Drill Results Routine +

Centurion Conducts Helicopter Reconnaissance Survey at Limestone Gold Project, Suriname

Centurion’s helicopter survey maps alluvial targets near Zijin’s Rosebel in Suriname as the company faces a cash crunch requiring capital.

By The Northwire Desk — AI Analysis Jun 08, 2026 · 17:01 CTN · 0.07 Centurion Minerals Ltd.

Executive Summary

Centurion Minerals completed a helicopter-supported reconnaissance survey over its 3,548-hectare Limestone Gold Project in Suriname on May 29, 2026.
The survey identified extensive near-surface small-scale mining activity and diverse geological targets, including alluvial terrace systems east of the Kleine Saramacca River and potential bedrock gold sources in the Toeboeka Hills.
The project is located within the prolific Guiana Shield, proximal to Zijin Mining Group's major Rosebel and Saramacca gold mines.
Overburden depths of 8-10 meters were observed over gravel-rich horizons capped by secondary silica layers, which may preserve underlying auriferous gravels.
Digital elevation model data corroborates an extensive terrace system, suggesting alluvial deposits may mask primary bedrock sources.
Small-scale mining in drainages from the Toeboeka Hills indicates potential bedrock mineralization, supported by limited historic regional soil sampling.
The company plans to initiate follow-up field programs, including systematic panning, auger sampling, trenching, and shallow drilling, once seasonal water levels recede.
Dr. Dennis LaPoint, President, reviewed and approved the technical content per NI 43-101.

Material Impact

The June 8, 2026 reconnaissance update is a Routine - Positive development. It represents an expected, incremental step following the March 2026 option agreement to acquire the Limestone project and the May 2026 initiation of field work.
The findings validate the geological thesis of targeting alluvial terraces and bedrock sources near a major producer (Zijin), but do not constitute a discovery or material financial update.
The news aligns with management's stated exploration roadmap and does not introduce unexpected catalysts or alter the capital requirements previously disclosed.
Historical progression shows a clear sequence: March option acquisition -> May exploration initiation -> June reconnaissance survey. The company is methodically advancing the project, but the market has likely already priced in this exploration phase given the prior announcements and financing activities.
No new financial metrics, reserve estimates, or drilling results are provided, limiting the immediate stock price impact.

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Company Overview

Centurion Minerals Ltd. is a junior gold exploration company focused on precious mineral projects in the Americas.
Flagship Project: Limestone Gold Project, a 3,548-hectare concession in Suriname's Marowijne Greenstone Belt.
The project is strategically located less than 35 km west of Zijin Mining's producing Rosebel Gold Mine and 17 km west of the Saramacca Mine, providing logistical advantages and proximity to world-class infrastructure.
The company previously held an option on the Casa Berardi West Gold Project in Ontario but terminated it to reallocate resources to Suriname.
Management is led by CEO David Tafel and President Dr. Dennis LaPoint, a geologist with over 26 years of Suriname experience and involvement in the discovery of Newmont's Merian Mine.

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