ-X: Dachang Main Zone Extension - A 1.5 km long zone of mineralization
extending off the eastern end of the DMZ as defined by the 2007 DDH
program
PVZ: Placer Valley Zone - A south dipping mineralized fault 1 km south of
the DMZ

Assay cut-off for the above table was at 0.5 gpt Au, however, intervals were
determined by geological interpretation of consistent mineralized zones.
Broader intervals may include waste intervals of up to 2m. There was no
evidence of nugget effect and none were topcut. True widths for the
intervals above have yet to be determined.


Step-out drill holes are in new areas of the Dachang Gold Property adjacent to the Company's existing NI 43-101-compliant inferred resource area on the DMZ, or on the Company's Placer Valley anomaly (PVZ), a mineralized fault zone approximately 1 km to the south of the DMZ.

Infill holes are testing continuity of the Company's existing NI 43-101-compliant inferred resource area on the total 3+ km extent of the Dachang Main Zone as described in the Company's press release of April 10, 2008. The sulphide mineralization of the DMZ is open to depth along most of this defined fault structure and is still open to the east and west. A visual representation of the location of the drill holes in this release can be seen at: corebox.net or as a map on the Company's website.

The Company still has almost 100 additional completed drill holes from the 2008 exploration program at Dachang to be reported. Assay results will be reported as they become available.

Sample Methodology:

Drill core samples were taken at geologically significant intervals, typically over one metre. Core recovery was in excess of 90%. The designated sample intervals were cut with a diamond saw by qualified technicians. One half of the cut core was selected for assay with the remaining half being placed back into the core box. Care was taken to ensure that neither half of the core represents a bias with respect to the nature and mineral content of the sample. The sample interval and methodology are consistent with industry standards. Drill core samples were shipped to SGS Geochemical Laboratories ("SGS") located in Kunming and Tianjin, China for sample preparation and 50g fire assay with AA finish. SGS is the world's leading inspection, verification, testing and certification company. Analytical work is performed in accordance with recognized standards such as ASTM, ISO, JIS, and other accepted industry standards. Accuracy of the results is tested through the systematic inclusion of reference samples and duplicate samples.

Security of Samples: All of the samples collected at Dachang are stored in a restricted secure storage area. Samples are shipped by truck to Golmud and delivered to Inter-Citic's courier agent in Golmud for shipment to the various laboratories for analysis. Inter-Citic's courier agents are present at all transshipment points between Golmud and the laboratories. Exploration at Dachang was conducted with the assistance of the numerous professionals from the Qinghai Geological Survey Institute, working in co-operation with Inter-Citic's technical team on site and supervised by Mr. Garth Pierce, Vice-President of Exploration.

Mr. Michael W. Leahey, P.Geo., the Company's internal Qualified Person under the requirements of National Instrument 43-101, has reviewed a copy of this press release.

Mr. B. Terrence Hennessey, P.Geo., of Micon International Limited is a Qualified Person under the requirements of National Instrument 43-101 and has reviewed a copy of this press release.

On Behalf of the Board:

James J. Moore, President & CEO

ABOUT INTER-CITIC:

Toronto-based Inter-Citic Minerals Inc. is an exploration and development company with properties in the People's Republic of China, including its Dachang Gold Project in Qinghai Province. Inter-Citic is listed on the TSX under the symbol ICI. Inter-Citic's website is www.inter-citic.com.

Investors are encouraged to review "Risk Factors" associated with the Dachang project as outlined in the Company's 2007 Financial Statements and Annual Information Form available on the SEDAR website at www.sedar.com. The statements herein that are not historical facts are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in the company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contacts

Stephen Lautens
Inter-Citic Minerals Inc.
Vice President, Corporate Communications
(905) 479-5072 x 227
Email: stephen@inter-citic.com
Website: www.inter-citic.com