Centor is intelligently taking advantage of their own strong position, as well as external, consolidative forces in the resource sector to help build their already strong project portfolio (15.5 sq mile Nobewam project in the Kumasi basin, near the 4M oz Konongo mine) in Ghana’s rich, under-developed mineral base, and the company was pleased to report today that they have exercised their option to purchase the Achaa Mining Company concession at Anyinaso, just 18.5 miles south of Newmont’s Kenyasi mine.
The 10.3 square mile Anyinaso Concession lies in the heart of the prolific (and by now world-famous) Ashanti Gold Belt, which shows ankerite, calcite, magnesite, and siderite in all host and mineralized rocks (spec. Bogoso/Prestea mining districts). This is one of the key gold areas in the world right now and CNTO is cozied up alongside majors in the race to grab prime acreage, as a much smaller player with tremendous potential upside on their deposits for investors.
Initial recon and analytical exploration efforts on Anyinaso have yielded promising returns and CNTO management is confident that results will pan out handsomely during the 6-month window allowed under the option agreement for testing. In fact, CNTO is hard at work on the test program’s details right now, hammering out the profile of a rigorous soil sampling effort for one of the choice target areas, a nice big slice between the Offin Shelterbelt Forest Reserve and the Awontaso River.
More western Kumasi basin potential here for CNTO, just at the northern arm of the Safi Belt in territory that has been extensively looked at by Newmont and others, validating the mineralization potential in spades. We have some huge vectors here for not just structural contact, but all kinds of intrabasinal sediment and the property is up from the 300k oz (over seven years) alluvial, Jeni River Concession, meaning much of that gold potentially came out of the hard rock at Anyinaso. Not so far north as Newmont’s Kenyasi mine, about 4.3 miles north of Anyinaso, we have the site where Ashanti-Bibini open-pitted some 100k ounces of Au via the exceptional Mpesetia deposit.
Just to the southeast another four open pit operations, collectively, within the last decade have pulled out a whopping 30M tons at 2g/t and it seems certain that, given the structural similarities between the proximal open pit operations, the regional geology, and the initial Anyinaso findings, high confidence at CNTO is well-deserved about Anyinaso’s long-term profitability for shareholders. If production is in line with estimates based on these metrics, data coming out of the next phase of testing, for which CNTO is now poised, should impress both investor and shareholder alike.
You can take a look at the Terminal Report on Nobewam (PDF) and the Geological Report on Anyinaso (PDF), or get more general info on Centor, Inc., at www.CentorResources.com
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