13th Jun 2007 15:25
Centamin Egypt Limited13 June 2007 Centamin Egypt Limited ('Centamin Egypt' or 'the Company') Drilling Results MINERALISED EXTENSIONS DEFINED AT SUKARI AND REGIONAL EXPLORATION COMMENCES Results have been received today for RCD1073 drilled to test the down dipextension of the porphyry in the Amun zone. Significantly this hole intersectedan extremely wide zone of mineralization of 197m @ 2.18g/t gold and within thiswas a higher grade core of 100m @ 3.51g/t gold (see www.centamin.com forgraphical illustrations). This mineralized intersection sits outside of thecurrent optimized pit shell and also outside of the previously announcedresource of 9.01moz. The current drilling in the Amun zone was designed to deepen the previous openpit optimizations which had bottomed on drilling data rather than a lack ofmineralization or pit economics. Previous geological interpretations were alsolimited in this area by a lack of drilling and this vastly mineralizedintersection will now lead to more drilling being planned in this area whichwill clearly lead to further significant resource growth. Regional Exploration Commences Within the 160km sq. Sukari Mining Lease exists several areas of great interestfor modern gold exploration. Several of these areas have hosted prior productionduring the Pharaonic, Roman and British mining efforts through Egypt's history.Work has now commenced on several of these near mine prospects with initialmapping, rock chip sampling and trenching to be followed by drilling. Mappingand rock chip sampling is currently underway at the Student, Pincer, RomanGarrison and Mike prospects. These prospects take the highest priority due totheir proximity to the imminent mining operations. The Company is extremely pleased with the latest drill result from the AmunZone. Our previous interpretations, based upon limited drilling at depth,suggested that the porphyry hosting the gold mineralisation was thinning,however this latest drilling indicates this is not the case. The significance ofRCD1073 cannot be underestimated as we anticipate further drilling will continueto define significantly more ounces in the Amun zone than initially expected. Drilling continues with 9 rigs on the Sukari site. Josef El-RaghyManaging Director/CEO Information in this report which relates to exploration, geology, sampling anddrilling is based on information compiled by geologist Mr R Osman who is a fulltime employee of the Company, and is a member of the Australasian Institute ofMining and Metallurgy with more than five years experience in the fields ofactivity being reported on, and is a 'Competent Person' for this purpose. Hiswritten consent has been received by the Company for this information to beincluded in this report in the form and context which it appears. 13 June 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Centamin PLC