Monday, March 15, 2010

Drill Results

BLAINE, WASHINGTON--(Marketwire - March 15, 2010) - Century Mining Corporation ("Century" or the "Company") (TSX VENTURE:CMM) is pleased to announce results of surface diamond drilling at the Bedard Dyke at the Lamaque Gold Mine. The recently completed drill program was designed to test the extent of the dyke, as well as the grade. A total of 8 holes (1,625 meters) were completed during February, 2010. Results from the final three holes are still pending.
"The Bedard Dyke drilling was successful in delineating the zone for mining planning, geotechnical engineering and future mine development in 2010. The results continue to show the high grade mineralization and upside potential of the Lamaque mine complex, as the Company continues to build the reserves and resources at the Lamaque gold project. Existing proven and probable reserves and measured and indicated resources at Lamaque exceed 2.4 million ounces of gold," commented Margaret Kent, President & CEO.
About the Bedard Dyke
The Bedard Dyke, which strikes southwest and dips steeply to the south, is located at the west end of the Sigma open-pit. The Bedard Dyke outcrops in the open pit and will be an important ore source during the startup of the Lamaque Mine. The Bedard Dyke is typical of the mineralized dykes found at the Lamaque mine, where the mineralization is contained both in flats within the steeply south dipping dyke and within flats hosted by volcanic rocks adjacent to the dyke. The current drilling program was successful in delineating and confirming the spatial location of the dyke for mine planning and future development.
The current drilling intersected the Bedard Dyke at depths varying between 18 and 228 meters below topographic surface. Interpretation of the dyke, utilizing current and historic drill holes is currently being completed and indicates that the Bedard Dyke has a minimum strike length of 210 meters and dips approximately 80 degrees to the south. The dyke pinches, swells and bifurcates both along strike and down dip. Dyke widths vary from approximately 2 meters thick on the western end, to 10 meters thick on the eastern end near the Sigma open-pit.
Sections and plan maps are available on the website (www.centurymining.com) for holes 2655-1A, 2700-1 and 2700-2. Please see table below for drillhole detail and assays:

------------------------------------------------------------------------- True Grid From To Width GradeHole # Azimuth Inclination (m) (m) (m) (g/t Au)------------------------------------------------------------------------- 64.08 64.92 0.73 4.29 -------------------------------------- 67.03 69.01 1.40 7.722655-1A 0 -75 -------------------------------------- 71.99 72.91 0.70 5.10 -------------------------------------- 75.59 76.60 0.87 10.10------------------------------------------------------------------------- 60.62 63.15 2.19 2.89 -------------------------------------- 69.19 75.01 5.28 9.562700-1 0 -65 -------------------------------------- 77.85 79.46 1.32 3.61 -------------------------------------- 80.77 83.30 1.94 3.06------------------------------------------------------------------------- 71.60 72.02 0.40 2.29 -------------------------------------- 192.63 193.55 0.86 3.172700-2 0 -80 -------------------------------------- 199.74 200.44 0.54 4.19 -------------------------------------- 203.51 204.09 0.33 2.14------------------------------------------------------------------------- 47.64 49.87 2.15 2.55 -------------------------------------- 53.04 55.08 1.92 10.06 -------------------------------------- 58.67 59.28 0.61 6.14 --------------------------------------2610-7 65 -45 63.92 65.87 1.69 100.50 -------------------------------------- 80.35 81.23 0.87 7.63 -------------------------------------- 83.21 84.00 0.72 25.20 -------------------------------------- 97.44 98.42 0.88 4.84------------------------------------------------------------------------- 59.10 62.18 2.67 14.17 -------------------------------------- 64.08 64.92 0.73 4.29 -------------------------------------- 67.03 69.01 1.40 7.72 --------------------------------------2610-8 79 -67 Incl. 68.24 68.88 0.45 25.1 -------------------------------------- 80.44 81.17 0.66 38.2 -------------------------------------- 154.35 154.99 0.37 6.66 -------------------------------------- 157.64 159.78 1.85 2.79-------------------------------------------------------------------------

Ross Burns P.Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release. Samples were assayed at ALS Chemex in Val d'Or using standard fire assay techniques with a gravimetric finish.
About Century Mining Corporation
Century Mining Corporation is a Canadian junior gold producer and holds strategic land positions in Canada, United States and Peru. The Company's strategy is to grow to an intermediate gold producer through existing mine expansions and acquisitions of other strategic and synergistic gold opportunities.
On behalf of Century Mining Corporation,
Margaret M. Kent, President & CEO
Caution Concerning Forward-Looking Information
This press release contains forward looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. We use words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in gold and other commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our South American activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis included in this Annual Report, in our Annual Information Form and in other filings made by us with the Securities and Exchange Commission and with Canadian securities regulatory authorities and available at www.sedar.com.
While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.

FOR FURTHER INFORMATION PLEASE CONTACT:
Century Mining CorporationPeter A. BallDirector of Investor Relations(360) 332-4653 or Toll Free: (877) 284-6535
pball@centurymining.comwww.centurymining.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
----------------------------------------------------Thank you for choosing TD Waterhouse. At TD Waterhouse, we are committed to providing you with the information, tools and resources you need to stay on top of the markets and invest with confidence.
To change your alert settings or to unsubscribe from the alerts service, please login to WebBroker.
TD Waterhouse Canada Inc. is a subsidiary of The Toronto-Dominion Bank. TD Waterhouse Canada Inc. - Member CIPF. These products and/or services are only offered in jurisdictions where they may be lawfully offered for sale.----------------------------------------------------(c) 2010 CTVglobemedia Publishing Inc. All rights reserved.

No comments: