Citadel Resource Group Limited announce the results of BDH4028 from its underground drilling program at Jabal Sayid, Saudi Arabia. Underground drillhole BDH4028 was drilled from the decline, 300m below surface, midway between Lode 2 and Lode 4. The drillhole is the first to be drilled in Citadels underground deep drilling program and was designed to test the top of the “Lode 4 Deeps” exploration target (the down plunge extension of Lode 4) below the current resource model. To date, BDH4028 is the deepest hole drilled into the project and has succeeded in delineating mineralisation below the 1140mRL level with an intercept of 76.4m at 3.03% Cu, 0.43 g/t Au, 18.9 g/t Ag (to end of hole). The hole extends the known mineralisation at least 60m below the current resource boundary. BDH4028 was programmed to a total depth of 750m and encountered strong (+5% Cu) mineralisation at 605.7m when the hole was suspended due to technical difficulties until specific drilling equipment can be mobilised to site.
Citadel Resource Group Limited announced the completion of a share placement to raise money for the development of Citadel's gold heap leach project at the Jabal Sayid Project in Saudi Arabia.
Shares totaling 213,456,000 have been placed at 10.5 cents per share, raising a total amount of A$22,412,880 before costs.
Citadel Resource Group announced results from infill drilling program at Lode 2 at the Jabal Sayid project in Saudi Arabia. Highlights of the new drill results include 103.4 m of 2.9% copper, 0.6 g/t gold, 15.4g/t silver from 130 m downhole, including, 46.5 m of 4.1% copper, 0.9 g/t gold, 29.8 g/t silver from 131.5m in hole BDH2032A.
Advanced or Above