Century Mining to drill 3,000 m at San Juan mine
Century Mining Corp (C:CMM)
Shares Issued 115,762,884
Last Close 12/5/2006 $0.68
Wednesday December 06 2006 - News Release
Ms. Margaret Kent reports
CENTURY MINING PROVIDES UPDATE ON SAN JUAN EXPLORATION PROGRAM
Century Mining Corp. is providing an update on its exploration program in Peru. In Peru, the company owns the San Juan mine in Arequipa province of southern Peru, which has at least six excellent exploration targets on its 250-square-kilometre property and the Colina Dorada property located in the province of Piura in northern Peru.
San Juan exploration update
The company's exploration team in Peru has begun surface and underground drilling at the San Juan mine. The company currently has two drills in operation, one underground and one surface drill, and has contracted a third drill rig to begin operations in December, which will augment the surface drilling program at the site.
In addition to the completion of access roads, drill platforms and other ancillary work to expedite the exploration program, Century maintains full-time professional staff on site, including the company's manager of exploration in Peru and four geologists.
The drilling program currently under way is intended to expand the known mineralization of the San Juan exploration block. The company expects to complete this 3,000-metre program by early February, 2007.
Meanwhile, Century has applied for an additional drilling permit to expand San Juan resources. Upon approval of this application, the company will apply for an exploration permit for the Alcapay area, which is a continuation of the San Juan veins across the Chorunga River. Concurrently, the company has commenced an age dating program that will more clearly identify the fundamental geology at San Juan.
Regarding other exploration targets on the San Juan property, Century has acquired additional land concessions in the San Juan district to supplement the company's current land package.
Margaret Kent, president and chief executive officer, commented: "We are very pleased with the progress we have made since acquiring San Juan in May of this year. Despite initial delays, we will now have three drill rigs working at the San Juan mine, which is the first step in a comprehensive exploration program. We are excited to have started the drilling program and will announce these results as they become available."
© 2006 Canjex Publishing Ltd.
yeeeeeeeeeeeehaaaaaaaaawwwww these guys finally figured out how to get a news release out??...........well at least one people have been waiting for??
yeah babay the world is surely turning for us now EH, all the things happening just in time for National Media to start earning thier 7k/mth??
lets do it Peg's you go girl??
tanoose |
