VANCOUVER, BRITISH COLUMBIA, Jun 17, 2011 (MARKETWIRE via COMTEX) — Centurion Minerals Ltd. CA:CTN +13.33% (“Centurion”, “the Company”) is pleased to announce that two diamond drill rigs have been secured to test multiple priority targets that the Company has identified on its epithermal gold and porphyry copper-gold prospects in Aceh, Indonesia.
The first diamond drill rig is currently being mobilized and will be used to complete a minimum 2,000 metre drill program on the Company’s Badak property. Centurion geologists have encountered a large, gold-bearing diatreme breccia, and an epithermal outcrop that has been traced for a 400 metre strike length, and outlined a 1.5 km x 1 km intrusive complex that displays hydrothermal alteration and quartz-sulfide vein stockwork; typical characteristics of porphyry-style mineralization. The drill rig is capable of drilling to a depth of 200 metres.
A second rig has been secured and drill pads and site logistics are being finalized in order to commence the first phase 2,000 metre drilling program on the Company’s Banda Raya property where the Company previously reported results from geological and geochemical surveys that delineated a 5 km radius gold-copper prospect complex. Deposit types in this complex are: epithermal gold mineralization, porphyry copper-gold-style mineralization and gold + base metal-bearing quartz veins.
“Centurion’s geological team has confirmed the existence of a cluster of significant gold-copper prospects within the Company’s Aceh, Sumatra properties, and we are excited to be commencing a drilling campaign on multiple prospects,” stated David Tafel, Centurion CEO.
QP Statement
Thomas Mulja, Ph. D., P.Geo 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 Limited is a Canadian-headquartered company focused on the procurement, 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.
