Driling result update
Centamin Egypt Limited
13 June 2007
Centamin Egypt Limited
('Centamin Egypt' or 'the Company')
Drilling Results
MINERALISED EXTENSIONS DEFINED AT SUKARI AND REGIONAL EXPLORATION COMMENCES
Results have been received today for RCD1073 drilled to test the down dip
extension of the porphyry in the Amun zone. Significantly this hole intersected
an extremely wide zone of mineralization of 197m @ 2.18g/t gold and within this
was a higher grade core of 100m @ 3.51g/t gold (see www.centamin.com for
graphical illustrations). This mineralized intersection sits outside of the
current optimized pit shell and also outside of the previously announced
resource of 9.01moz.
The current drilling in the Amun zone was designed to deepen the previous open
pit optimizations which had bottomed on drilling data rather than a lack of
mineralization or pit economics. Previous geological interpretations were also
limited in this area by a lack of drilling and this vastly mineralized
intersection will now lead to more drilling being planned in this area which
will clearly lead to further significant resource growth.
Regional Exploration Commences
Within the 160km sq. Sukari Mining Lease exists several areas of great interest
for modern gold exploration. Several of these areas have hosted prior production
during the Pharaonic, Roman and British mining efforts through Egypt's history.
Work has now commenced on several of these near mine prospects with initial
mapping, rock chip sampling and trenching to be followed by drilling. Mapping
and rock chip sampling is currently underway at the Student, Pincer, Roman
Garrison and Mike prospects. These prospects take the highest priority due to
their proximity to the imminent mining operations.
The Company is extremely pleased with the latest drill result from the Amun
Zone. Our previous interpretations, based upon limited drilling at depth,
suggested that the porphyry hosting the gold mineralisation was thinning,
however this latest drilling indicates this is not the case. The significance of
RCD1073 cannot be underestimated as we anticipate further drilling will continue
to define significantly more ounces in the Amun zone than initially expected.
Drilling continues with 9 rigs on the Sukari site.
Josef El-Raghy
Managing Director/CEO
Information in this report which relates to exploration, geology, sampling and
drilling is based on information compiled by geologist Mr R Osman who is a full
time employee of the Company, and is a member of the Australasian Institute of
Mining and Metallurgy with more than five years experience in the fields of
activity being reported on, and is a 'Competent Person' for this purpose. His
written consent has been received by the Company for this information to be
included in this report in the form and context which it appears.
13 June 2007
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