Centurion updates drilling progress in Northern Sumatra
Friday, August 12 2011 - 03:03 AM WIB
Two holes have now been completed with the first hole, NA DDH-01, being drilled to the maximum drill rig capability depth of 211 metres (m) and the second hole, NA DDH-02, collared approximately 50m to the west and completed at 205m. These holes were aimed at gold-copper mineralization with open-pit potential beneath a massive silica-clay hill.
A third hole DDH-03 is underway, targeting mineralization below the gold and copper surface anomalies in the skarn to the northwest of the Nareh prospect. Upon the completion of this hole, the rig will be used to drill for epithermal gold that overlies the porphyry mineralization. This epithermal target area has widespread gold anomalies on the surface, including rock channel samples assaying up to 9 g/t Au. Centurion is currently securing a second, bigger drill rig, capable of drilling to a depth of 1000 metres in order to continue DDH-01 to a greater depth.
The Company has held a number of community engagement sessions within the project area that have included teams from the departments of mining, local legislative representatives, village heads and staff, and other community stakeholders. Villagers and stakeholders have been highly participatory and cooperative with respect to road access, construction, and exploration programs in the region.
"We are very fortunate to have such strong local stakeholder support and not be subject to protected forest permit constraints." stated, David Tafel, Centurion President & CEO.
Site logistics are simultaneously being advanced in order to commence a 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. (ends)