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Centurion Announces Initial Resource Estimate for the Ana Sofia Agri-Gypsum Project
VANCOUVER, BC / ACCESSWIRE / October 31, 2016 / Centurion Minerals Ltd. (TSXV: CTN) ("Centur...
About this update from Centurion Minerals Ltd.
[{"type":"text","content":"Centurion Announces Initial Resource Estimate for the Ana Sofia Agri-Gypsum ProjectVANCOUVER, BC / ACCESSWIRE / October 31, 2016 / Centurion Minerals Ltd. (TSXV: CTN) (\"Centurion\", or the \"Company\") is pleased to announce that it has completed an initial resource estimate for its Ana Sofia agricultural-gypsum project located in Santiago Del Estero, Argentina. The resource estimate is based on exploration and test-pitting work completed by Centurion and Joint Venture partner, Demetra Minerals Inc. (\"Demetra\"), that focused on two near-surface gypsum layers located within one of the project's mining concessions and surrounding exploration permit area. The 2 gypsum layers represent an inferred resource of 1.47 million tonnes averaging 94.1% gypsum, using an 85% cut-off grade that is the minimum required gypsum content for agricultural, commercial-quality gypsum products in Argentina. \nKey Highlights:\n\n \n Inferred gypsum resource of 1.47million tonnes of material averaging 94.1% gypsum.\n \n \n The mineralisation remains open in multiple directions. Excellent potential exists for expansion of the resource along the geological controls identified during the recent test pitting and trenching program. Multiple, high-purity gypsum layers have been identified within the project's second mining concession approximately 400 meters ('m') southwest of the current resource area.\n \n \n The reported gypsum resource occurs as flat-lying sedimentary layers or beds within 10 m of surface which, in the opinion of the Qualified Person responsible for the current resource estimate (A. Turner, P.Geol., geological consultant with APEX Geoscience Ltd.), has a reasonable prospect for eventual economic extraction.\n \n \n The resource is situated approximately one kilometer from a paved highway and power lines. \n \n\nCenturion CEO, Mr. David Tafel commented, \"We are delighted to achieve this significant milestone in the Ana Sofia project development. Our exploration team has done an excellent job outlining this initial resource as well as demonstrating potential for additional expansion.\" \nThe Ana Sofia Property comprises two mining concessions totaling 50 hectares (ha) in size, (Ana Sofia1- 7 ha and Ana Sofia 2 - 43 ha) within a 500-hectare Exploration Permit area. \nTable 1: The Ana Sofia 2 inferred gypsum resource estimate. The initial ...