Gold Exploration in West Africa

[FL]

NEW: Centurion Gold (CGHI,OTC-BB) now in Gabon/Mali

(Centurion Gold Holdings, Inc. This was once the shell company: Golf Products Technology, Inc. The stock CGHI did poorly in the last year.)

Company web-page: http://www.centuriongold.com/

The Company has four South African mines: the Omaruru Gold Mine, the Primrose Gold Mine; the Sellies Mine and a chrome bearing operation. CGHI is the only small South African gold firm that is publicly traded in the U.S.

"... The project in Mali is located in a well known and well documented region close to Lula Gold, with a total of 1.5 million ounces of gold resource. The second, a well advanced project in Gabon, which is covered by licenses in a government-to-government contract, totals 600,000 ounces of gold. The third project in Angola contains approximately 500,000 ounces gold.” 15 Mar 2005 Press Release.

Address:
Centurion Gold Holdings
12 Main Reef Road
Primrose, Johannesburg
South Africa

Telephone: [phone]
Fax: [phone]


MINING WEEKLY ARTICLE:

"SA miner closes acquisition in Gabon"

Johannesburg-based junior miner Centurion Gold Holdings this week announced a definitive offer and closing of the properties of Avalanche Resources in Gabon, West Africa.

The Avalanche mines comprise of three properties and the first to finalise following last week's signing of a memorandum of understanding between Centurion Gold and Rovagold, whereby Centurion will acquire approximately 500 000 oz of platinum and 7,6-million oz of gold resources.

Centurion acquired these properties in an all-stock transaction for 600 000 oz of proven gold resource, valued at $264-million based on current gold prices, at an acquisition price of $1,50 am ounce.

“The equity acquisition of these properties emphasises our mission to identify and acquire undervalued ore-bearing properties in Africa a region well known to management, while maximising shareholder value,” Dale Paul, chief executive officer of Centurion Gold, said.

“The three properties are JORC compliant, which is based on the Australian method of verifying reserves, similar to the South African Samrec compliant codes, and are recognised under a government-to-government agreement between Gabon and South Africa and a contract with Avalanche. We are pleased with the expedience of the due diligence of these properties, which has revealed 600 000 oz of proven gold reserves to date.”

He added that Centurion Gold will continue to prove reserves, as early indications reflect up to 1,5-million ounces of inferred gold resource at the combined mines.