JEDDAH: The Citadel Resource Group (CRG) has struck gold; literally. Results announced Friday after analysis of sample taken from their Shayban concession in Wadi Harwara, about 200 kilometers north of Jeddah confirm yields of up to 37.8 grams per ton (g/t). The average grade is expected to be about 2.5 to 3g/t — comparable to many international gold operations.
CRG, in a press statement said that it had received further results from the maiden drilling program at its Shayban Gold Project. Gold, silver, and base metal assay results had also been received for an additional 15 reverse circulation (RC) drill-holes and silver and base metal results have been received for an additional 11 drill-holes where gold results had previously been only reported.
“These results significantly enhance the potential of the Shayban project,” said Inés Scotland, CEO of Citadel. “Broad zones of gold, silver, and base metal mineralization have been intersected along the entire strike length drilled. The mineralization appears to be thicker than previously interpreted, and extends beyond the limits of the current resource, and remains open in all directions.”
She explained that CRG was waiting for the RC rig to return from repairs after which the immediate focus would be defining more clearly the extent of the bonanza gold zone of which was intersected 39m at 37.8 g/t in drill-hole SH031 and also to test the primary zones along strike, down dip and down plunge.
Citadel’s maiden RC program at Shayban has significantly enhanced the Shayban Project, and has shown its potential to be a significant mineral resource. Mineralization has now been delineated over a 550m strike and is currently open in all directions.
The Shayban concession yielded, as well as the gold strike, very significant amounts of other commercially valuable metals — including silver, copper and zinc.
The official statement says “Assays confirm significant silver and base metal credits in the previously reported gold zones and highlight the polymetallic nature of the mineralization.”
The announcement follows on from the July 2 announcement that CRG’s and the Saudi company CMCI’s 50/50 joint venture Jabal Sayid minerals project in Saudi Arabia was to expand following the discovery of “spectacular copper intersections and the imminent addition of gold and silver to the resource mix.” The then new results from diamond drill hole, including a 301-meter intersection returning 2.7 percent copper, “confirmed the consistency of mineralization at depth in the massive Lode 4 resource envelope and further support the down plunge potential of the deposit. Scotland, described the July 2 drill hole results as; “absolutely fantastic.”
