Centurion Commences Myanmar Exploration
March 10 2014 - 7:00AM
Marketwired Canada
Centurion Minerals Ltd. (TSX VENTURE:CTN) ("Centurion", "the Company") announces
that the Company has initiated a reconnaissance (Phase 1) exploration program on
its "Slate Belt" concession located in central Myanmar. The exploration program
will include geological mapping, stream sediment geochemistry, and evaluation of
historical gold occurrences. The objective of the Phase 1 exploration program is
to prioritize targets within the concession and, as part of the Myanmar
permitting process, finalize the location of the Slate Belt concession
boundaries.
The "Slate Belt" concession is located south of Mandalay city and covers an area
of approximately 692 square kilometers. The Modi Taung gold mine and the Lebyin
gold-antimony mine are within a few kilometers south and east, respectively, of
the Slate Belt concession boundaries. The Modi Taung and Lebyin mines were
discovered and evaluated by Ivanhoe Mines Ltd. during the late 1990s and early
2000s; a phase of exploration which also included the discovery of a number of
gold occurrences within the Slate Belt concession. The current program on the
Slate Belt will include the exploration of geological and structural
environments similar to those hosting the Modi Taung and Lebyin mines.
Myanmar's exploration and mining permits are issued by the central Government
and allow for a mineral concession to be explored for up to 5 years followed by
a 25 year production period. Subject to receipt of all regulatory approvals,
Centurion will hold an 80% interest in the concession with 20% held by its
Myanmar partner, Crown Minerals Company. The Slate Belt concession is road
accessible and exploration activities can be carried out year round.
Mr. Jamie Lavigne, MSc., P. Geo and Consulting Geologist for the Company is the
Qualified Person under National Instrument 43-101 who has read and approved the
technical contents of this news release.
ABOUT CENTURION
Centurion Minerals Ltd. is a Canadian-based company focused on the exploration
and development of gold and other precious metal projects in Southeast Asia.
On Behalf of the Board,
David G. Tafel, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
This news release may contain forward looking statements concerning future
operations of Centurion Minerals Ltd. (the "Company"). All forward looking
statements concerning the Company's future plans and operations, including
management's assessment of the Company's project expectations or beliefs may be
subject to certain assumptions, risks and uncertainties beyond the Company's
control. Investors are cautioned that any such statements are not guarantees of
future performance and that actual performance and exploration and financial
results may differ materially from any estimates or projections.
FOR FURTHER INFORMATION PLEASE CONTACT:
Centurion Minerals Ltd.
David Tafel
President and CEO
604-484-2161
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