SUKARI GOLD PROJECT
CENTAMIN EGYPT LIMITED
Hellman & Schofield has been assisting Centamin Egypt in
their evaluation of the Sukari gold deposit for some time. In late 2001 we
completed an updated estimate of gold resources, the recoverable resource model
being used for pit optimisation and an economic scoping study.
Sukari gold deposit is located in the Eastern Desert of Egypt, 15 kilometres
west of the Red Sea coast. Gold workings date from Pharaonic and Roman times,
and British concerns mined parts of the deposit in the early 20th century.
Gold mineralisation is associated with stacked quartz veins and stockworks in an
altered rhyodacite porphyry body. Estimation of resources in deposits of this
style is often difficult but H&S's proprietary MIK software, GS3©, is ideally
suited to such situations.
Estimated resources at Sukari presently stand at 18.8Mt @ 2.14g/t Au (using 1g/t
cut-off). The deposit is only partly drilled out and Centamin Egypt is
increasing the drilling effort in early 2002 with addition of another three rigs
to the fleet.
Centamin holds title to over 4500 square kilometres of ground in eastern Egypt.
Numerous other historic gold workings and significant base metals occurrences
are known in the area.
Picture:
Exploded view of Sukari resource model on 100 metre spaced
cross-sections
