Cenit Intersects 4.8 m of 7.27% Copper, 144 g/t Silver at Batchawana Copper Project

TSX.V
Symbol:  CNT
Shares Outstanding: 61,154,269

TORONTO, Nov. 7, 2011 /CNW/ - Cenit Corporation (CNT: TSXV) completed the SB Zone Drill Program in October 2011 consisting of 6 drill holes.  The program was designed to test the SB Zone which is the southeast extension of the past-producing Coppercorp Mine. Assays are pending for the last two drill holes completed on the SB Zone.  The drill has now been moved to test a second target, the Kincaid Breccia, located 6 kilometres northeast of the Coppercorp Mine. The reconnaissance geological mapping and surface sampling program have now been completed.

The Batchawana Copper Project is located approximately 85 kilometres northwest of Sault Ste. Marie, Ontario.  Cenit and its joint venture partner First Minerals Exploration Ltd. retain approximately 60 square kilometres of contiguous claims covering a large part of the prospective Mamainse Point Formation and the western portion of the Batchawana Greenstone Belt.

Coppercorp SB Zone Drill Program Results

Six NQ size drill holes have been completed on the SB Zone totalling 980 metres. Shallow drill holes BCP-15-11 and BCP-16-11 were designed to test the near surface mineralization above Level 1. Deeper drill holes BCP-17, 19, 21, and 24 were designed to test the extension of the SB Zone below Level 3 (145 metres depth). All drill holes intersected copper-silver mineralization 25 to 50 metres along the down-dip extension of the SB Zone from Level 3. From preliminary cross sections, it appears that the typical mineralized vein breccia has been intersected, along with a possible splay vein. Composite assay result for the first four drill holes are summarized in Table 1. Assays are pending for the mineralized sections in drill holes BCP-21-11 and BCP-24-11 which intersected the mineralized vein breccia and chalcocite-bearing veins.

Table 1: SB Zone Assay Results

DDHID From To Length Cu % Ag g/t Au ppb
BCP-15-11 9.1 12.9 3.8 1.67 14.8 111
BCP-16-11 13.1 17 3.9 1.83 18.1 119
BCP-17-11 213.6 220.8 7.2 0.72 12.2 13
BCP--19-11 193.7 198.5 4.8 7.27 144.5 29

Kincaid Breccia Drill Program Update

Surface mapping of the Kincaid Breccia has traced the breccia zone over 400 metres in a northwest-southeast direction.  The approximate width varies from 40 metres up to 200 metres at its widest point. The breccia has been interpreted to be in fault contact with mafic volcanics and intrusives of the the Mamainse Point Formation and occurs near the unconformity with Archean greenstones.

Four drill holes on 100 metre centers, and 250 meters in length will test the contact between the breccia and mafic volcanics and the extent of copper-silver mineralization in the breccia.  New assay results from grab samples of the mineralized portions of the breccia are summarized in Table 2.

Table 2: Kincaid Breccia grab sample results

Sample Cu % Ag g/t Au g/t
1 1.61 1 0.031
2 1.63 6.2 0.034
3 17.06 23.4 0.078
4 3.14 29.6 0.184

All core samples were selected by the Cenit site geologist and were split in half. Individual samples were placed in plastic sample bags with a sample tag number and sealed. Groups of samples were then placed into rice bags and sealed with locking plastic tabs. The remaining half cores are stored in core racks at the Coppercorp Mine site in the outdoor storage area. The access road to the Coppercorp site is gated and locked.

All sample shipments were sealed and shipped to AGAT Laboratories Inc. in Mississauga, Ontario for analysis. AGAT Laboratories' quality control system complies with the requirements for the International Standards. Cenit Corporation also had its own quality control / quality assurance programs in place. The remaining coarse reject portions of the samples and sample pulps remain in storage at the AGAT storage facility in Mississauga in the event that further analyses are required.

AGAT Laboratories used Fire Assay/ICP-OES finish for gold and Aqua Regia/ICP-OES finish for copper and silver analyses in determining the above values.

Technical information on the Batchawana Copper Property has been reviewed and approved by Delio Tortosa, P. Eng. who is a "Qualified Person" under National Instrument 43-101 and a consultant to Cenit.

Cenit Corporation

Cenit Corporation is a Canadian-based exploration company focused on base metal exploration. The Company's primary objective is to explore highly prospective base metal projects, particularly copper, in order to meet the increasing global demand.  The Company has two key exploration projects; the Coppercorp Project and the Rivière Doré Project in Quebec.

CAUTIONARY STATEMENT: Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates",  "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws. Please see our public filings at www.sedar.com for further information.

SOURCE Cenit Corporation

For further information:

Cenit Corporation
Judy Baker
President & CEO
Tel: 416. 214. 9152
Email: info@cenitcorp.com
Web site: www.cenitcorp.com

Profil de l'entreprise

Cenit Corporation

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.