Centurion reports significant gold mineralization over a large area on its Blue Mountain project, Utah.SALT LAKE CITY--(BUSINESS WIRE)--July 17, 1995--Centurion Mines Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CTMC CTMC Canadian Tobacco Manufacturers' Council CTMC Continuous Time Markov Chain CTMC Classical Trajectory Monte Carlo CTMC Central Texas Medical Center (San Marcos, Texas) CTMC Communication Theory Mini-Conference ) Monday announced that significant gold 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. has been discovered on its Blue Mountain property, 30 miles west from Milford, Utah Milford is a city in Beaver County, Utah, United States. The population was 1,451 at the 2000 census. Milford Flat Wildfire
Lightning caused a massive wildfire to start near Milford at 3:45 p.m. (USA). Two exploratory holes of a four hole shallow drilling program encountered ore-grade gold intercepts, including 5 feet of 0.65 ounce per ton gold at 220 feet, 15 feet of 0.06 ounce per ton gold at 40 feet, and 10 feet of 0.12 ounce per ton gold at 175 feet. Preliminary results are below: -0-
Drill Hole Interval Thickness Gold Grade
(Number) (Feet) (Feet) (OPT)
---------- -------- --------- ----------
BMD-1 40-55 15 0.06
BMD-4 80-95 10 0.05
BMD-4 175-185 10 0.12
BMD-4 220-225 5 0.65-0-
Hole BMD-4 bottomed in ore-grade gold mineralization at 225 feet, and has not yet been deepened or offset. Rock chip surface sampling by Centurion geologists A geologist is a contributor to the science of geology. Geologists are also known as earth scientists or geoscientists. The following is a list of famous or notable geologists. has identified a large zone of gold mineralization at least 3000 feet long and 500 feet wide, with grades up to 0.035 ounces gold per ton. Sampling elsewhere on the 6200 acre property is highly encouraging, with surface gold grades up to .078 ounces per ton. Centurion plans further drilling during 1995. "We are pleased to announce these results from this excellent property," said Spenst Hansen, Centurion chief executive officer. "Only a small part of the extensive 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. area has been tested thus far, and the drill holes have not been offset. We are highly encouraged, and believe the potential for additional discoveries is excellent," Hansen added. Centurion Mines Corp. is a significant holder of precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. mining properties in the State of Utah (USA). Centurion is engaged in the business of exploration, development, and mining of gold, silver, copper, and other metals. -0- NOTE TO EDITORS: Centurion stock quotations are reported daily in The Wall Street Journal, NASDAQ Small Cap issue CntMne. CONTACT: Centurion Mines Corp., Salt Lake City LaRoy Orr, 801/534-1120 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion