Centenario Gold Corp. Expands Eden Property Exploration with Phase 2 Program

Centenario Gold Corp. is set to embark on the second phase of its exploration program on the Eden property in Culiacan, Sinaloa, following promising results from its initial drilling efforts. The Vancouver-based company reported that the maiden drilling program, which concluded in February 2024, has significantly contributed to the understanding of the mineralized systems present. The upcoming exploration, led by experts Alain Charest and Hermilo Mendoza, aims to drill-test new targets across the property, focusing on areas such as the Buenavista epithermal system and the La Provedora prospect.

The first phase of drilling revealed valuable geological insights into the Buenavista corridor, pinpointing high-grade gold (Au) and silver (Ag) samples. However, both the upper sections and deeper portions of this structure remain largely unexplored, setting the stage for the next phase of drilling. Moreover, the alteration of the Eden Property Option Agreement, reducing the upcoming payment from US $100,000 to US $50,000 with an additional fee for the extension, indicates a strategic financial maneuver by Centenario Gold.

With an improved geological model, stemming from intricate analysis of the lithological and structural characteristics observed, Centenario is poised to further explore the potential of the Eden property. This includes examining the untested northern extension and investigating the intriguing mineralization at the La Republicana prospect, situated east of La Provedora. The company's commitment to expanding its exploration activities underpins its strategy to leverage the promising geological data acquired from the initial phase, aiming for significant discoveries in the subsequent explorations.