🕐04.03.10 - 00:05 Uhr

CitiGold Corporation [ASX: CTO, FSE: CHP] - Citigold signs MOU to develop Charte
rs Towers City mining area



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CitiGold Corporation [ASX: CTO, FSE: CHP] - Citigold signs MOU to develop Charters Towers City mining area

Citigold Corporation Limited (ASX: CTO, FSE: CHP) has signed a non binding Memorandum of Understanding with Henan Jinqu Gold Company Limited (Jinqu), China, to form a joint venture company to develop the City mines of Citigold�s Charters Towers gold project (North Queensland).

Under the terms of the MOU Jinqu may acquire up to a 50% interest in the joint venture company which will own granted mining leases with permits to mine and associated infrastructure, containing a gold Mineral Resource of 1.8 million ounces.

Please find more details in the attached announcement.

For further information, please contact:

Matthew Martin
Company Secretary
Tel: +61 7 3834 0000

Media:
Fortbridge
Luke Dean
Tel: +61 2 9331 0623
Mob: + 61 414 535 433
Email:


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