Centerra Gold on Track to Multi-Year Mine Life Extension at its Kumtor Mine.TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing -- (All figures are in United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. dollars) Centerra Gold Centerra Gold Inc. (TSX: CG) is the gold mining company headquartered in Toronto, Canada. The company was formed and went public in 2004 when Saskatoon, SK-based Cameco Corp. Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CG) is pleased to provide an update on its extensive exploration program at the Kumtor mine and nearby Sarytor target. Results from the third-quarter drilling have extended previously-identified mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. zones and support the Company's exploration strategy to significantly expand the Kumtor mine life. Third Quarter 2005 Highlights - SB Zone - extended the mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. in the up dip and down dip directions with thick intercepts and good gold grades. Zone remains open at depth and to the south. Five drills currently at work on the zone. Reserves and resources update expected for year-end year-end also year·end n. The end of a year. adj. Occurring or done at the end of the year: a year-end audit. Noun 1. 2005. - NB Zone - continued to delineate the mineralization with thick intercepts and good gold grades. Zone remains open in several directions. - North end - encountered significant mineralized intervals in relatively under-explored area. - Sarytor - confirmed the continuity of the mineralization in several areas. Comment "The extensions of the mineralization with outstanding grades and thicknesses confirm that the Kumtor mine and surrounding sur·round tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. target areas have significant potential to support Centerra's mining activities for many years to come," said Len Homeniuk, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We are continuing our extensive multi-year exploration program around the Kumtor pit and surrounding areas. We are confident that we will achieve a compelling return on our investment," concluded Mr. Homeniuk. Complete listings of all the third quarter exploration drill results at the Kumtor pit and Sarytor target are available on the Company's website at www.centerragold.com/properties/exploration_update_october October: see month. _2005/. Where applicable, drilling results discussed and shown in this release and on the Company's website have been compiled using similar criteria to those used in estimating the Company's resources for each of the areas discussed. Pertinent PERTINENT, evidence. Those facts which tend to prove the allegations of the party offering them, are called pertinent; those which have no such tendency are called impertinent, 8 Toull. n. 22. By pertinent is also meant that which belongs. Willes, 319. criteria are provided with the drilling results on the Company's website at www.centerragold.com/properties/exploration_update_october_2005/. Drilling activities were focused on the Kumtor pit and the nearby Sarytor target area. At the pit, the focus was on delineating the zones in the southern (SB) and northern (NB) portions and testing beyond the ultimate pit design in the central portion and along the northern flank flank (flank) the side of the body between ribs and ilium. flank n. 1. The side of the body between the pelvis or hip and the last rib; the side. 2. . The highlights from the program are as follows: A total of 30 diamond drill holes were completed totaling 13,731 metres in the vicinity of the pit. In the southern portion, three drill holes further delineated de·lin·e·ate tr.v. de·lin·e·at·ed, de·lin·e·at·ing, de·lin·e·ates 1. To draw or trace the outline of; sketch out. 2. To represent pictorially; depict. 3. the SB Zone in the southernmost 200 metres of the drill pattern. All of the drill holes intersected the thick mineralized horizon with two of the three holes extending the mineralization for about 130 metres in the up-dip direction on one section and the third hole penetrating penetrating breaching the tissues of the body. the horizon 60 metres further down dip. The drill holes returned down hole intercepts varying from 20 metres to 44 metres thick and average grades in the range of 2.7 grams per tonne tonne measure of weight or mass; 1 tonne=1000 kg. See also ton. ("g/t") gold to 12 g/t gold. The SB Zone remains open at depth and to the south. In the northern portion, the drilling program continued to delineate the well-mineralized horizon in the NB Zone with nine drill holes completed over a strike length of 240 metres. In seven of the nine holes, down hole intercepts at the target horizon vary from 10 metres to 44 metres thick with average grades typically in the range of 3 g/t gold to 7 g/t gold. The zone starts at a depth of about 100 metres beyond the currently anticipated ultimate pit design and has now been systematically drill tested for 200 metres to 300 metres in the down-dip direction where it remains open in several areas. Along the North end of the deposit, nine holes were drilled to test for strike and dip Strike and dip refer to the orientation or attitude of a geologic feature. The strike of a stratum or planar feature is a line representing the intersection of that feature with the horizontal. extensions to the main mineralized horizons and to in-fill between wider-spaced holes. Three holes, D1001, D1008 and D1013, encountered significant mineralized intervals and essentially confirmed the geological ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. interpretation for this area. These intercepts are encouraging as they indicate that the auriferous au·rif·er·ous adj. Containing gold; gold-bearing. [From Latin aurifer, gold-bearing : aurum, gold + -fer, -fer. alteration Modification; changing a thing without obliterating it. An alteration is a variation made in the language or terms of a legal document that affects the rights and obligations of the parties to it. system persists into this relatively under-explored area. Nine additional drill holes in the central portion of the pit were spaced over a 500-metre strike length of the target horizons. These holes were drilled to in-fill and undercut undercut, n 1. the portion of a tooth that lies between its height of contour and the gingivae, only if that portion is of less circumference than the height of contour. 2. the drill pattern in areas previously tested by wider-spaced drilling. Most of these holes returned intercepts that confirmed the existing KS5 resource block model. The program is ongoing with six drills currently active in the vicinity of the pit. Resource modeling, and geotechnical and engineering studies are in progress in preparation for an updated estimate of reserves and resources for year-end 2005. Kumtor Pit - Drilling Highlights for the Third Quarter of 2005
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From To Length Grade
Location Hole # (metres) (metres) (metres) (g/t gold)
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SB Zone D993 285.9 330.1 44.2 12.21
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including 296.9 321.0 24.1 17.83
