Centennial Mining Announces New Magenta Mineral Resource and SPP Closing Date Extension

Centennial Mining Limited (ASX: CTL) has announced the first independent Mineral Resource from previously reported drilling results within the Magenta Exploration Target Area at its 100% owned A1 underground gold mine in Victoria.

Commenting on these results, Centennial’s Executive Chair, Dale Rogers, said:

“The Mineral Resource for Magenta is exciting because it defines a pathway for development, long hole mining and ultimately production for the next several years. The bulk of the higher grade Inferred Mineral Resources at the A1 Gold Mine are at depth, below the old workings. The Magenta Resources will provide the link between the existing development and the higher grade Resources of ~374,000 tonnes grading 6.5 g/t below the 22 level and the historic workings.”

“Importantly the Mineral Resource has not been closed off within the Magenta Zone or at depth. As a result, pending further funds, it is planned to continue drilling to increase and upgrade the Magenta Zone Mineral Resource and also our global mineral resources to add mine life at the A1 Gold Mine.


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