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Centurion Provides Casa Berardi Gold Project Review and Updates Private Placement Status
Vancouver, British Columbia--(Newsfile Corp. - May 8, 2023) - Centurion Minerals Ltd. (TSXV:
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About this update from Centurion Minerals Ltd.
[{"type":"text","content":"Centurion Provides Casa Berardi Gold Project Review and Updates Private Placement StatusVancouver, British Columbia--(Newsfile Corp. - May 8, 2023) - Centurion Minerals Ltd. (TSXV: CTN) (\"Centurion\", or the \"Company\") wishes to provide an update of the Casa Berardi West gold project, and financing as follows:Casa Berardi West Gold Project Acquisition: Proceeding with its original focus of acquiring and advancing gold exploration projects, the Company executed a previously announced Option Agreement to acquire a 100% interest in the Casa Berardi West Gold Project (the \"Project\"). The Project consists of 3 claim groups comprising a total of 4,700 hectares, strategically located northeast of Cochrane, Ontario, Canada in the mineral endowed central north Abitibi greenstone belt. Highlights:Historical exploration includes more than 70 RC drill holes returning encouraging results that include 18 samples greater than 1,000 ppb (1 g/t) gold and the highest returning 38,000 ppb (38g/t) gold;Situated along structural corridors hosting world-class discoveries, operating mines, and significant past-producing operations;Located near historical production from Normetal Mines as well as currently active, Amex Exploration Inc. which is undertaking one of the largest drilling programs in Canada on its Perron project. (Amex Exploration Highlights Accomplishments From 2022 And Reviews Exploration Plans for 2023);Numerous iron formations and shear zones proximal to a late granitic pluton has gold deposit analogies to the Musselwhite gold mine in northern Ontario; andExcellent access and infrastructure.An NI 43-101 Technical Report outlining the Project's historical activities has been completed and can be found on the Company's website. Project overview link (Casa Berardi West - Centurion Minerals Ltd)2023 Next Steps: Centurion has received conditional approval from the TSXV for this transaction and subject final approval, immediate exploration efforts will be focused on: (i) compilation of all historical data; (ii) ground geophysics over priority targets; and (iii) an initial drill program covering identified targets.Private PlacementAs previously announced, the Company is arranging a non-brokered private placement financing for up to $750,000 priced at $0.02 per Unit. Each Unit will consist of one common share and one-half share purcha...