Inter-Citic Minerals Inc. is a federally incorporated Canadian public company listed on the TSX (symbol - ICI). Based in Toronto, Inter-Citic has an exclusive focus on gold exploration and development opportunities in China and is currently exploring its flagship Dachang Gold Project it acquired in 2003. In 2004 and 2005 Inter-Citic undertook major surface exploration at Dachang. Since 2006 Inter-Citic has conducted progressively larger exploration and drilling programs with a goal of expanding and defining both the exisiting gold resource as well as making new discoveries on other parts of the large Dachang property.
Inter-Citic is a growing gold exploration and development company unlike any other junior mining company. For more than a decade Inter-Citic has been developing relationships and opportunities in China and is regarded as a valued partner. With a wealth of board, management and advisor talent and experience, Inter-Citic is well-positioned to become a major player in China.
In 2003 Inter-Citic signed a 30-year joint venture agreement with the Qinghai Geological Survey Institute (QGSI) which also gives Inter-Citic a formal right of first refusal on subsequent projects, offering a rich opportunity pipeline for future gold and mineral exploration and development.
Prior to the current Dachang Gold Project, Inter-Citic already had a wealth of practical mineral experience in China. Previously it acquired an 80% interest in a rare-earths facility in eastern China employing more than 100 people. Inter-Citic has also worked in close partnership with Minmetals International Non-ferrous Metals Trading Company, one of the largest non-ferrous metals suppliers in China and identified by the Chinese government as one of the State Owned Enterprises vital to China's economic security.
Projects and partnerships like these over more than a decade in China have allowed Inter-Citic to build relationships and exciting opportunities in the complex and dynamic Chinese economy.