Last checked at 23 Jan 2013 07:00
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Centurion Resources Plc / Index: AIM / Epic: CEN / Sector: Natural Resources
23 January 2013
Centurion Resources Plc ('Centurion' or 'the Company')
Positive Exploration Update from the Mitterberg Copper Project, Austria
Centurion Resources Plc, the natural resource company focussed primarily on the exploration and development of copper assets in Austria, is pleased to announce significant copper ('Cu') results from a preliminary mapping and sampling programme at its wholly owned 33 sq km Mitterberg Copper Exploration Licences ('Mitterberg' or 'the Project') in Salzburg, Austria.
The Project includes the previously producing Mitterberg Copper Project and has a current estimated exploration target of 11.0Mt to 11.7Mt at a grade range from 1.0% Cu to 1.15% Cu. A total of 40 grab samples, each averaging 1kg, were collected from four dumps located adjacent to previously producing adits: Josefi-Oberbaustollen; Mariahilfstollen, Josefi-Unterbaustollen and Johann-Barbarastollen.
The highest grades were located at the Mariahilfstollen adit with assays MB-B12, MB-B8 and MB-B1 returning grades of 7.08%, 5.11% and 4.1% respectively. Further results can be found in Table 1 at the bottom of the release. The Company is currently undertaking a desktop study of the Project, results of which will be reported at the appropriate time.
Centurion Chief Executive Officer Alastair Clayton said, "This modest program of grab sampling has yielded positive results from Mitterberg underpinning the high grade copper potential of the project. We are currently undertaking further desktop work and plan to follow this with further geochemical sampling and mapping once the snow cover subsides."
Figure 1: Portal of Mariahilfstollen adit (Please see the associated PDF at the top of the page)
Figure 2: Outcropping ore vein in front of Mariahilfstollen adit (sample MB-B1) (Please see the associated PDF at the top of the page)
Sample | Cu % | Sample | Cu % | |
MB-B12 | 7.08% | MB-B6 | 1.37% | |
MB-B8 | 5.11% | MB-B7 | 1.26% | |
MB-B1 | 4.10% | MB-C6 | 1.26% | |
MB-D5 | 3.59% | MB-B4 | 1.24% | |
MB-C3 | 3.58% | MB-C7 | 1.23% | |
MB-C4 | 3.28% | MB-A5 | 1.21% | |
MB-A9 | 3.15% | MB-C2 | 1.10% | |
MB-A10 | 3.13% | MB-A4 | 0.79% | |
MB-B5 | 3.13% | MB-A11 | 0.77% | |
MB-B2 | 3.00% | MB-B14 | 0.77% | |
MB-C1 | 2.79% | MB-A3 | 0.69% | |
MB-A8 | 2.71% | MB-D1 | 0.64% | |
MB-B11 | 2.49% | MB-D3 | 0.62% | |
MB-A2 | 2.39% | MB-C9 | 0.53% | |
MB-D4 | 1.99% | MB-A1 | 0.48% | |
MB-B3 | 1.95% | MB-A6 | 0.44% | |
MB-B15 | 1.78% | MB-C5 | 0.43% | |
MB-A7 | 1.62% | MB-C8 | 0.37% | |
MB-B9 | 1.41% | MB-B13 | 0.22% | |
MB-B10 | 1.38% | MB-D2 | 0.04% |
Sample Location Codes:
MB-A: Josefi-Oberbaustollen
MB-B: Mariahilfstollen
MB-C: Josefi-Unterbaustollen
MB-D: Johann-Barbarastollen
Note: the Company is the operator of the Project.
**ENDS**
For further information see www.centurionresources.com or contact the following:
Alastair Clayton | Centurion Resources Plc | + 44 (0) 20 3326 1729 |
Greg Kuenzel | Centurion Resources Plc | + 44 (0) 20 3326 1729 |
Roland Cornish | Beaumont Cornish Limited | +44 (0) 20 7628 3396 |
James Biddle | Beaumont Cornish Limited | +44 (0) 20 7628 3396 |
Lindsay Mair | Merchant Securities Limited | +44 (0) 20 7628 2200 |
Catherine Miles | Merchant Securities Limited | +44 (0) 20 7628 2200 |
Elisabeth Cowell | St Brides Media and Finance Ltd | +44 (0) 20 7236 1177 |
Charlotte Heap | St Brides Media and Finance Ltd | +44 (0) 20 7236 1177 |