new high grade zone at amun deeps intersected

Centamin Egypt Limited
06 February 2008

Centamin Egypt Limited
("Centamin" or "the Company")
NEW HIGH GRADE ZONE AT AMUN DEEPS INTERSECTED
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
mineralization during its drilling program at the Sukari project in the Eastern
Desert region. The intersection is a significant high grade structure parallel
to and below the Hapi Zone.
Significant assay results from D1280 are as follows:
Interval Gold (g/t)
Hole North East Azi Dip EOH (m) From (m) (m)
D1280 10550 10843 -82 270 726.7 469 48 2.47
550 35 164.09
incl. 557 3 1,842.57
incl. 558 1 5,420.00
incl. 576 2 49.65
The high grade gold assay results in hole D1280 intersected spectacular visible
gold and galena in a massive quartz vein (558 - 559m) figure 1 within highly
mineralised porphyry, which was drilled as a step-out hole to test the down dip
extension of the porphyry in the Amun zone on northing 10550N. This hole
intersected a high grade zone of 35m @ 164.09g/t Au from 550m, containing a
higher grade zone of 3m @ 1,842.57g/t Au from 557m (including 1m @ 5,420g/t Au
from 558m with abundant visible gold).
This deeper structure correlates to 6m @ 15.21g/t Au in hole RCD521 from 542m
(figure 2) and 22m @ 21.83g/t Au from 549m in hole RCD1221 25m to the south
(announced 21 November 2007).
Figure 1 - D1280, 558 - 559m; massive milky quartz vein, gold veinlets and
galena, zone beneath Hapi Zone
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related to this announcement:
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This mineralized intersection sits outside the current optimized pit shell and
also outside the upgraded 7.46 Moz Measured and Indicated resource (Measured
2.72Moz, Indicated 4.74Moz), and 3.7 Moz Inferred resource, which was announced
on 19 December 2007.
The current drill program has been very successful in targeting the down dip
extension of the Hapi zone and deeper parallel high grade structures within the
main porphyry, providing significant results over the past few months of focus
in the Amun Deeps area. It remains the Company's strategy to drill further the
Amun Deeps zone to add significant ounces to the global gold resource.
Figure 2 - Section 10550N displaying high grade zones in hole D1280
Paste the following link into your web browser to download the PDF document
related to this announcement:
http://www.rns-pdf.londonstockexchange.com/rns/3926n_-2008-2-6.pdf
For Centamin Egypt Limited
Josef El-Raghy
Managing Director/CEO
06 February, 2008
For more information please contact:
Centamin Egypt Limited Pelham Public Relations Ambrian Partners Limited
+ 61 (8) 9316 2640 + 44 (0) 207 743 6376 + 44 (0) 207 776 6400
Josef El-Raghy Candice Sgroi Richard Brown
www.centamin.com Mobile: + 44 (0) 7894 462 114
Information in this report which relates to exploration, geology, sampling and
drilling is based on information compiled by geologist Mr R Osman who is a full
time employee of the Company, and is a member of the Australasian Institute of
Mining and Metallurgy with more than five years experience in the fields of
activity being reported on, and is a 'Competent Person' for this purpose and is
a "Qualified Person" as defined in "National Instrument 43-101 of the Canadian
Securities Administrators". His written consent has been received by the Company
for this information to be included in this report in the form and context which
it appears. The assay samples were analysed by Ultra Trace Pty Ltd, Canning
Vale, Western Australia.
The information in this report that relates to mineral resources is based on
work completed by Mr Nicolas Johnson, who is a Member of the Australian
Institute of Geoscientists. Mr Johnson is a full time employee of Hellman and
Schofield Pty Ltd and has sufficient experience which is relevant to the style
of mineralisation and type of deposit under consideration and to the activity
which he is undertaking to qualify as a "Competent Person" as defined in the
2004 edition of the "Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves" and is a "Qualified Person" as defined in "
National Instrument 43-101 of the Canadian Securities Administrators". Mr
Johnson consents to the inclusion in the report of the matters based on his
information in the form and context in which it appears.
This information is provided by RNS
The company news service from the London Stock Exchange
END