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358.3 361.2 2.9 12.79
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367.0 376.4 9.4 3.28
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including 367.0 369.9 2.9 6.54
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409.9 416.4 6.5 3.42
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SB Zone D1002 139.4 173.4 34.0 5.15
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including 139.4 150.9 11.5 11.92
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230.8 236.2 5.4 2.14
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245.0 287.0 42.0 1.89
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including 271.7 280.8 9.1 4.07
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SB Zone D1012A 102.0 122.0 20.0 2.67
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including 113.0 122.0 9.0 4.26
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NB Zone D989A 391.0 429.0 38.0 5.91
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including 398.0 409.5 11.5 10.0
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including 416.0 421.0 5.0 11.78
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442.1 447.0 4.9 2.64
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NB Zone 1010B 375.7 387.6 11.9 5.14
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404.5 463.1 58.6 2.68
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including 405.5 418.0 12.5 5.46
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North end D1001 233.1 255.7 22.6 4.00
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including 239.0 249.7 10.7 5.01
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North end D1008 84.8 98.8 14.0 6.60
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D1013 246.6 252.2 5.6 7.97
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Note: True widths for the mineralized zones are typically from 75% to
95% of the stated intercepts
To view a map of the Kumtor Mine - Longitudinal lon·gi·tu·di·nal adj. Running in the direction of the long axis of the body or any of its parts. Section please click the link below: http://www.ccnmatthews.com/docs/kumtora.doc At the Sarytor target located immediately to the west of the Southwest Zone and five kilometres from the Kumtor mill, a drilling program is in progress with three drills at the site. During the quarter, 16 drill holes totaling 2,552 metres were completed. The objectives of the program are to determine the limits of the mineralized horizons and to systematically in-fill between existing holes to better assess the size potential and the average grade. The in-fill drill holes typically confirmed the continuity of the mineralization in several areas. Four holes, SR-37, -39, -40 and -47, have in-filled along an 80-metre strike length of a thicker mineralized portion of the zone and have returned down hole intercepts at the target horizon varying from 14 metres to 37 metres thick with average grades in the range of 2 g/t gold to 4 g/t gold . Drill holes testing the flanks of the drill pattern have effectively determined the northern and western limits to the mineralized horizons. Sarytor - Drilling Highlights for the Third Quarter of 2005
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From To Length Grade
Location Hole # (metres) (metres) (metres) (g/t Au)
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Sarytor SR-37 75.1 92.2 17.1 3.11
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Sarytor SR-39 50.3 85.5 35.2 2.03
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Sarytor SR-40 173.7 210.7 37.0 3.97
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including 182.6 186.6 4.0 9.78
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including 197.2 201.2 4.0 8.30
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Sarytor SR-47 111.8 125.8 14.0 3.39
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135.3 146.0 10.7 2.01
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150.4 192.5 42.1 2.34
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Note: True widths for the mineralized zones are typically from 80% to 95% of the stated intercepts A National Instrument 43-101 compliant Technical Report on the Kumtor mine was filed on May 14, 2004 and is available on the System for Electronic Document Analysis and Retrieval The System for Electronic Document Analysis and Retrieval (SEDAR) is a mandatory document filing and retrieval system for Canadian public companies. Similar to EDGAR, SEDAR is operated by the Canadian Securities Administrators, a coordinating body comprising the 13 Canadian ("SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review ") at www.sedar.com. The report describes the exploration history, geology geology, science of the earth's history, composition, and structure, and the associated processes. It draws upon chemistry, biology, physics, astronomy, and mathematics (notably statistics) for support of its formulations. and style of gold mineralization at the Kumtor deposit. Sample preparation, analytical techniques An analytical technique is a method that is used to determine the concentration of a chemical compound or chemical element. There are a wide variety of techniques used for analysis, from simple weighing (gravimetric) to titrations (titrimetric)to very advanced techniques using , laboratories used and quality assurance-quality control protocols used during the drilling programs at the Kumtor site and Sarytor target are the same as, or similar to, those described in the Technical Report. Qualified Person The new drilling results were reviewed, verified ver·i·fy tr.v. ver·i·fied, ver·i·fy·ing, ver·i·fies 1. To prove the truth of by presentation of evidence or testimony; substantiate. 2. and compiled by Centerra's geological and mining staff under the supervision of Robert S Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. . Chapman, P. Geo., Centerra's Director, Mergers & Acquisitions, who is a Qualified Person for the purpose of National Instrument 43-101 and is the person responsible for the preparation of the technical information in this news release and related exploration results on Centerra's website. About Centerra Centerra is a growth-oriented, pure-play gold company focused on acquiring, exploring, developing and operating gold properties primarily in Central Asia, the former Soviet Union and other emerging markets. The two gold mines operated by the Company are expected to produce 798,000 ounces in 2005 at a total cash cost of about $229 per ounce ounce, in zoology ounce, in zoology: see leopard. ounce, unit of measurement ounce: see English units of measurement. . This ranks Centerra as a leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. gold producer and the largest Western-based gold producer in Central Asia and the former Soviet Union. Centerra's shares trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (TSX) under the symbol CG. The Company is based in Toronto, Canada. Additional information on Centerra is available on the Company's web site at www.centerragold.com and on SEDAR at www.sedar.com. Centerra Gold Inc. (TSX:CG) |
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