Centrasia Continues to Intersect Significant Ni Mineralization Starting From Surface With Three Higher Grade Zones Exceeding 0.5
26 January 2008 - 2:58AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: CTM)(OTCBB:
CTMHF)(FRANKFURT: C8M) announces additional results from the
ongoing infill drill program at its 100% owned, Souker
Nickel-Copper project ("Souker") in the Kola Peninsula of
northwestern Russia. As of January 18, 2008, a total of 7,247
metres of drilling has been completed in 58 drill holes.
Cary Pinkowski, Chairman of the Board, says, "We are pleased to
report these results that further support development of an open
pit nickel mine with mineralization starting at the surface and
continuing to the deepest levels drilled to date."
The mineralized intervals reported below are associated with
varying degrees of disseminated to semi-massive sulphide
mineralization (pentlandite, chalcopyrite, and pyrrhotite) within
layered, medium to coarse grained peridotite and pyroxenite. The
mineralized intervals reported below continue to demonstrate the
bulk tonnage target potential that would be amenable to open pit
mining. The hosting stratigraphy dips variably to the south and
although holes have been oriented to intersect the mineralized
horizon as optimally as possible, the intervals reported below may
not represent true width. The holes were not drilled in numerical
order. See attached map for drill hole collar locations.
----------------------------------------------------------------------
Drill Hole From (m) To (m) Interval (m) Ni (%) Cu (%)
----------------------------------------------------------------------
CP07-16 - - - nac nac
----------------------------------------------------------------------
CP07-26 1.5 50.40 48.8 0.31 nac
----------------------------------------------------------------------
CP07-35 1.6 38.6 37.0 0.29 nac
----------------------------------------------------------------------
CP07-36 0.8 79.8 79.3 0.30 nac
----------------------------------------------------------------------
CP07-55 2.6 83.5 80.9 0.30 nac
----------------------------------------------------------------------
CP07-57 3.4 41.3 37.9 0.27 nac
----------------------------------------------------------------------
CP07-58 1.8 78.3 76.5 0.35 nac
----------------------------------------------------------------------
including 14.0 40.0 26.0 0.51 0.19
----------------------------------------------------------------------
CP07-68 52.0 214.9 162.9 0.28 nac
----------------------------------------------------------------------
CP07-69 1.1 54.3 53.2 0.25 nac
----------------------------------------------------------------------
77.0 164.1 87.1 0.29 nac
----------------------------------------------------------------------
CP07-71 0.5 13.0 12.5 0.21 nac
----------------------------------------------------------------------
33.0 125.8 92.8 0.31 nac
----------------------------------------------------------------------
including 109.0 124.8 15.8 0.61 0.32
----------------------------------------------------------------------
CP07-72 64.0 144.2 80.2 0.36 nac
----------------------------------------------------------------------
including 113.0 143.6 30.6 0.55 0.25
----------------------------------------------------------------------
- nac - none above Cu cutoff of 0.10% or Ni cutoff of 0.20% including
a higher grade interval of Xm greater than 0.40% Ni
- All intervals are measured in metres
The intervals reported below have been calculated using a Ni cut
off grade of 0.20% Ni. The assay procedure used is a total acid
digestion of the sample with analysis of the resulting solution by
AA. This procedure yields a total Ni value for each sample. The
drill program was initially laid out to achieve a maximum 100 metre
by 100 metre ore intercept spacing in order to verify and upgrade
the historic Soviet resource estimate from a C2 to C1 category (See
May 14, 2007 Press Release). The 58 holes completed to date, range
from 50 metres to 287.7 metres in depth, for a total of 7,247
metres. The drill data from the drill campaign will also be used to
convert the historic Soviet resource into a NI43-101 compliant
resource. All drill data to date from the Souker Nickel Deposit is
being currently modeled in house and statistics from analytical
results will be used to determine what intercept spacing will be
required for classifying JORC ("Australasian Joint Ore Reserves
Committee") defined resource categories.
The Company also announces that it has received the final report
for environmental baseline studies that were completed on the
Souker Nickel Deposit during the 3rd quarter of 2007. The studies
were conducted in compliance with local environmental guidelines
and are an important first step in the ultimate development of the
Souker Deposit. The Baseline study effectively identifies various
environment impacts that historic regional mining and smelting
activities and emissions from the local smelters have had on the
Souker Property and surrounding area. Given the significant impact
mining has had on the local and regional environment, it is
imperative that the Baseline study clearly established the current
state of the environment and a set of environmental parameters
against which the impacts of all future due to development of the
Souker Deposit can be identified.
All of the 2007 drilling is being completed with NQ sized core
using a Longyear LF 70 drill rig. Recoveries to date have been
excellent. Drilling during 2008 will be done with both NQ and HQ
the larger core samples can also be used for the ongoing
metallurgical testing program. The drill core is being logged,
photographed, sawn, sampled, and core samples are being prepared at
the Central Kola Expedition laboratory in Monchegorsk. Assaying is
being completed by the Kola Geological Information Laboratory
Centre in Apatity. This lab is certified under GOST R ISO/MEK
17025-2000, the VIMS Institute in Moscow and is subject to annual
inspections. A full QA/QC program has been initiated on the Souker
project. All of Centrasia's exploration programs are carried out
under the supervision of the Bill Tafuri, P.Geol., the Company's
Vice President of Exploration and a "Qualified Person" for the
purposes of NI 43-101.
Centrasia is listed for trading on the TSX Venture under the
symbol "CTM", on the OTCBB under the symbol "CTMHF" and on the
Frankfurt Exchange under the symbol "C8M". To find out more about
Centrasia Mining Corp., please visit the company website at
www.centrasiamining.com.
On behalf of the Board of Directors of CENTRASIA MINING
CORP.
Cary Pinkowski, Chairman
To view the map accompanying this release please click on the
following link: http://www.ccnmatthews.com/docs/0125cen.jpg
The TSX Venture Exchange does not accept responsibility for the
adequacy or the accuracy of this release.
Contacts: Centrasia Mining Corp. Cary Pinkowski Chairman (604)
688-4110 (604) 688-4169 (FAX) Website www.centrasiamining.com
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