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INITIAL DRILLING AT KURDEMAN PROSPECT INTERSECTS ORE GRADE ZONES

Centamin Egypt Limited (ASX:CNT, AIM:CEY, TSX:CEE) which is developing the first large scale modern gold mine in Egypt is pleased to announce that it has intersected ore grade zones during reconnaissance reverse-circulation drilling of historical workings at the Kurdeman prospect in Egypt’s eastern desert.
The initial 5 hole drill program was carried out at the Kurdeman prospect, which lies 8 kilometres south along strike of the major Sukari gold deposit which Centamin is developing to bring into production in the fourth quarter of 2008. As previously reported, the current resource estimate of the Sukari deposit stands at 6.84 Moz Measured and Indicated, and 3.6Moz Inferred.
Drilling intersected the targeted quartz vein-shear zone, which was worked by ancient and colonial miners, hosted in felsic to intermediate volcanic and intrusive rocks.
The high grade gold mineralisation intersected is associated with smoky grey quartz veins and sulphides. Hole KRC002 returned an ore grade intercept of downhole thickness 9m @ 9.29g/t Au from 27m, including 2m @ 32.2g/t Au from 32m in the smoky quartz vein.
The shallow ore grade interval was in a wider 30m zone of Au anomalous, hydrothermally altered and sheared felsic to intermediate rock. Hole KRC005, drilled 140m south along strike of KRC002, intersected similar zones involving smoky, massive quartz veining in sheared and altered felsic rocks.
Two ore grade zones were returned, 3m @ 4.56g/t Au from 18m (including 1m @ 8.54g/t from 19m) and 2m @ 11.92g/t from 26m, with a similar halo of mineralisation in altered and sheared rock. The intersections are open along strike and down dip.
Centamin is planning further drilling to assess the Kurdeman Shear Zone and quartz veins. The company considers Kurdeman and the numerous other regional targets contained within the 160 km2 Sukari Concession, to be highly significant as potential sources of high grade mill feed for the Sukari plant.
Geological sampling and mapping at several other regional prospects close to the main Sukari Gold Mine have also returned strongly gold anomalous results requiring follow up.