20th Jun 2006 09:17
Centamin Egypt Limited20 June 2006 Centamin Egypt Limited ("Centamin" or the "Company") Sukari Project Drilling Results Gazelle Zone Massive High Grade Gold Intersection Centamin Egypt Limited, the dual listed gold exploration company, is pleased toannounce high grade gold assays from the first pass drilling of the Gazelle zoneon the north eastern flank of the Sukari Hill. • The newly defined high grade zone is outside of the current Feasibility Study (BFS) • The assay results highlight the potential for additional high grade zones as drilling moves north on the Sukari hill. Drill hole RCD553 returned impressive gold grades in several zones down holeincluding 3m @ 440.6g/t Au, within a massive intersection of 111m @ 15.06g/t Aufrom 473m. The hole was collared just above the historically mined Gazelle adit,which has previously recorded 38m @ 7.73g/t from rock chip channel sampling. This newly defined high grade zone is outside of the Amun orebody BFS andcurrently defined mining pitshells, but is similar in style to the historicallymined Amun Main Lode, exploited in ancient times, and may represent a stackedsystem of high grade quartz vein shear zones. The drill hole was designed to follow up strong mineralisation previouslydefined in the Ra-Gazelle zone higher up in the porphyry from 11,025N to11,175N, and 10,650E to the east (Figure 1). The assay results (Table 1)highlight the strong potential for further high grade zones at depth and to thenorth in the Sukari Hill, and in the Ra-Gazelle zone in particular. Table 1 - RCD553 Significant Assay Intersections HOLE NORTH EOH AZI DIP From To Interval Au (g/t) RCD553 11079 614.4 270 -77 52 68 16 1.21 142 163 21 2.64 incl. 153 157 4 6.38 169 177 8 2.51 incl. 169 170 1 10.70 191 210 19 1.80 incl. 197 198 1 12.20 271 280 9 1.17 286 297 13 1.13 301 305 4 2.19 322 337 15 1.51 341 359 18 1.09 363 368 5 1.26 427 449 22 1.43 473 584 111 15.06 incl. 572 575 3 440.6 incl. 575 584 9 3.54 595 613 18 2.59 The Company believes results of this tenor will lead to further significantincreases in the currently defined global resource of 5.76m oz Au. Drilling iscontinuing in the Ra, Gazelle and Pharaoh zones. For Centamin Egypt Limited Josef El-RaghyManaging Director/CEO 20 June 2006 Enquiries: Centamin Egypt Limited + 61 (8) 9316 2640Josef El-Raghy Bishopsgate Communications Ltd + 44 (0) 20 7430 1600Nick Rome or Fran Read 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. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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