Century Mining's Underground Drill Program at Bedard Dyke Continues to Intersect High Grade Gold Values
BLAINE, WASHINGTON -- (Marketwire) -- 09/27/10 -- Century Mining Corporation ('Century' or the 'Company') (TSX VENTURE: CMM) is pleased to announce the following results from its first seven diamond drill holes from the first underground drill station in the Bedard Dyke at the Lamaque Gold Mine in Val D'Or, Quebec.
Significant results include (see below for full drillhole detail):
-- Hole 10-2760-1: 9.88 to 11.22 m; 1.34 m grading 67.5 g/t Au (uncut),
31.10g/t Au (cut to 1oz/t)
-- Hole 10-2760-2: 36.03 to 37.70 m; 1.68 m grading 5.69 g/t Au (uncut and
cut)
-- Hole 10-2760-3: 26.70 to 28.32 m; 1.62 m grading 25.57 g/t Au (uncut),
20.74 g/t Au (cut to 1oz/t) and 41.15 to 44.20 m; 3.05 m grading 5.65
g/t Au (uncut and cut)
-- Hole 10-2760-4: 15.09 to 17.50 m; 2.41 m grading 27.66 g/t Au (uncut),
25.36 g/t Au (cut to 1oz/t)
-- Hole 10-2760-5: 8.23 to 11.89 m; 3.66 m grading 17.97 g/t Au (uncut),
12.78 g/t Au (cut to 1oz/t)
-- Hole 10-2760-6: 13.23 to 14.57 m; 1.34 m grading 7.09 g/t Au (cut and
uncut)
-- Hole 10-2760-7: 27.13 to 29.99 m; 2.87 m grading 22.36 g/t Au (uncut);
17.03 g/t Au (cut to 1oz/t)
This first drill station was designed to test the extent of both the Bedard Dyke contacts and the internal structure of the mineralization in areas where no previous drilling has been done. These results, along with the continued drilling campaigns in the Bedard Dyke, will be used to complete a new 3D wireframe model to assist in mine planning and resource estimation.
The Company is planning to complete a mineral resource estimate in 2011 compiled from current and future drilling at the Bedard Dyke zone. No resource estimate is currently published at the Bedard Dyke zone and all potential resources derived from the zone will be in addition to the current mineral resources already published for the Lamaque complex.
'The Bedard Dyke drilling continues to delineate high grade mineralization not currently within the Company's existing Proven and Probable reserves or Measured and Indicated resources at Lamaque, which exceed 2.4 million ounces of gold. Our operating team will soon be producing tonnes from the Bedard Dyke, which we expect to be a key component of our development plan for the Lamaque mine,' commented Keith Hulley, interim CEO.
Bedard Dyke Significant Intersections (Drill Station #1)
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Gold
Gold Grade
Grade (g/t
(g/t Au)
Drill Hole From To From To Length Length Au) Cut
Number (ft) (ft) (m) (m) (ft) (m) Uncut (1 oz/t)
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10-2670-1 14.80 19.50 4.51 5.94 4.70 1.43 20.08 18.02
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32.40 36.80 9.88 11.22 4.40 1.34 67.50 31.10
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43.80 47.50 13.35 14.48 3.70 1.13 35.66 31.10
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52.80 55.00 16.09 16.76 2.20 0.67 36.80 31.10
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10-2670-2 34.30 38.70 10.45 11.80 4.40 1.34 8.93 8.93
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118.20 123.70 36.03 37.70 5.50 1.68 5.69 5.69
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10-2670-3 14.70 18.10 4.48 5.52 3.40 1.04 8.72 8.72
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57.10 58.10 17.40 17.71 1.00 0.30 5.07 5.07
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84.40 85.40 25.73 26.03 1.00 0.30 20.24 20.24
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87.60 92.90 26.70 28.32 5.30 1.62 25.57 20.74
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97.80 100.50 29.81 30.63 2.70 0.82 3.33 3.33
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135.00 145.00 41.15 44.20 10.00 3.05 5.65 5.65
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10-2670-4 6.60 10.00 2.01 3.05 3.40 1.04 4.63 4.63
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36.00 38.30 10.97 11.67 2.30 0.70 20.42 20.42
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49.50 57.40 15.09 17.50 7.90 2.41 27.66 25.36
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79.40 80.40 24.20 24.51 1.00 0.30 12.03 12.03
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10-2670-5 20.00 21.50 6.10 6.55 1.50 0.46 4.84 4.84
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27.00 39.00 8.23 11.89 12.00 3.66 17.97 12.78
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10-2670-6 5.50 9.50 1.68 2.90 4.00 1.22 1.75 1.75
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38.50 41.50 11.73 12.65 3.00 0.91 20.12 20.12
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43.40 47.80 13.23 14.57 4.40 1.34 7.09 7.09
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69.00 72.50 21.03 22.10 3.50 1.07 100.55 31.10
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10-2670-7 7.00 11.50 2.13 3.51 4.50 1.37 4.24 4.24
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33.10 36.40 10.09 11.09 3.30 1.01 31.81 31.10
