Century Intersects 35 g/t Au Over 7.4 Feet at Bedard Dyke
Jan 17, 2010 12:00 ET
Century Intersects 35 g/t Au Over 7.4 Feet at Bedard Dyke at Lamaque Gold Project, Val-D'Or, Quebec
BLAINE, WASHINGTON--(Marketwire – Jan. 17, 2010) - Century Mining Corporation ("Century" or the "Company") (TSX VENTURE:CMM) is pleased to announce results of surface diamond drilling at the Bedard Dyke within the Lamaque gold project. The current drill program is designed to test the extent of the dyke, as well as the grade. A total of 21 holes (10,765 ft) were planned but only 13 (6,748 ft) have been completed to-date due to an interruption in the drill program. The Company is currently reviewing tenders for the completion of the drill program and plans to commence drilling of the remaining 8 holes (approximately 4,000 ft) in the first quarter of 2010.
"The Bedard Dyke continues to show significant exploration promise and the results are very exciting. Century looks forward to continue building the reserves and resources at the Lamaque gold project, where currently existing reserves and measured and indicated resources exceed 2.4 million ounces of gold. The Lamaque mine also contains approximately 3.1 million ounces of inferred resources that the Company will look to upgrade in 2010 and beyond. The Lamaque gold project is moving forward, and with the recent closing of our $60.75 million financing, we look to be pouring gold for many years at Val-d'Or, Quebec," commented Margaret Kent, President & CEO.
About the Bedard Dyke
The Bedard Dyke, which strikes SW and dips steeply to the south, is located at the west end of the historical Sigma open-pit, and runs beneath the adjacent Highway 117. The Bedard Dyke outcrops in the open pit and will be an important ore source during the startup of the Lamaque Mine. The Bedard dyke is typical of the mineralized dykes found at the Lamaque mine. Mineralization is contained both in flats within the steeply south dipping dyke and within flats hosted by volcanic rocks adjacent to the dyke. The current drilling program has delineated the spatial location of the dyke, however the best method for determining the grade of the dyke will be to drill it down dip and along strike. This method of drilling will ensure that all flats within the dyke are intersected by the drill holes.
The current drilling intersected the Bedard Dyke at depths varying between 61 and 748 feet below topographic surface. Interpretation of the dyke, utilizing current and historic drill holes is currently being completed and indicates that the Bedard Dyke has a minimum strike length of 705 feet and dips approximately 80 degrees to the south. The dyke pinches, swells and bifurcates both along strike and down dip. Dyke widths vary from approximately 6 feet thick on the western end to 30 feet thick on the eastern end near the Sigma Pit.
Please see table below for drillhole detail and assays:
Hole Number Azimuth Dip Length (ft) From (ft) To (ft) Downhole Intersect (ft) Grade g/t Au
2610-1 0 -75 305.1 110.7 112.0 1.3 8.59
2610-1 117.3 121.2 4.0 14.35
2610-1 243.5 249.3 5.8 13.74
2610-2 180 -89 462.6 207.4 217.4 10.1 11.19
2610-2 229.0 238.0 9.1 3.19
2610-2 321.9 347.5 25.6 2.73
2610-3 285 -45 310 "Negligible"
2610-4 249 -73 600.5 382.3 393.7 7.8 3.73
2610-5 267 -45 354.33 "Negligible"
2610-6 249.5 -62 748.03 "Negligible"
2655-2 0 -90 600.39 202.0 205.0 3.0 2.27
2655-2 223.4 225.5 2.1 12.15
2745-1 0 -57 403.54 188.7 196.1 7.4 35.00
2745-1 267.6 269.5 1.9 8.92
2745-2 0 -80 748.83 553.0 555.6 2.6 6.84
2745-2 657.0 660.9 3.9 2.44
2745-2 663.2 671.0 7.8 6.98
2745-3 0 -72 531.5 224.7 226.3 1.6 5.11
2790-1 0 -50 374.02 178.3 188.1 9.8 10.72
2790-1 248.6 249.9 1.3 24.00
2790-2 0 -66 511.8 266.3 267.8 1.6 8.87
2790-3 0 -78 797.24 625.4 627.4 2.0 5.55
2790-3 639.8 651.7 11.9 5.59
2790-3 662.6 667.4 4.8 3.45
The follow up program in the first quarter of 2010 will be oriented to drill the dyke down its dip and along strike. Five of the holes will be drilled with lengths varying from 500 to 1000 feet and dips from -45 to -80 degrees. This will allow the dyke to be tested along a vertical extent ranging from 350 to 915 feet below topographic surface. Once the drilling has been completed and all assays returned, the Bedard Dyke will be remodeled utilizing Vulcan software to determine additional measured and indicated resources and proven and probable reserves that are hosted within the dyke.
The current drill program is designed to test the extent of the dyke, as well as the grade. In addition, specific holes have been geotechnically logged to determine the integrity of the crown pillar for the proposed underground mining of the Bedard Dyke. The geotechnical studies on the crown pillar are being completed by Golder Associates. Golder has completed the field engineering studies on the core and will provide a report and recommendations for the design of the crown pillar of the Bedard dyke.
Ross Burns P.Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release., The drill program was completed under the supervision of Wolf Schleiss, P.Geo. Samples were assayed at ALS Chemex in Val d'Or using standard fire assay techniques with a gravimetric finish.
About Century Mining Corporation
