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.
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.
source: Market Watch