Message #29 From:
NewsBot Date: November 28, 2006 03:00:00 AM
CGHI News Centurion Gold Receives Prospecting Rights for Platinum Project K and R/ DIAMANT and Final Competent Persons Report by World Renowned Geological Survey Company SRK Engineers
JOHANNESBURG, South Africa--(BUSINESS WIRE)--Centurion Gold (OTCBB:CGHI)
announced today that it has received the prospecting rights for its K
and R/ DIAMANT Platinum project. Naboom Platinum purchased from ANGLO
GOLD has also received its prospecting license and ANGLO GOLD
paid as per the agreement between the two parties. World renowned
Engineering Company SRK has finalized the report on both Naboom Platinum
and K and R/ DIAMANT. The report indicates good potential for mining
with a unique platinum mineralization in that it is “Native
Platinum”. The “Native
Platinum” makes it a very pure grade platinum
without impurities and therefore much simpler to refine and a cheaper
process. The full report can be seen on the Centurion Gold web site
under PLATINUM. Centurion is finalizing the first stage business plan of
the report with full funding from LATRELL SA. On finalization of this
funding further announcements will be made to the public.
Centurion Gold Holdings (OTCBB:CGHI)
is a resource development company that acquires, develops and mines or
spins out natural resource assets. The Company's mineral assets
generally have combined the potential for a near term revenue stream and
existing low cost production operations with turnaround opportunities.
Based in South Africa, the Company is ideally suited to exploit new
legislation implemented by the South African government in May 2004.
This legislation enforces a "use it or lose it" strategy, whereby all
mining claims must be prospected within a designated time frame;
otherwise, such prospects revert to the state, thereby creating
never-before-seen opportunities, particularly for smaller companies like
Centurion. The Company has built a strong team of experienced management
and operations mining professionals to exploit these opportunities and
is positioning itself to become a major producer by continually
implementing its "growth through acquisition" strategy. www.centuriongold.com
Forward-Looking Statements
Statements about the Company's future expectations, including future
revenues and earnings, and all other statements in this press release
other than historical facts are "forward-looking statements" within the
meaning of section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934 and as the term is defined in the
Private Securities Litigation Reform Act of 1995. The company's actual
results could differ materially from expected results. The Company
undertakes no obligation to update forward-looking statements to reflect
subsequently occurring events or circumstances. Should events occur
which materially affect any comments made within this press release the
Company will appropriately inform the public.
