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Celamin Holdings NL (ASX:CNL) Results of First 6 Drill Holes from Chaketma Drilling.

Melbourne, Australia, Dec 5, 2011 - (ABN Newswire) - Celamin Holdings NL (ASX:CNL) has received the following report from Celamin Ltd;

Celamin Ltd has completed a program of drilling in the Chaketma Exploration Permit in Northern Tunisia held and funded jointly (50%:50%) with Tunisian Mining Services SARL (TMS).

Analytical results have been received for the first 187 samples from 6 (six) of the 12 (twelve) drillholes recently completed as shown on the attached plan and listed in the appendix.

The thickest intercept at Gasaa El Kebira in hole 3 is 24m at 19.8 % P2O5. at a 10% P2O5 cutoff grade (cog). Hole 8 at Sidi Ali Ben Oum Ezzine is the next thickest intercept with incomplete results showing 16.4 m at 20.75 % P2O5 at the same cog from 15.6m Downhole. The table (see link at the bottom of the release) summarises the results received to date.

Celamin and TMS have completed a 12 hole (1,200m) diamond core drilling program and a 600m trenching program. The trenching is complete and sampling is currently underway. The drilling is focused on the Gasaa El Kebira part of the EP initially. This prospect covers more than 2.0 km2. It also included drillholes into two other areas, Kef El Louz and Sidi Ali Ben Oum Ezzine.

HQ drillcore from the drillholes was half split and sampled after geological logging generally at 1-m intervals or to lithological boundaries. These samples were crushed and riffle split and 500g splits were sent to ALS Global at Seville in Spain. Here pulps were prepared using internal laboratory procedures and samples were sent to other ALS laboratories for analysis for major oxides using method ME-XRF06m and for trace elements using method ME-ICP61.

Note 1: Intercepts at 10% P2O5 cog and 20% P2O5 including internal waste of up to 2m at

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Publication:ABN Newswire
Date:Dec 5, 2011
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