Business
Centurion Reports Agri-Gypsum Fertilizer Sales for June
Vancouver, British Columbia--(Newsfile Corp. - July 9, 2018) - Centurion Minerals Ltd. (TSXV: ...
About this update from Centurion Minerals Ltd.
[{"type":"text","content":"Centurion Reports Agri-Gypsum Fertilizer Sales for JuneVancouver, British Columbia--(Newsfile Corp. - July 9, 2018) - Centurion Minerals Ltd. (TSXV: CTN) (\"Centurion\", or the \"Company\") is pleased to announce that its joint venture operating partner (\"Demetra Fertilizantes S.A.\") has sold and shipped 907 tonnes of agri-gypsum fertilizer from the Ana Sofia Project in Argentina, generating approximately C$47,000 during the month of June. The shipments consist of both a premium and blended material and relate to previously announced purchase orders with Argentine and Paraguay fertilizer distributors. \"Our operating partner has been generating consistent income which is trending higher, a pattern we believe will continue as logistical challenges are being solved and purchase order confirmations continue to accelerate.\" stated David Tafel, Centurion's CEO.ABOUT THE ANA SOFIA PROJECTThe Ana Sofia Project includes an agri-gypsum open pit mine and processing facility having a current design capacity of 4,000 tonnes/month. Gypsum is extracted from near-surface, flat-lying beds within the sedimentary formation that extends throughout the Ana Sofia Property, located in Santiago del Estero Province, Argentina. The gypsum rock is fed into primary and secondary crushers, then screened and sorted into two agri-gypsum fertilizer products. The plant is designed to produce a pellet-sized granular product and a fine powder product (comprised of a minimum 85% gypsum content) that are each packaged into one tonne tote bags. Agricultural gypsum (calcium sulfate dihydrate) is a valuable plant nutrient and plays a vital role in maintaining soil structure and nutrient balance in South American soils, resulting in enhanced crop yields. The Project comprises two mining concessions totalling 50 hectares (ha) in size within a larger (approximately 600 ha) exploration permit area. The Project is well situated within a region where other small producers are currently extracting agricultural gypsum and selling to fertilizer distributors and farmers. An initial inferred gypsum resource for the Project was estimated (news releases - October 31, 2016 and December 16, 2016) to comprise 1.47 million tonnes averaging 94.1% gypsum, using an 85% cut-off grade that is the minimum required gypsum content for commercial-quality agricultural gypsum products in Arg...