CEO of LionGold Nicholas Ng appointed non-executive director of Citigold Corp.

Nicholas Ng, the CEO of LionGold Corp, has been appointed as non-executive director of Australian gold miner Citigold Corp.

LionGold has an 18% stake in ASX-listed Citigold and is the single largest shareholder of the company. LionGold has gold mining and exploration operations in Northeast Queensland.

Its Charters Towers deposit holds a JORC-compliant Mineral Resource of 11 million ounces of gold at an average grade of 14 grams per tonne. The mine is now entering a development and ramp-up phase aimed at raising gold production levels.