26th Apr 2006 09:15
Centamin Egypt Limited26 April 2006 Centamin Egypt Limited Sukari Gold Project Resource Upgrade • Sukari JORC compliant resource upgrade to 5,759,492 million ounces of gold • Increase of 1,265,611 million ounces or 28% above the resource statement announced in December 2005 • 2 additional diamond drilling rigs arrive SUKARI PROJECT RESOURCE MODELLING Resource modelling and grade estimation of the Sukari geological resource wasrecently completed to JORC standards by independent resource consultants,Hellman & Schofield, utilising all available assaying as at 25th April 2006 andincluded new drilling data from the Ra and Pharaoh Zones, completed sinceNovember 2005. April 2006 Resources by Confidence Category - Uncut Cut-off Measured Indicated Inferred Total Total---------- ------------ ----------- ----------- ---------------- ------- Mt g/t Mt g/t Mt g/t Mt g/t Moz ------ ---- ------ ---- ------ ---- ------- ------ ------- 0.5 33.426 1.44 41.503 1.52 49.32 1.4 124.247 1.44 5.76 ---------- ------ ---- ------ ---- ------ ---- ------- ------ ------- 1.0 17.085 2.13 21.898 2.23 22.21 2.2 61.192 2.19 4.31 ---------- ------ ---- ------ ---- ------ ---- ------- ------ ------- Note to Table: Figures in table may not add correctly due to rounding The measured resources lie in areas where drilling is available at a nominal 25x 25 metre spacing, indicated resources in areas drilled at approximately 25 x50 metre spacing and inferred resources in areas of broader spaced drilling andthat the resources are estimates of recoverable tonnes and grades using MultipleIndicator Kriging with block support correction. The resource model extends from9700mN to 12250mN and to a maximum depth of 600RL (approximately 550 metresbelow surface). The resource estimate has been based on the sampling and geological loggingcoming from 571 diamond and RC drill holes combining to give approximately116,500 metres of drilling and 5271 two-metre surface rock chip samples.Resource data set comprises approximately 58,125 two-metre down hole compositesand rock chip samples. The December model was based on 41,991 drill hole androck chip samples. The tempo of the infill and exploration program has been further increased withthe addition of two further drilling rigs taking the rigs on site to nine. For Centamin Egypt Limited Josef El-RaghyManaging Director26 April 2006 The information in this report that relates to mineral resources is based onwork completed by Mr Nicolas Johnson, who is a Member of the AustralasianInstitute of Geoscientists. Mr Johnson is a full time employee of Hellman andSchofield Pty Ltd and has sufficient experience which is relevant to the styleof mineralisation and type of deposit under consideration and to the activitywhich he is undertaking to qualify as a Competent Person as defined in the 2004edition of the "Australasian Code for Reporting of Exploration Results, MineralResources and Ore Reserves". Mr Johnson consents to the inclusion in the reportof the matters based on his information in the form and context in which itappears. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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