Centurion Minerals Ltd. Locates Vuggy Massive Silica Outcrops
21.02.2012 | Marketwire
Extends Gold-Bearing StructuresVANCOUVER, BRITISH COLUMBIA -- (Marketwire - Feb. 21, 2012) - Centurion Minerals Ltd. (TSX VENTURE:CTN) ("Centurion", "the Company") is pleased to announce that gold showings from recently discovered vuggy massive silica outcrops in the Zulham and Simpang Tiga prospects have extended the inferred gold zone in the Banda Raya, Northern Sumatra property to approximately 2.5 kilometres (km). The vuggy texture is considered to be the result of alteration and mineralization processes in a high-sulfidation epithermal environment. Gold is distributed within areas of vuggy silica in many epithermal deposits.
In the Zulham epithermal gold prospect, drill targets have been determined and drill pad construction is in final preparation stages to commence a first-phase drilling program that will test the extension of the breccia zones where encouraging gold assays were recently reported from hand-held mobile drilling. A minimum 1,500 metre (five to six holes) program has been designed to test the gold-bearing breccias for high-grade zones at depth and to intersect a postulated, separate breccia rock formation, wherein three boulders on the ridge crest previously reported gold values of 20 g/t, 6 g/t, and 3 g/t Au. Highlights of previously announced hand-held drill hole results from the prospect include: 5m @ 2.76 g/t Au from hole ZWDH-08; and 3.2m @ 1.79 g/t Au from hole ZWDH-09 (News Release - February 6, 2012).
Four short drill holes have been completed in the nearby Keladi prospect and two of them have intercepted zones of epithermal-style alteration and sulfide mineralization. Assays are pending. These rigs will be relocated shortly to test the Simpang Tiga epithermal gold prospect.
The Zulham, Keladi, Simpang Tiga, and Geudob prospects lie along the southern rim of a 4 km diameter circular feature, which itself is part of the 20 km long Miwah-Menawan gold lineament extending from the Miwah epithermal (high-sulfidation) gold deposit (3.14 million oz Au - 103.9 million tonnes averaging 0.94 g/t gold) in the west, to the Menawan porphyry-type mineralization in the east.
Centurion is also pleased to announce the appointment of Mr. Kassy Akiro as the Company's Chief Geologist. Mr. Akiro and Exploration Project Manager Mr. Dott are jointly responsible for all exploration activities. Mr. Akiro has 31 years of experience in the mineral resource industry, 25 of which were spent on exploring epithermal and porphyry deposits in Indonesia, PNG, and Mongolia. Recently he served as Chief Geologist for the Miwah and Barisan projects in Aceh Province, Indonesia. Mr. Koiti Mel has resigned as Chief Geologist and the Company wishes him the best in his future endeavors.
Qualified Person, Quality Assurance and Quality Control
Thomas Mulja, Ph.D., P.Geo and Chief Operating Officer of the Company is the Qualified Person under National Instrument 43-101 who has supervised the preparation of the technical contents of this news release.
ABOUT CENTURION
Centurion Minerals Limited is an Indonesian-based, Canadian-headquartered company focused on the exploration and development of gold and other precious metal projects in Indonesia.
On Behalf of the Board,
David G. Tafel
President and CEO
This news release may contain forward looking statements concerning future operations of Centurion Minerals Ltd. (the "Company"). All forward looking statements concerning the Company's future plans and operations, including management's assessment of the Company's project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company's control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information
Centurion Minerals Ltd.
Investor Relations
(604) 484-2161 or Toll Free (North America) 1-877-784-2161
(604) 683-8544 (FAX)
info@centurionminerals.com
www.centurionminerals.com