Canada-based Centurion Minerals Ltd, which focuses on the exploration and development of gold and other precious metal projects in Southeast Asia, said it has identified six priority exploration targets for the Phase 2 of its Myanmar program.
The firm recently completed a reconnaissance (Phase 1) exploration program on the “Slate Belt” concession located in central Myanmar and continues to compile historical geological and exploration information.
Following its exploration the firm said there are strong prospects of big copper and gold deposits in the concession are.
Centurion is currently evaluating two mineral exploration concessions located in the major north-south trending gold belt in central Myanmar. The Slate Belt concession is located approximately 125 kilometres (km) south of Mandalay and covers an area of approximately 700 square km.
The Bani Concession, also referred to as the Kin Ywar concession, is located approximately 40km north of Mandalay and covers an area of approximately 1,000 square km.
The Company is planning Phase 2 exploration activities to commence upon the conclusion of the rainy season and will include advanced exploration in selected target areas within the Slate Belt as well as continued early stage concession-wide exploration and assessment in both the Slate Belt and Bani Concessions.
David Tafel, president and CEO of Centurion, said, “The activities concluded to date will be utilised to focus more advanced exploration efforts, particularly in the southern section of the concession.
“The results of the initial field work as well as the recently compiled historical exploration data clearly support our original exploration concepts of exploring for sediment hosted lode gold deposits and intrusion related gold-copper deposits within the Slate Belt Concession,” he added.