Centrasia Joins Barrick and Puma Minerals in Search for Platinum Group Metals in the Kola Peninsula
14 February 2008 - 3:35AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: CTM)(OTCBB:
CTMHF)(FRANKFURT: C8M) announces that drilling has started on its
100% owned, Tsaga Platinum Group Metals ("PGM") prospect on the
Kola Peninsula, Russia. The Tsaga property covers an area of 1,970
square kilometres and is adjacent to the north border of Barrick
Gold Corporation's Federova Tundra PGM deposit (13M+ oz. Pd eq),
Consolidated Puma Minerals Corp.'s East Pansky deposit, and Pana
PGM's North Reef PGM deposits. Geophysical surveys completed by
Centrasia during the summer and fall of 2007, consisting of 159
line kilometres of combined IP/resistivity and ground magnetics
have identified a potential zone of sulfide mineralization in a
layered ultramafic intrusion.
Previous work in the area consisted of a Soviet era aeromagnetic
survey that identified a strong magnetic anomaly which was tested
by drilling that identified a layered ultramafic intrusive
containing a strata bound titaniferous magnetite deposit. The newly
identified potential sulfide zones have not been not drill tested
and are in layers separate from the previously identified
titaniferous magnetite deposit. Centrasia's local geological staff,
which is proficient in the geology of the area, feels that this
represents an excellent exploration opportunity analogous to
several other PGM deposits in Russia. A 1,200 metre drill program
is to commence at Tsaga.
Chairman Cary Pinkowski states: "Concurrent with our ongoing
drill program and resource estimate at our Souker Nickel project,
we are eager to advance the Tsaga prospect in this world-class
platinum metal province. With property of 1,970 square kilometres
and Barrick's Federova Tundra testing zones in close proximity to
our property boundary, we are excited to move forward."
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.
To view the map accompanying this press release please click on
the following link:
http://media3.marketwire.com/docs/Centrasia%20Map.pdf
On behalf of the Board of Directors of CENTRASIA MINING
CORP.
Cary Pinkowski, Chairman
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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