Century Discovers New 2 km Long Mineralized Zone At Rosario de Belen



    BLAINE, WA, Dec. 13 /CNW/ - Century Mining Corporation (CMM: TSX-V) today
announced results from the sampling and mapping program at the Rosario de
Belen gold mine in Peru. In today's announcement, Century's 10 member team,
including geologists, technicians and support personnel, reported that they
have discovered a new mineralized zone at the Company's Rosario de Belen gold
mine in Peru (see Table 1 below for sample results). The strike length is
approximately 2 km long and consists of quartz veinlets hosted by andesite.
The discovery is the result of a sampling and mapping program commenced in
November 2007, and scheduled to continue through February 2008. The purpose of
this program is to accurately and efficiently identify targets for exploration
at Rosario and other nearby concessions. The results will be used to develop
comprehensive drilling and exploration plans for Rosario de Belen in 2008.
    The Rosario de Belen property covers a total land position in excess of
12,000 hectares, and the mapping and sampling completed to date represents
only about 25% of the total property. The Company is encouraged by these early
sample results since Century Mining acquired Rosario de Belen in May 2007 as
an operating mine with excellent exploration potential, given its close
proximity to other significant known gold deposits.
    The Company also reported that the Rosario de Belen mine was connected to
the national power grid in September, thereby eliminating the need generate
power on site. In addition to providing reliable, uninterrupted power to the
mine, connection to the power grid will reduce costs and facilitate future
drilling, exploration and mine expansion for the project.

    Details of the sampling and geology at Rosario de Belen are as follows:

    Gold/silver mineralization at Rosario de Belen is associated with
andesite that is overlain by sedimentary rocks of the Chimu Formation. The
Chimu Formation hosts the nearby Santa Rosa gold deposit, which is currently
producing 140,000 gold-equivalent ounces per year, and is also host to
world-class gold deposits including Lagunas Norte, which is producing 1.1
million ounces of gold per year, and Yanacocha, which is producing 2.6 million
ounces of gold per year.
    Rosario de Belen is currently heap leaching quartzites, which overlie
altered andesitic volcanic rocks on the northern portion of the Rosario de
Belen concession. Mapping in the mine area has shown the underlying andesite
to contain gold bearing quartz veins that will be the initial focus of the
drill program.
    The Anely II concession directly south of the Rosario de Belen concession
was one of the first areas to be mapped and sampled. Mapping showed the
concession to be mostly andesite with a veneer of quartzites, sandstones and
lutites over a portion of the concession. The initial grab sampling on the
Anely II concession returned the following values from quartz veins in a two
kilometer long zone striking N45E toward the Rosario de Belen mine. The zone
occurs within andesites, however an anomalous sample (7012) was returned from
quartzite overlying andesite two kilometers along strike from the first zone.
Detailed sampling will be completed over the strike length of the
mineralization as part of the remaining mapping and sampling program.

    
                                   Table 1

    -------------------------------------------------------------------------
                  g/t           g/t
    -------------------------------------------------------------------------
    Sample No.   Gold         Silver         Rock Type           Location
    -------------------------------------------------------------------------
    7006        7.545   (greater than) 100    Andesite   Anely II concession
    -------------------------------------------------------------------------
    7030        1.728   (greater than) 100    Andesite   Anely II concession
    -------------------------------------------------------------------------
    7002        1.288          80.1           Andesite   Anely II concession
    -------------------------------------------------------------------------
    7001        0.937          66.1           Andesite   Anely II concession
    -------------------------------------------------------------------------
    7031        0.070           0.9           Andesite   Anely II concession
    -------------------------------------------------------------------------
    7012        0.064           0.5          Quartzite    Rosario Concession
    -------------------------------------------------------------------------
    

    Margaret Kent, chairman, chief executive officer and president of Century
commented: "The early indications from the sampling and mapping project at
Rosario de Belen are very exciting. The results confirm our initial evaluation
of the potential this property has, given its close proximity to some of the
largest gold mines in the world. Upon completion of the current sampling
project, we will begin an aggressive drilling and exploration program at
Rosario de Belen in 2008. Toward the future, we envision Rosario de Belen not
just as a profitable stand-alone gold mine, but a central part of the
Company's expanding portfolio of operating mines in Peru."
    Technical information included in this press release was reviewed by
Century's "Qualified Person" Ross Burns, B.Sc, P.Geo., Vice President,
Exploration.

    About Century Mining Corporation

    Century Mining Corporation is an emerging mid-tier gold producer that is
aggressively acquiring producing mines and exploration properties in Peru. The
Company owns and produces gold at the Lamaque mine in Québec that historically
has produced over 9.4 million ounces of gold. In Peru, Century wholly-owned
subsidiaries own an 82.6% interest in the San Juan Mine where the Company
accounts for 100% of gold production. Century subsidiaries have also recently
acquired Rosario de Belen where it accounts for 100% of both gold and silver
production. Century's growth strategy is to acquire gold producing assets in
South America that will substantially reduce the Company's consolidated total
cash cost of production and where there is exceptional exploration potential
to expand production at these mines.

    "Margaret M. Kent"

    Chairman, President & CEO

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the contents of this press
    release.

    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:

For further information: Brent Jones, Manager of Investor Relations,
E-mail: bjones@centurymining.com, Phone: (877) 284-6535 or (360) 332-4653,
Fax: (360) 332-4652, Website: www.centurymining.com

Organization Profile

CENTURY MINING CORPORATION

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890