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Centamin Plc
Summary
| Project: | Sukari | |
|---|---|---|
| Deposit: | Sukari Underground, Cleopatra | |
| Location: | Egypt | |
| Commodities: | Gold | |
| Date: | 5/3/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 3-5-2017: Centamin Plc announces an Exploration/Drilling Update report for its Sukari Underground, Cleopatra deposit at the Sukari project. Drilling results incl. 0.8m @ 569.5g/t Au from 271m. Centamin plc ("Centamin", the "Group" or "the Company") (LSE: | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Centamin plc ("Centamin", the "Group" or "the Company") (LSE: CEY, TSX: CEE) is pleased to announce its results for the first quarter ended 31 March 2017. Drilling from underground remains a focus of the Sukari exploration programme. Drilling took place from the Ptah 875 level with the drill rigs then moving to the new development drill platforms on the Amun 655 and Ptah 735 level, allowing for deeper exploration and resource definition. Drilling also took place from the Cleopatra development, targeting high grade mineralisation on the eastern contact of the porphyry. A total of 6,036m of exploration drilling was completed for the quarter. The existing underground operations at Sukari have demonstrated that the western contact zone between the main porphyry and the surrounding metasedimentary rock units is highly prospective for high-grade gold mineralisation. This contact has limited drilling in the north western portion of Sukari Hill, where the porphyry is approximately three hundred metres wide and access for surface drill rigs is limited. High grades have been observed along the north-eastern flank of Sukari Hill, where an interpreted en-echelon set of three mineralised zones are named Cleopatra, Julius and Antoine. Cleopatra outcrops as two distinct quartz veins on the north eastern flank of Sukari Hill, whereas Julius and Antoine do not outcrop. The zones are interpreted as commencing on the eastern porphyry contact, dipping broadly to the west. This project is designed to commence development along strike within the upper Cleopatra zone. In addition to providing geological information, exploration drilling will be carried out from this central drive. | |
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