DRILL PROGRAM CONTINUES TO INTERSECT HIGH GRADE GOLD
Centamin Egypt Limited (“Centamin” or “the Company”) (ASX:CNT, AIM:CEY, TSX:CEE) which is developing the first large scale modern gold mine in Egypt, is pleased to announce it has intersected a further extremely high grade zone of gold during its drilling program at the
Sukari project in the Eastern Desert region.
This mineralized intersection sits outside the current optimized pit shell and also outside the upgraded 9.79Moz JORC compliant resource (6.5m oz Measured and Indicated, 3.3moz Inferred) which was announced on 07 August 2007.
The high grade gold assay results were intersected in hole RCD1177 which was drilled as a step-out hole to test the down dip extension of the porphyry in the Amun zone. This hole intersected a wide high grade zone of mineralization of 65m @ 18.31g/t gold and within this
was a higher grade zone of 5m @ 209.43g/t gold.
The current drill program has been very successful in targeting the down dip extension of the Hapi zone within the main porphyry, providing significant results over the past few months of focus in the Amun Deeps area, which contributed 70% of the added material in
the last announced resource upgrade.
The Hapi zone has been now been interpreted over 1.5 kilometres of strike length from the southern Amun to the Pharaoh zone in the north. This includes the very high grade intersection reported last year from RCD553 111m @ 15.06g/t from 473m. The continued expansion and robustness of the highly mineralized Hapi zone in all directions has increased the reality of accessing this zone from underground.
Drilling is currently continuing in this area and further holes are now being planned. It is expected that this Amun Deeps zone will continue to materially add to the current global resource.
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