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Wednesday, 6th February 2008 (5051 views)

A new zone of "extremely" high-grade gold minseralisation has been intersected at the Sukari Hill gold project in Egypt's Eastern Desert, according to reports.

According to Thomson Financial, the company behind the project, Centamin Egypt, said the results are part of an ongoing drill programme that has been "very successful" in targeting an extension of the project's Hapi zone.

Significant gold results have also been detected in the Amun Deeps area of Sukari Hill in recent months, the report said. Centamin plans to drill this zone further to add to the current gold resource.

Centamin has been conducting gold exploration in Egypt since 1995. It received its exploitation lease for the 160 sq km Sukari Hill project in 2005.

The company estimates the current resource at Sukari at 7.46 million ounces of gold in measured and indicated reserves. A further 3.7 million ounces are contained in inferred resources.

 

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