Centrasia Mining Corp.
OTC Bulletin Board : CTMHF

Centrasia Mining Corp.

October 23, 2006 17:44 ET

Centrasia Mining Corp.: Sampling at Severny Returns 48 Metres of 2.27 g/t Au

Centrasia Commences Fall Drill Program at Severny

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 23, 2006) - Centrasia Mining Corp. ("the Company") (TSX VENTURE:CTM)(OTCBB:CTMHF)(FWB:C8M) is pleased to announce assay results from its surface sampling program at the Severny Porphyry Cu/Au prospect ("Severny") on its Bulakashu Property in northern Kyrgyzstan. Continuous chip sampling along new outcrop exposure at Severny returned a mineralized interval of 2.27 g/t Au over 48 metres. The Company anticipates the arrival of a drill rig and the commencement of a minimum1000 metre drill program at Severny during the current week.

Since the Company's last news release (October 5, 2006), an additional 81 sample results have been received. All samples are consecutive, continuous, one metre chip samples collected along a newly constructed drill road at Severny. Of the 81 new sample results from the road cut, four samples assayed greater than 5.0 g/t Au, 32 samples assayed greater than 1.0 g/t Au and 44 of the 81 samples assayed greater than 0.5 g/t Au. Samples B06-715 to 762 averaged 2.27 g/t Au over 48 metres, including 1 metre intervals of 10.5 g/t Au, 7.85 g/t Au, 6.61 g/t Au and 6.64 g/t Au. Copper results from these samples were weakly anomalous with 22 of the 48 samples assaying greater than 100 ppm copper. Including the results released today, a total of 357 assays had been received of the 850 collected from Severny during the 2006 exploration program.

The new road cut exposed a broad zone of andesite with spotty propylitic alteration and pervasive silicification of varying intensity, consisting of fine quartz and quartz-pyrite veinlets. The mineralized interval is situated on the southwest flank of a conductive zone defined by the recently completed dipole-dipole IP/resistivity survey over the Severny target area. Results of the survey defined a large zone of conductivity (1 km by 2 km), ranging from 50-200 metres from surface and open to depth and to the NE. The coincidence of this anomaly and the copper and gold mineralization identified on surface further supports the exploration model of a buried porphyry Cu/Au system at depth.

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. Mr. Tafuri has reviewed the technical information presented in this news release. All samples collected by the Company's field staff and transported directly to Alex Stewart Assay and Environmental Laboratories, an ISO 9001, 2000 accredited laboratory based in Kara Balta, Kyrgyzstan for analyses.

Centrasia Mining Corp.'s headquarters is in Vancouver, Canada, with exploration offices in Bishkek, Kyrgyzstan and Almaty, Kazakhstan. The Company is actively engaged in the exploration and acquisition of precious and base metal projects in Central Asia. Centrasia is listed for trading on the TSX Venture Exchange under the symbol "CTM", on the Frankfurt Stock Exchange under the symbol "C8M" and on the OTCBB under the symbol "CTMHF".

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.

Douglas Turnbull, President & C.E.O.

Forward-Looking Statements. This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

The TSX Venture Exchange does not accept responsibility for the adequacy or the accuracy of this release.

Contact Information

  • Centrasia Mining Corp.
    Douglas Turnbull
    President & C.E.O.
    (604) 688-4110
    (604) 688-4169 (FAX)
    Website: www.centrasiamining.com