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Centennial Mining Ltd.
Summary
| Project: | A1 Gold Mine | |
|---|---|---|
| Deposit: | Magenta Zone | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/2/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-11-2017: Centennial Mining Ltd. announces an Exploration/Drilling Update report for its Magenta Zone deposit at the A1 Gold Mine project. Drilling results incl. 34m @ 3.79g/t Au. Centennial Mining Limited (ASX: CTL) (Centennial or the Company) is please | |
| Resources: | (Resource): 222kt @ 5.0g/t Au for 36koz (Ind.), 1.17Mt @ 6.4g/t Au for 240koz (Inf.) at A1 Gold | |
| CP/QP: | [Overall Report]: Peter de Vries (Internal) | |
| ABSTRACT: | Centennial Mining Limited (ASX: CTL) (Centennial or the Company) is pleased to announce that two diamond drill holes have generated an exciting set of results at its 100% owned A1 underground gold mine in Victoria (A1 Gold Mine). Commenting on these results, Centennial’s Executive Chair, Dale Rogers, said: “These results are exciting because of their significant widths and overall grades and also because they highlight the potential for improving grades at depth from the A1 Gold Mine. Hole number 327 was mineralised for over 80m at an average grade of almost 2.8g/t Au. The second hole, number 328, was stopped in mineralisation at a depth of 147m. The holes demonstrate the magnitude of the mineralising event and indicate the Magenta Zone has not been closed off at depth.” “The style of mineralisation encountered and the very broad widths have never been observed in the upper portion of the mine and may be indicative of a much larger gold system developing at depth. We may be on the very top of a major new gold system at the A1 Gold Mine.” Geological interpretation and modelling of historic mining and drilling data recently identified a near-development Exploration Target of approximately 300,000 to 500,000 tonnes grading 3.8 to 5.6 g/t Au(1) (depending on the lower cut-off grade applied), within a broader mineralised zone referred to as the Magenta Zone. The potential quality and grade of this Exploration Target is conceptual in nature as there has been insufficient exploration to estimate a Mineral Resource. It is uncertain if further exploration will result in the estimation of a Mineral Resource (refer ASX announcement 10 October 2017). | |
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