Centurion Gold Holdings Completes Land Purchase in Anticipation of Increased Ore Production.JOHANNESBURG, South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. -- Centurion Gold Holdings, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CGHI), announced today that it has exercised its option to purchase an additional 25 acres of land to use as slimes storage for mining operations at Primrose primrose, common name for the genus Primula of the Primulaceae, a family of low perennial herbs with species found on all continents, most frequently in north temperate regions. Gold Mine. The purchase was completed in an all-cash transaction. The new acreage is contiguous Adjacent or touching. Contrast with fragmentation. See contiguous file. to 120 acres purchased for this purpose last September. 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. Dale Paul of Centurion Gold Holdings reported that the additional land is needed to accommodate projected increases in mine output. Paul said, "We are opening new shafts at our Primrose mine and in anticipation of increased production, we exercised our option for the additional acreage. We also plan to complete new ore-producing acquisitions in close proximity to our Primrose processing plant. These plans call for production increases to 16,000 tons of ore per month, making the expansion of slimes facilities a necessity for future operations." "The additional land purchase was anticipated when the option for 25 acres was secured with the original 120 acre purchase," said Paul. "We are pleased with the progress being made to achieve higher production levels and want to continue this trend into the next quarter." About Centurion Gold Holdings, Inc.: Centurion Gold Holdings, located in Johannesburg, South Africa, started three years ago to identify and acquire promising ore-bearing properties. In addition to its current holdings of four properties: the Primrose Gold Mine; the Omaruru Gold Mine; the Sellies Mine and a chrome (jargon) chrome - (From automotive slang via wargaming) Showy features added to attract users but contributing little or nothing to the power of a system. "The 3D icons in Motif are just chrome, but they certainly are *pretty* chrome!" bearing operation, the company is positioning itself to become a major producer in this market by acquiring additional mineral bearing properties and mineral rights. Forward Looking Statements: Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. The company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release, the Company will appropriately inform the public. |
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