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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/06/12 -- Centurion Minerals Ltd. (TSX VENTURE:CTN) ("Centurion", "the Company") is pleased to announce encouraging gold assay results from initial drilling of the Zulham epithermal gold prospect within the Banda Raya property in Northern Sumatra, Indonesia. The holes were designed to test the continuity of north-trending, near-surface, mineralized breccias and wall rocks that have been previously reported. Two hand-held mobile drill rigs capable of drilling 5.5cm diameter core to a maximum depth of 15 (m) metres have been utilized to drill 13 holes to date (Table 1). Results indicate that the breccia is the most favorable host rock for gold mineralization.
Highlights of results received to date include:
Hole ZWDH-08- 5m @ 2.76 g/t Au from 3.5m, including 4m @ 3.44 g/t Au from 4.5m Hole ZWDH-09- 3.2m @ 1.79 g/t Au from 1m, including 1.9m @ 3 g/t Au from 2.3m Hole ZWDH-04- 2m @ 2 g/t Au from surface Hole ZWDH-07- 2.2m @ 1.19 g/t Au from 2.8m Hole ZWDH-05- 2m @ 1.02 g/t Au from 8m Intersections are reported as down-hole lengths.
Gold mineralization in the drill holes and in previously announced channel samples, extend the gold mineralization for approximately 300m along the structure believed to control the mineralization. In addition, three Breccia boulders located on a ridge crest a further 200m to the north, yielded 20 g/t Au from a 1m channel sample in one boulder, and 6 g/t Au and 3 g/t Au from rock chip samples in the other two, respectively. All of these results are indicative of potentially large epithermal gold mineralization at the Zulham prospect. In-fill short-hole drilling is ongoing and the Company is preparing for a first-phase deep drilling program to test the extension of the breccia zones.
The Zulham prospect is located approximately 1 kilometer northeast of the Keladi prospect wherein past explorer, Highlands Pacific Ltd., reported nine rock chip samples that returned between 2 and 27 g/t Au over a 500m long vein system. Centurion geologists have located a 4m wide quartz vein that extends for at least 100m. An extensive exploration program is underway within the Keladi prospect and assay results from collected rock samples will be reported when received.
The Zulham and Keladi prospects, the Simpang Tiga epithermal gold showing (located about 500m northwest of Zulham) and the nearby Geudob gold-rich porphyry-type occurrence lie within a 4 kilometer area along the Miwah-Menawan lineament, which is the prominent structural control for gold mineralization in the region.
Qualified Person, Quality Assurance and Quality Control
Thomas Mulja, Ph.D., P.Geo and Chief Operating Officer of the Company is the Qualified Person under National Instrument 43-101 who has supervised the preparation of the technical contents of this news release.
The sample chain of custody is managed by Centurion Minerals under the supervision of Thomas Mulja and/or exploration manager Thomas Dott. Core samples are picked up from the drill site at the end of every shift by Centurion personnel for direct delivery to the secured drill core storage house located next to Centurion regional office in the town of Takengon. The storage is accessible only by approved personnel.
Intervals of core to be analyzed are split with a mechanized core cutter in half with one half to be sent to the laboratory for geochemical analysis and the remaining half to be kept in the storage for future reference and uses. Samples to be assayed will remain under the control of Centurion personnel until shipped or delivered to Intertek Testing and Inspection Services preparation laboratory in the city of Medan, North Sumatra that is responsible for pulverization of the samples. The pulps are then forwarded directly by Intertek personnel to the Intertek Analytical Laboratory in Jakarta.
Intertek is ISO 90001 and 17025 accredited and employs a Laboratory Information Management System for sample tracking, quality control and reporting. In addition to Intertek internal standard materials and blank samples, Centurion regularly inserts into every sample batch its own certified rock standards from OREAS and GEOSTATS, Australia, and field duplicate samples. Gold is determined with fire assay methods (FA 50), and other elements with Induced Coupled Plasma-Optical Emission Spectrometry (ICP-OES; Intertek Codes: IC01 and IC50). Intertek systematically re-assays selected low, high, and over-limit results.
---------------------------------------------------------------------------- Table 1. Zulham epithermal gold prospect, preliminary drill hole summary ---------------------------------------------------------------------------- Az Dip Depth (deg- (deg- Hole ID (m) mE mN rees) rees) From (m) To (m) Au (g/t) ---------------------------------------------------------------------------- ZWDH-001 15.0 217013.1 540627.3 280 -60 6 9 0.81 ---------------------------------------------------------------------------- ZWDH-002 11.7 217011.6 540616.0 20 -60 3 4 0.9 ---------------------------------------------------------------------------- ZWDH-003 1.35 217018.1 541239.1 0 -90 Hole abandoned ---------------------------------------------------------------------------- ZWDH-004 15.1 217008.2 540629.3 0 -90 0 2 2 ---------------------------------------------------------------------------- ZWDH-005 14.5 217021.9 540588.3 270 -70 8 10 1.02 ---------------------------------------------------------------------------- ZWDH-006 1.36 217021.1 541239.1 270 -60 Hole abandoned ---------------------------------------------------------------------------- ZWDH-007 14.9 217001.8 540637.4 0 -90 2.8 5 1.19 ---------------------------------------------------------------------------- ZWDH-008 12.0 217001.8 540637.4 270 -60 3.5 8.5 2.76 including 5.5 6.7 7.7 ---------------------------------------------------------------------------- ZWDH-009 5.20 217001.8 540637.4 310 -60 1 4.2 1.79 ---------------------------------------------------------------------------- ZWDH-010, 011, 012, 013 Assay pending ----------------------------------------------------------------------------
ABOUT CENTURION
Centurion Minerals Limited is an Indonesian-based, Canadian-headquartered company focused on the exploration and development of gold, and other precious metal projects in Indonesia.
On Behalf of the Board,
David G. Tafel, President and CEO
This news release may contain forward looking statements concerning future operations of Centurion Minerals Ltd. (the "Company"). All forward looking statements concerning the Company's future plans and operations, including management's assessment of the Company's project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company's control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Centurion Minerals Ltd.
Investor Relations
(604) 484-2161 or Toll Free (North America): 1-877-784-2161
(604) 683-8544 (FAX)
info@centurionminerals.com
www.centurionminerals.com
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