Monday, November 24, 2008

Citadel makes further progress

Owen Hegarty seems to be on another winner. Even though he is only listed as an advisor to Citadel his trademark is all over this one. Today's ASX announcement confirms big things in Saudi Arabia.

"DRILLING CONTINUES TO IDENTIFY HIGH GRADE GOLD AT JABAL SHAYBAN
BROAD ZONES OF GOLD MINERALISATION FROM SURFACE OR NEAR SURFACE"

Highlights:
• RC drilling continues to outline significant gold-rich zones at Jabal Shayban.
• Good continuity of primary and oxide high-grade gold zones demonstrated.
• Results include:
o SH048RC – 31m at 6.89 g/t gold from 15m including 16m at 10.13 g/t.
o SH051RC – 42m at 4.59 g/t gold from 0m including 9m at 12.67 g/t.
o SH044RC – 76m at 2.19 g/t gold from 18m including 7m at 10.05 g/t.
• A diamond drilling rig has been mobilized to site and has commenced testing deeper targets within the Shayban Deposit.

No doubt about this one!!

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