Centamin has announced plans to execute a number of detailed geological ground physical and mapping surveys in the Nugrus prospects, Umm Majal and Little Sukari, in H1 2024.

This came in a company statement discussing the drilling results of its program on the Eastern Desert Exploration (EDX) landholding in Egypt.

The EDX blocks comprise 3,000 km2 of greenfield exploration tenements within Egypt’s Nubian Shield – a highly prospective geological belt, which has not been explored using modern exploration methods.

Centamin has finalized a 16,216 meters reverse circulation maiden drill program within eight targets on the Nugrus block, adjacent to the Sukari Mining Concession.

“Through the application of our systematic approach to assessing the geological potential of our Egyptian exploration portfolio, our team has delivered an encouraging set of maiden drill results across several targets within the Nugrus block, which is adjacent to our operating mine, the Sukari Gold Mine. Supported by a pending new mining regulatory and fiscal regime, these results underpin Egypt’s emergence as an attractive exploration jurisdiction which Centamin is uniquely positioned to leverage given our experience and long-standing position in-country. We have an exciting work program budgeted for 2024 which includes delineating potential resources and further drill targets in Egypt as part of our growth strategy, which has already increased pre-depletion Group reserves by 3.5Moz over the last three years,” Martin Horgan, the company’s CEO, commented.