🕐24.03.11 - 23:54 Uhr

Centius Gold [ASX: CNS] - Mining lease application and bulk sampling in QLD



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Centius Gold [ASX: CNS] - Mining lease application and bulk sampling in QLD

Centius Gold Limited (ASX: CNS) has filed an application for a 97 hectare, Level 2 Mining Lease over the Homeward Bound and Pride of the Hills ore bodies on the Croydon EPM18448.

The Croydon Goldfield is located in north Queensland, and historically has produced 686,300 oz gold @ 29.4 g/t Au oz, and 482,100 oz of silver @ 20.6 g/t Ag.

Centius Gold will bulk sample the Pride of the Hills deposit east of Croydon, North Queensland.

The shallow dipping Homeward Bound and Pride of the Hills deposits extend over 1600 m.

Previous exploration including 523 drill holes identified a flat lying contact related quartz reef ore body, which can be easily mined using open cut methods.

Preliminary estimates based on available open file reports indicate a possible inferred resource of between 26,000 to 75,000 tonnes, with grades between 3.4 to 6.0 g/t Au.

These reported drill hole grades are less than the average for the Goldfield, 29.4 g/t Au, and Centius plans to twin some of the important drill holes to confirm the grade.

The drilling program will be extended to the east.

Please refer to the attached announcement for more details.

For further information, please contact:

Scott Brown
Chairman � Centius Gold
Mobile: 0410 481 295

John Slade
Managing Director � Centius Gold
Mobile: 0467 372 222

Media:
Fortbridge Consulting
Bill Kemmery
t: +61 (02) 9331 0655
m: +61 (0) 400 122 449
e:

Luke Dean
t: +61 (02) 9331 0655
m: +61 (0) 414 535 433
e:


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