Centrasia Continues to Intersect Wide Zones of Gold Mineralization at Severny
September 06 2007 - 2:56PM
Marketwired Canada
Centrasia Mining Corp. ("Centrasia" or the "Company") (TSX
VENTURE:CTM)(OTCBB:CTMHF)(FRANKFURT:C8M) is pleased to announce the 2007 drill
program on the Severny Copper Gold Prospect ("Severny") on its Bulakashu
Property in northern Kyrgyzstan is well underway with encouraging results to
date. Four diamond drill rigs are now operating on Severny and thus far, four
drill holes have been completed totaling 1,908 metres of the planned 6,000 metre
program.
Complete assays have been received for three of the holes. Each of the three
holes are on a NE to SW striking fence designed to test the south-central
portion of an IP-resistivity anomaly and associated surface gold mineralization
identified in the fall of 2006 (See October 5, 2006 news release). Hole SV07-07
was drilled to a depth of 296 metres, intersecting sporadic gold mineralization
and quartz-sericite-pyrite alteration ("QSP") throughout most of the hole. Hole
SV07-08, 200m to the southwest of Hole SV07-07, was drilled to a depth of 501
metres, intersecting strengthening QSP alteration and gold mineralization over
wider intervals. Hole SV07-09 was drilled to a depth of 320 metres, under a road
cut where a surface rock chip sample returned 48m of 2.27 g/t gold (See October
23, 2006 news release). Hole SV07-09 intersected two distinct, broad zones of
gold mineralization and associated intense QSP alteration. The mineralized
intervals are separated by post mineral, unaltered andesite dikes. The
mineralization and alteration vectors point toward the southwest where last
year's rock chip surface sampling encountered gold values ranging from 0.14 g/t
up to 37.7 g/t in QSP altered greenstones. The table below shows the significant
drill intercepts.
--------------------------------------------------------------------------
Hole Azimuth/Dip From (metres) To (metres) Interval (metres) Au (g/t)
--------------------------------------------------------------------------
SV07-07 0/90 54 61 7 1.07
--------------------------------------------------------------------------
--------------------------------------------------------------------------
SV07-08 0/90 34 35 1 6.86
--------------------------------------------------------------------------
101 118 17 0.53
--------------------------------------------------------------------------
128 136 8 0.68
--------------------------------------------------------------------------
151 163 12 0.60
--------------------------------------------------------------------------
171 177 6 1.20
--------------------------------------------------------------------------
188 195.4 7 0.74
--------------------------------------------------------------------------
--------------------------------------------------------------------------
SV07-09 0/90 1 44 43 1.49(i)
--------------------------------------------------------------------------
including 1 12 11 2.46
--------------------------------------------------------------------------
including 17 25 12 2.31
--------------------------------------------------------------------------
92 149 47 1.38(ii)
--------------------------------------------------------------------------
including 92 97 5 2.80
--------------------------------------------------------------------------
including 100 109 9 2.10
--------------------------------------------------------------------------
including 114 118 4 2.45
--------------------------------------------------------------------------
including 126 133 7 2.36
--------------------------------------------------------------------------
(i) Interval contains 4 samples with gold analyses greater than 3.0 g/t
Au (8.63, 4.58, 4.47 and 5.19 g/t Au)
(ii) Interval contains 6 samples with gold analyses greater than 3.0 g/t
Au (8.69, 3.69, 3.49, 3.84, 3.67, and 4.26 g/t Au)
Douglas Turnbull, the company's President and C.E.O., states, "Our drilling to
date continues to expand the size and extent of the gold target at Severny on
surface and at depth. With each drill hole, we are beginning to get a better
understanding of the distribution of gold mineralization within this large
alteration system. Up until now we have been focusing on delineating the limits
of the near surface, bulk tonnage gold target. We will need to do a lot more
detailed drilling in order to delineate some of the structurally controlled
zones of gold mineralization that we are encountering in drilling and on
surface."
Centrasia's exploration programs are carried out under the supervision of the
Bill Tafuri, P.Geol., the Company's Vice President of Exploration and a
"Qualified Person" for the purposes of NI 43-101. Mr. Tafuri has reviewed the
technical information presented in this news release. All core samples are split
by saw and one half of the core is submitted to Alex Stewart Assay and
Environmental Laboratories, an ISO 9001, 2000 accredited laboratory based in
Kara Balta, Kyrgyzstan for analysis.
Centrasia's headquarters is in Vancouver, Canada, with exploration offices in
Bishkek, (Kyrgyzstan), Almaty (Kazakhstan) and Apatity (Russia). The company is
actively engaged in the exploration and acquisition of precious and base metal
projects in Central Asia, Russia and Eastern Europe. Centrasia is listed for
trading on the TSX Venture under the symbol "CTM", on the OTCBB under the symbol
"CTMHF" and on the Frankfurt Exchange under the symbol "C8M". To find out more
about Centrasia Mining Corp., please visit the company website at
www.centrasiamining.com.
On behalf of the Board of Directors of CENTRASIA MINING CORP.
Douglas Turnbull, President & C.E.O.
Canterra Minerals (TSXV:CTM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Canterra Minerals (TSXV:CTM)
Historical Stock Chart
From Jul 2023 to Jul 2024
