VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 13, 2012) - Centurion Minerals Ltd. (TSX VENTURE:CTN) ("Centurion", "the Company") is pleased to announce that a diamond drill rig is now turning on the Zulham epithermal gold prospect within the Banda Raya property in Northern Sumatra. The diamond drill program will consist of a minimum of 1,500 metres (m) (five to six holes to a depth of approximately 250 m) collared from a location where hand-held mobile scout drilling has returned encouraging assay results including a massive vuggy silicified breccia intercept from hole ZWDH-15 that returned 5 m@ 2.81 g/t Au from surface (including 2.2 m @ 5.47 g/t Au) (Table 1 below).
The diamond drill program has been designed to test the gold-bearing vuggy breccias for high-grade zones and to intersect a postulated, separate vuggy breccia, wherein three boulders on the ridge crest previously reported gold values of 20 g/t, 6 g/t and 3 g/t Au. Highlights of previously announced hand-held drill hole results from the Zulham prospect include: 5 m @ 2.76 g/t Au from hole ZWDH-08; and 3.2 m @ 1.79 g/t Au from hole ZWDH-09 (News Release - February 6, 2012).
Gold mineralization in the Zulham, Simpang Tiga and Keladi prospects of the Banda Raya property have been interpreted to span approximately 2.5 kilometres (km). These prospects lie along the southern rim of a 4 km diameter circular feature, which is criss-crossed by the 20-km long Miwah-Menawan gold lineament extending from the 3.14 M oz Miwah high-sulfidation epithermal gold deposit in the west to the Menawan porphyry-type mineralization in the east.
| Table 1. Scout Drill Summary from Zulham Epithermal Gold Prospect | ||||||||
| Hole ID | Depth (m) |
mE | mN | Az/dip (°) |
Rock type | From (m) |
Width (m) |
Au (g/t) |
| ZWDH-10 | 11.50 | 217008.9 | 540640.1 | vertical | SS | 1 | 1 | 0.02 |
| ZWDH-11 | 15.30 | 216994.1 | 540668.5 | vertical | SS/minor BX | 7 | 3 | 0.01 |
| ZWDH-12 | 15.10 | 216994.5 | 540669.3 | 270/45 | SS+BX | 2 | 8 | 0.01 |
| ZWDH-13 | 7.10 | 216994.1 | 540668.8 | 345/60 | SS/minor BX | 2 | 2 | 0.01 |
| ZWDH-14 | 8.75 | 216951.1 | 541250.1 | 70/60 | Soil | Assay pending | ||
| ZWDH-15 | 6.95 | 216959.6 | 541231.9 | 360/60 | V BX/minor SS | 0 | 5 | 2.81 |
| including | 1 | 2.2 | 5.47 | |||||
| Rock type abbreviations: SS, sandstone, BX, breccia, V BX, vuggy breccia | ||||||||
Holes ZWDH-10 to 14 were performed to verify the nature of surrounding host rocks and soil.
Qualified Person, Quality Assurance and Quality Control
Thomas Mulja, Ph.D., P.Geo and Chief Operating Officer of the Company is the Qualified Person under National Instrument 43-101 who has supervised the Company's exploration program and the preparation of the technical contents of this news release.
The sample chain of custody is managed by Centurion Minerals under the supervision of Thomas Mulja and/or exploration manager Thomas Dott. Centurion's full sample custody and handling protocols are documented in the Company's news release dated February 6, 2012.
ABOUT CENTURION
Centurion Minerals Limited is an Indonesian-based, Canadian-headquartered company focused on the exploration and development of gold and other precious metal projects in Indonesia.
On Behalf of the Board,
David G. Tafel, President and CEO
This news release may contain forward looking statements concerning future operations of Centurion Minerals Ltd. (the "Company"). All forward looking statements concerning the Company's future plans and operations, including management's assessment of the Company's project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company's control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Investor Relations
(604) 484-2161 or Toll Free (North America) 1-877-784-2161
(604) 683-8544 (FAX)
info@centurionminerals.com
www.centurionminerals.com