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Centurion Initiates Resource Delineation Program; Clarifies Exploration Target
VANCOUVER, BC / ACCESSWIRE / April 18, 2016 / Centurion Minerals Ltd. (TSXV: CTN) ("Centurio...
About this update from Centurion Minerals Ltd.
[{"type":"text","content":"Centurion Initiates Resource Delineation Program; Clarifies Exploration TargetVANCOUVER, BC / ACCESSWIRE / April 18, 2016 / Centurion Minerals Ltd. (TSXV: CTN) (\"Centurion\", or the \"Company\") is pleased to announce that it has commenced a systematic grid-based mechanical trenching and excavation field program on the Ana Sofia agricultural gypsum project in Santiago Del Estero, Argentina. The objectives of this program are to confirm the extent of near surface high-purity gypsum layers across the property and assess the overburden thickness. The data generated by this program will be utilized for geological modeling and resource estimation.\nExcavation (trenching) work has commenced at the property and the initial phase will comprise the mapping and sampling of approximately 20 trenches on a wide-spaced ~200 meter (m) x ~300 m grid pattern. The trenches will test the extent and tenor of the known gypsum layers at the property with planned depths of between 8 m and 10 m from surface. In addition, several (4-5) trenches across the property will be expanded to test depths of between 10 m and 15 m from surface in order to explore for potential additional gypsum layers. The samples generated by this work will be sent to an independent accredited laboratory for analysis and results will be released upon receipt. In conjunction with the trenching program, detailed topographic surveys of the property have been commissioned that will provide data for use in the planned geological modeling and resource estimation work as well as future project development and design work.\nThe Ana Sofia project comprises two mining concessions totaling 50 hectares (ha) in size within a larger (approximately 500 ha) exploration permit area. Trenching and sampling work completed by joint venture partner Demetra Minerals Inc. in 2014, identified multiple, high grade, near surface gypsum beds. Small scale producers located in the vicinity are currently extracting agricultural gypsum and selling to fertilizer distributors and farmers. High grade crushed gypsum material is being purchased by distributors for approximately US$80-$100 per tonne with associated gross margins estimated to be in the order of 65%. Agricultural gypsum is a valuable plant nutrient and plays a vital role in maintaining soil structure and nutrient balance in South American soils, allo...