Centamin Egypt Ltd's managing director Josef El-Raghy was 1 obviously relieved when he spoke at RIU's Sydney Resources Round-up Conference earlier this quarter about his company's Sukari gold play in Egypt. Just before the forum the dual-listed junior announced it had reached an agreement with the African country's mineral resource authority that allowed it to re-start operations on a new mining (exploration) lease covering 160 square kilometres in the nation's eastern desert. The company recently began a 10,000 metre infill drilling program in an attempt to add more ounces to an already-optimised pit. Sukari is an outcropping granodiorite porphyry with a mapped strike extent of 2.5 km. To date Centamin has drilled 322 holes for 66,000m -- predominantly in the southern 800m of the outcrop. The current measured, indicated and inferred resource in this area is 2.94 million ounces.
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