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  Citigold Corporation is an Australian gold mining company with operations based at Charters Towers in north eastern Australia. A growth company that aims to a growing cash flow from expanding gold mining operations. The Charters Towers gold and silver deposit is a unique reef system and is one of the highest grade goldfields in Australia. Following the completion of extensive studies of the Charters Towers ore body, the Charters Towers project is now entering a development and ramp up phase which will result in a significant increase in production levels.

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Charters Towers Project

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Based on mining experience at Charters Towers, technical research and analysis, financial evaluation and steady investment to efficiently acquire and develop operations an ambitions plan was formulated to expand Citigold into a 320,000 ounce gold producer from two adjacent underground mining operations supplying gold ore to a central Company owned processing plant. Citigold hold's all of the high grade Charters Towers goldfield where a Mineral Resource of 10,000,000 ounces of gold (331 tonnes) at an average grade of 14g/t gold has been defined (23 million tonnes @ 14g/t gold) and documented, to JORC(Joint Ore Reserves Committee) Code reporting standards.

Large 23M/tonne at 14 g/t gold deposit is JORC compliant, in sheet like fractures, 147 kms of drilling, 1800 holes, 1550 significant drill samples, a 3 metre-grams of gold per tonne resource cut-off, gold starting 100m from surface down up to 1200m deep. More...
Studies indicate Citigold’s overall goldfield has exploration potential of up to 50 million ounces of gold at a grade range of 7 to 14 g/t, depending on width of mineralisation and dilution factors, contained in range of 220 to 110 million tonnes respectively. More...
Queensland’s high environmental standards and regulations are endorsed by a policy to mine profitably and sustainably without harming community or environment based on an established background of environmental management and community relations. More...
Citigold’s low risk operating cost advantages are strong rock, no earthquakes, no flooding, rich ore, large deposit, trained workforce, industrial supplies plus good infrastructure of grid electricity, water supply, roads, railway, airport, housing, schools and hospitals. More...