6th Feb 2007 07:01
Centamin Egypt Limited06 February 2007 Centamin Egypt Limited ("Centamin" or "the Company") Sukari Gold Project Resource Upgrade • Sukari JORC compliant resource upgrade to 8.26 million contained ounces of gold • Increase of 560,000 ounces above the resource announced in November 2006 • Cost per ounce discovered to date circa US$4 • Confirmation of extension of mineralisation from the Amun and Ra zones into the Pharaoh zone with higher grade north plunging ore shoots • Resource increase based on two months of drilling data • Drilling continues with nine rigs on site RESOURCE MODELLING The Sukari global resource now stands at 174.20Mt @ 1.47g/t Au for 8.26 Moz Au,at a 0.5g/t Au cut off grade. Total Resource (February 2007 - Global All Data)Cut-off Measured Indicated Inferred Total TOTAL Mt g/t Mt g/t Mt g/t Mt g/t Moz 0.5 47.39 1.40 73.98 1.39 52.80 1.70 174.20 1.47 8.26 0.7 34.44 1.70 53.45 1.69 38.60 2.10 126.52 1.81 7.35 1.0 22.40 2.16 34.36 2.16 25.90 2.70 82.64 2.32 6.17 Note to Table: Figures in table may not add correctly due to rounding The resources are estimates of recoverable tonnes and grades using MultipleIndicator Kriging with block support correction. Measured resources lie in areaswhere drilling is available at a nominal 25 x 25 metre spacing, Indicatedresources occur in areas drilled at approximately 25 x 50 metre spacing andInferred resources exist in areas of broader spaced drilling. The resource estimate has been based on the sampling and geological loggingcoming from 817 diamond and RC drill holes combining to give approximately168,000 metres of drilling and from available assaying as at 01 February 2007.The resource data set comprises approximately 88,421 two-metre down holecomposites and surface rock chip samples. The mineral resource estimate has beenadjusted to present land surfaces (currently available and subject to change)and previous underground mining (very minor effect on total resources). The Company is very pleased with the continued rapid increase in the size of theSukari Gold deposit and there still exists the potential for further significantresource addition within the same Ra / Gazelle and Pharaoh zones as drillingcontinues northwards along strike. For Centamin Egypt LimitedJosef El-RaghyManaging Director/CEO06 February 2007 For more information please contact: Centamin Egypt Limited Bishopsgate Communications Ltd Evolution SecuritiesPh: + 61 (8) 9316 2640 + 44 (0) 20 7562 3350 + 44 (0) 20 7071 4300Josef El-Raghy Maxine Barnes / Nick Rome Frank Moxon / Simon Edwards([email protected])www.centamin.com www.bishopsgatecommunications.com www.evosecurities.com The information in this report that relates to mineral resources is based onwork completed by Mr Nicolas Johnson, who is a Member of the AustralianInstitute of Geoscientists. Mr Johnson is a full time employee of Hellman andSchofield Pty Ltd and has sufficient experience which is relevant to the style ofmineralisation and type of deposit under consideration and to the activity whichhe 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. 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:
Centamin PLC