Citigold Corporation
Citigold Corporation is an Australian gold mining company producing from Australia's highest grade gold deposit at Charters Towers in north eastern Australia. Citigold is an ASX/S&P 300 index company with plans to quadruple its size and valuation. The current underground capital works program aims to lift gold production in stages from 2009 towards 300,000 ozs annually by 2012. Citigold hold's 100% of the goldfield where a Mineral Resource of 10,000,000 ounces of gold (311 tonnes) at an average grade of 14 g/t gold, to strict JORC reporting standards, has been drilled and documented. This gold asset is high grade, low cost, long life and surrounded by well established infrastructure.