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Centaurus Metals Yield Promising Results from the Mombuca Gold Project

Centaurus Metals Yield Promising Results from the Mombuca Gold Project
Sep 09, 2015 By Ben Visser

Centaurus Metals (ASX:CTM) announced that it has further enhanced the prospectivity of its Mombuca Gold Project in south-east Brazil. A stream sediment sample program has yielded encouraging results, extending the occurrence of gold in a number of areas and identifying three highly prospective catchment areas.

The three anomalous catchments being the “Initial Target Zone’ (ITZ) and two new additional targets, one being the previously identified Priority 1 target, will be the focus of ongoing exploration.

The stream sediment survey was completed to determine the extent of gold anomalous catchment areas within the greater Mombuca Project area. The highest sample grade recorded was 904ppb AU with nine samples returning values greater than 100ppb AU. The program covered an extensive area of over 3,500ha and included 49 samples.

In the ITZ catchment, stream sediment sample results have correlated well with earlier exploration work which returned gold values in soils of up to 0.8 g/t AU and successfully defind an open-ended anomalous zone extending over a strike longth of 1,500m and varying in width from 50m to 150m. Rock chip samples from minderlized quartz evins in the ITZ returned resuls of up to 9.3g/t Au and historical face sampling of the adits located in the area has returned gold intercepts of up to 6m at 5.3g/t Au.

Notably, the strea, sediment sampling program has identified two additional catchments with anomalous gold results. One of the anomalous catchments is coincident with the Prioroty 1 target (marked P01 in Figure 1 above) that was previously identified in the review of the regional aeromagnetic and gamma spectrometry data. The target is located at the convergence of two regional structures and coincident with the strng and K/Th anomalies.

Managing Director, Darren Gordon commented, “Our team continues to develop the Mombuca gold targets using a combination of low cost field programs combined with processing of geophysical data that has identified some exciting targets.”

 

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Ben Visser Author: Ben Visser Sep 09, 2015

Ben is a Wise-owl equity analyst focusing on ASX blue-chips stocks. Ben has a Bachelor of Business in Finance majoring in property valuations and management. In his role at Wise-owl Ben conducts in-depth fundamental and technical analysis which helps him to find profitable investment opportunities on the ASX and abroad.

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