20th Dec 2005 09:34
Centamin Egypt Limited20 December 2005 Centamin Egypt Limited Sukari Gold Project resource upgrade * Contained ounces increase 47% to 4,493,882 ounces, up 1,431,173 ounces * Measured and Indicated ounces comprise 69% of the total resource and 96% of the increase in contained ounces * Measured and Indicated grade increases 10% * Cost per ounce discovered for period approximately US$3 Resource Modelling and Grade Estimation: Resource modelling and grade estimation of the Sukari geological resource wasrecently completed to JORC standards by independent resource consultants,Hellman & Schofield. The resource has been calculated from 451 diamond and RC holes for a total of86,581 metres of drilling up to the beginning of November 2005, an increase ofapproximately 20,000 metres from the current program, and is as follows: Gold Resource Estimate By Category - Uncut: Measured Indicated Inferred TotalCut-off Mt g/t Mt g/t Mt g/t Mt g/t M oz 0.5 28.30 1.42 37.27 1.51 25.2 1.7 90.78 1.54 4.49 1.0 14.16 2.13 20.08 2.18 13.9 2.5 48.12 2.27 3.51 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 from9900mN to 11000mN and to a maximum depth of 600RL (approximately 550 metresbelow surface). The seven drill rigs on site are now focused on step out drilling to the northand infill drilling on the top of the Amun and Ra zones. Josef El-RaghyManaging Director This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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