22nd Aug 2007 09:15
Centamin Egypt Limited22 August 2007 22 August 2007 Centamin Egypt Limited DRILLING RESULTS 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 pleasedto announce it has intersected a further extremely high grade zone of goldduring its drilling program at the Sukari project in the Eastern Desert region. This mineralized intersection sits outside the current optimized pit shell andalso outside the upgraded 9.79Moz JORC compliant resource (6.5m oz Measured andIndicated, 3.3moz Inferred) which was announced on 07 August 2007. The high grade gold assay results were intersected in hole RCD1177 which wasdrilled as a step-out hole to test the down dip extension of the porphyry in theAmun 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 dipextension of the Hapi zone within the main porphyry, providing significantresults over the past few months of focus in the Amun Deeps area, whichcontributed 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 lengthfrom the southern Amun to the Pharaoh zone in the north. This includes the veryhigh grade intersection reported last year from RCD553 111m @ 15.06g/t from473m. The continued expansion and robustness of the highly mineralized Hapi zonein all directions has increased the reality of accessing this zone fromunderground. Drilling is currently continuing in this area and further holes are now beingplanned. It is expected that this Amun Deeps zone will continue to materiallyadd to the current global resource. Further assay results from this current Amun Deeps program are as follows: Hole North East Azi Dip EOH (m) From (m) Interval Gold (g/t) (m) RCD1165 10152 10662 270 -80 719.6 343 45 2.35 RCD1177 10198 10706 270 -87 727.10 367 65 18.31 including 367 5 209.43 RCD1163 10201 10649 270 -85 573.30 334 23 2.60 including 336 3 12.73 RCD1162 10249 10700 270 -85 570.50 347 61 2.27 including 403 4 10.04 Some of this information has been diagrammatically represented and is availablefor review at the company's website www.centamin.com For more information please contact: Centamin Egypt Limited+ 61 (8) 9316 2640Josef El-Raghy ([email protected]) Pelham Public Relations+ 44 (0) 207 743 6376Candice SgroiMobile: + 44 (0) 789 446 2114 Evolution Securities+ 44 (0) 20 7071 4300Simon Edwardswww.uk.evosecurities.com 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, is a 'Competent Person' for this purpose and is a'Qualified Person' as defined in National Instrument 43-101 of the CanadianSecurities Administrators. His written consent has been received by the Companyfor this information to be included in this report in the form and context whichit appears. The assay samples were analysed by Ultra Trace Pty Ltd, CanningVale, Western Australia. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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