Centamin Egypt Ups Sukari Gold Project Resource To 10.99M Oz

8th Jun 2010 07:40

LONDON (Dow Jones)--Centamin Egypt Limited (CEY.LN), a gold mining group with operations in Egypt, said Tuesday the Sukari gold in-situ mineral resource has increased to 10.99Moz Measured and Indicated, plus 3.5Moz Inferred MAIN FACTS: -This represents an increased gold resource of 699,000 oz Measured and Indicated, and 74,000 oz Inferred, as at the end of May 2010, and is in spite of a depletion of circa 100,000 ounces of gold due to mining activities -Measured and Indicated resources represents 76% of global resources -South of 11312.5N (ie southern half of the Sukari hill outcrop), the Measured and Indicated resource is estimated at 9.29Moz, equal to 83% of the total Measured and Indicated resource -The resource increase is based on additional assay results from 33,400 meters of drilling -The resource dataset comprises of 189,983 two meter down hole composites and surface rock chip samples; compared with 173,283 composites (ie an additional 16,700 composites) in December 2009 -High grade intersections included in the resource estimate include 156 meters at 2.07g/t Au, 25 meters at 3.02g/t Au, 24 meters at 3.19g/t Au and 13 meters at 4.06g/t Au -Resource drilling continues with eight rigs on site -Shares closed Monday at 158.0 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires June 08, 2010 02:40 ET (06:40 GMT)