Centrasia Identifies Coincident Geophysical and Geochemical Anomalies on Uleeta Ni-PGM Prospect on Kola Peninsula
13 March 2008 - 12:30AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: CTM)(OTCBB:
CTMHF)(FRANKFURT: C8M) announces that ground Induced Polarization
("IP") and Magnetic Surveys have identified a three-kilometer long,
high-magnitude IP anomaly, indicative of potential sulfide
mineralization, on its 100% owned Uleeta Ni-PGM prospect on the
Kola Peninsula. Rock chip samples from outcrops within the
geophysical anomaly returned values from below detection to a
maximum of 0.3% Ni, 0.08 gram/tonne Pd, and 0.1 gram/ton Pt. This
exploration license covers 240 square kilometers covering a
previously identified but undrilled layered ultramafic intrusive.
This exploration license is 100% owned by RudpromInvest, a wholly
owned subsidiary of Centrasia Mining Corp. Geophysical surveys
consisted of 150 line kilometers IP/resistivity and 143 kilometers
of ground magnetics over a part of the ultramafic intrusive.
Geophysical anomalies were defined as areas of magnetite
destruction coupled with areas of high chargeability. A total of
720 geochemical samples of soil and outcrop were collected along
the geophysical traverse lines. A 1,000 meter drill program will
commence in the spring. Please go to www.centrasiamining.com to see
the latest geophysics and maps of Uleeta and Tsaga platinum metal
group prospects.
Cary Pinkowski, Chairman of the Board says, "We are very pleased
with the exciting results of the geochemical and geophysical
surveys and we are looking forward to begin drilling on this
property this spring."
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
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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