Centurion Commences Myanmar Exploration
10 3월 2014 - 9:00PM
Marketwired
Centurion Commences Myanmar Exploration
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 10, 2014) -
Centurion Minerals Ltd. (TSX-VENTURE:CTN) ("Centurion", "the
Company") announces that the Company has initiated a reconnaissance
(Phase 1) exploration program on its "Slate Belt" concession
located in central Myanmar. The exploration program will include
geological mapping, stream sediment geochemistry, and evaluation of
historical gold occurrences. The objective of the Phase 1
exploration program is to prioritize targets within the concession
and, as part of the Myanmar permitting process, finalize the
location of the Slate Belt concession boundaries.
The "Slate Belt" concession is located south of Mandalay city
and covers an area of approximately 692 square kilometers. The Modi
Taung gold mine and the Lebyin gold-antimony mine are within a few
kilometers south and east, respectively, of the Slate Belt
concession boundaries. The Modi Taung and Lebyin mines were
discovered and evaluated by Ivanhoe Mines Ltd. during the late
1990s and early 2000s; a phase of exploration which also included
the discovery of a number of gold occurrences within the Slate Belt
concession. The current program on the Slate Belt will include the
exploration of geological and structural environments similar to
those hosting the Modi Taung and Lebyin mines.
Myanmar's exploration and mining permits are issued by the
central Government and allow for a mineral concession to be
explored for up to 5 years followed by a 25 year production period.
Subject to receipt of all regulatory approvals, Centurion will hold
an 80% interest in the concession with 20% held by its Myanmar
partner, Crown Minerals Company. The Slate Belt concession is road
accessible and exploration activities can be carried out year
round.
Mr. Jamie Lavigne, MSc., P. Geo and Consulting Geologist for the
Company is the Qualified Person under National Instrument 43-101
who has read and approved the technical contents of this news
release.
ABOUT CENTURION
Centurion Minerals Ltd. is a Canadian-based company focused on
the exploration and development of gold and other precious metal
projects in Southeast Asia.
On Behalf of the Board,
David G. Tafel, President and CEO
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.
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.
Centurion Minerals Ltd.David TafelPresident and
CEO604-484-2161
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