Centamin Egypt Pours First Gold At Sukari Gold Project, Egypt
June 29 2009 - 2:51AM
Dow Jones News
Centamin Egypt Ltd. (CEY.LN), Monday announced that the first
gold from the Sukari Gold Project, Egypt, was poured on Friday,
Jun. 26.
MAIN FACTS:
-This milestone marks the commencement of production and
commissioning at the Sukari gold mine ahead of the commercial ramp
up of production, which is anticipated over the coming months.
-Sukari is the first modern commercial gold mine to be operated
in Egypt, and has a current mineral reserve of 142Mt @ 1.4g/t Au
for 6.4Moz.
-The current mineral resource stands at 191Mt @ 1.53g/t Au for
9.39Moz Measured and Indicated, and 64Mt @ 1.7g/t Au for 3.5Moz
Inferred.
-Centamin is currently stockpiling ore in anticipation of a ramp
up in production later this year.
-By London Bureau, Dow Jones Newswires; +44 (0)20 7842 9296; ian.walker@dowjones.com