Gold intersected at historic Egyptian prospect

Centamin Egypt, which is developing the first large-scale modern gold mine in Egypt, said that it had intersected ore grade zones during reconnaissance reverse-circulation drilling of historical workings at the Kurdeman prospect in Egypt’s eastern desert.

The initial five hole drill programme was carried out at the Kurdeman prospect, which lies 8 km south along strike of the major Sukari gold deposit, which Centamin is developing to bring into production in the fourth quarter of 2008.

The current resource estimate of the Smesto stone crusher recyclingukari deposit stands at 6,84-million ounces measured and indicated, and 3,6-million ounces inferred.

Centamin said in a statement on Thursday that drilling had intersected the targeted quartz vein-shear zone, which was worked by how to buy granite crusherancient and colonial miners, hosted in felsic to intermediate volcanic and intrusive rocks.

The high-grade gold mineralisation intersected was associated with smoky grey quartz veins and sulphides, it said.

Hole KRC002 returned asmall scale gypsum crushern ore grade intercept of downhole thickness 9 m at 9,29 g/t gold from 27 m, including 2 m at 32,2g/t gold from 32m in the smoky quartz vein.

The shallow ore grade interval was in a wider 30 m zone of gold anomalous, hydrothermally altered and sheared felsic to intermediate rock.

Hole KRC005, drilled 140 m south along strike of KRC002, intersected similar zones involving smoky, massive quartz veining in sheared and altered felsic rocks.

Two ore grade zones were returned, 3 m at 4,56 g/t gold from 18 m and 2 m at 11,92 g/t from 26 m, with a similar halo of mineralisation in altered and sheared rock. The intersections are open along strike and down dip.

Centamin said it was planning further drilling to assess the Kurdeman shear zone and quartz veins.

The company added that the Kurdeman and the numerous other regional targets contained within the 160 km2 Sukari concession, were “highly significant” as potential sources of high grade mill feed for the Sukari plant.

Geological sampling and mapping at several other regional prospects close to the main Sukari gold mine also returned strongly gold anomalous results requiring follow up.