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42.50 48.40 12.95 14.75 5.90 1.80 33.48 19.11
-----------------------------------------------------------
50.00 52.50 15.24 16.00 2.50 0.76 5.19 5.19
-----------------------------------------------------------
55.10 61.50 16.79 18.75 6.40 1.95 6.60 6.60
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62.20 63.40 18.96 19.32 1.20 0.37 22.72 22.72
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89.00 98.40 27.13 29.99 9.40 2.87 22.36 17.03
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151.20 157.20 46.09 47.91 6.00 1.83 3.14 3.14
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Note: All holes stated above at drill station #1 were collared underground in the Bedard Dyke at the following coordinates:
Section and Easting Northing Elevation
Location (ft) (ft) (RL)(ft)
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Bedard Dyke 2670 5185 14841
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Bedard Dyke Drillhole Azimuth, Angle, Depth (Drill Station #1)
Hole Azimuth
Drill Hole (Magnetic Hole Angle Total Depth
Number degrees) (degrees) (ft) Total Depth (m)
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10-2670-1 209 -52 degrees 244.5 74.5
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10-2670-2 202 -32 degrees 99 30.2
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10-2670-3 192 -58 degrees 231 70.4
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10-2670-4 176 -71 degrees 234 71.3
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10-2670-5 174 -32 degrees 58 17.7
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10-2670-6 143 -79 degrees 307 93.6
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10-2670-7 164 -67 degrees 163 49.7
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Note: Intersections are calculated down the drill holes using a 1 gram per
tonne (g/t) assay cut-off and allowing a maximum of 2 feet of internal
waste. Assays immediately following the internal waste must carry the waste
interval to be included in a particular intersection. 1 g/t was chosen as a
cut-off to show the continuity of the mineralization and to reflect the
width and nature of the mineralized zones. The width of the mineralization
quoted is down hole length of the drill intercept and true widths will vary
depending on the drill angle. A 'Top Cut' of 1 ounce per tonne (oz/t) was
applied to all individual assays ('cut') above 1 oz/t or 31.103 g/t to limit
the potential effects of high grade assays on the intersection grades.
Further statistical study is required to confirm that a 1 oz/t 'top cut'
is appropriate in the Bedard Dyke sample population.
The results of Century's drilling program have been reviewed, verified and compiled by H. Andrew Daniels, P. Geo, Vice President, Geology, a qualified person as defined by National Instrument 43-101.
To ensure reliable sample results, Century has adopted a rigorous QA/QC program that monitors the chain-of-custody of samples and includes the insertion of blanks, duplicates, and certified reference standards in each batch of samples. Drill holes are logged and a representative pulp sample is retained in a secured facility for verification purposes. Sample preparation (crushing and pulverizing) is performed at the Century Lamaque assay lab and regularly checked at an independent local laboratory. Prepared samples are analyzed at the Lamaque assay lab using a FA30-AAS (Fire Assay on 30 gram sample with an Atomic Absorption finish) and regularly checked at a local independent laboratory, ALS Chemex in Val d'Or, Quebec.
About Century Mining Corporation
Century Mining Corporation is a Canadian junior gold producer and holds strategic land positions in Canada, United States and Peru. The Company's strategy is to grow to an intermediate gold producer through existing mine expansions and acquisitions of other strategic and synergistic gold opportunities.
On behalf of Century Mining Corporation,
Keith Hulley, Interim CEO
Caution Concerning Forward-Looking Information
This press release contains forward looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. We use words such as 'may', 'will', 'should', 'anticipate', 'plan', 'expect', 'believe', 'estimate' and similar terminology to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in gold and other commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our South American activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis included in this Annual Report, in our Annual Information Form and in other filings made by us with the Securities and Exchange Commission and with Canadian securities regulatory authorities and available at www.sedar.com.
While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward- looking statements and forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Century Mining Corporation
Peter A. Ball
Director of Investor Relations
(360) 332-4653 or Toll Free: (877) 284-6535
(360) 332-4652 (FAX)
pball@centurymining.com
www.centurymining.com