Centenario Gold Initiates the First Drill Program on the Eden Undertaking

VANCOUVER, BC / ACCESSWIRE / November 16, 2023 / Centenario Gold Corp. (TSXV:CTG) (“Centenario” or the “Firm”) is happy to announce the mobilisation of the drill crew to its Eden challenge close to Cosala, Sinaloa State, Mexico. This primary section drill program will probably be testing the strike and down-dip extensions of Eden’s Buenavista vein-breccia mineralized hall E-NE and S-SW of the outdated mining workings space. (see Determine 1 & Determine 2)

This maiden drill program will include 10 to 12 HQ core holes totaling roughly 1,500 metres. (see Determine 2) This portion of the Buenavista vein-breccia construction was sampled at floor and underground over the past sampling program and returned plenty of high-grade gold and silver intervals with assays as excessive as 239.9 g/t Au and 1390 g/t Ag. A lot of the underground channel rock samples taken in stage 1 (collected each 10 meters alongside the complete ~100-metre-long adit) and ranges 2 and three have returned excessive grade Au and Ag outcomes. (see Determine 2)

Drill pads are situated alongside a N-NE trending line on the east, southeast facet of the Buenavista underground mine workings. The holes are designed to check the down dip extension of the vein-breccia buildings alongside a 400-meter-long portion of the Buenavista hall. Drill pads and entry to the drill pads are all accomplished. The Mexican mining authorities have accepted the drilling allow and area people permits and agreements are in good standing.

This preliminary section of drilling is anticipated to final roughly 30 days with crews staying within the small city of Tasajeras, situated roughly 30 km from the challenge space. All logging and sampling will probably be carried out on the firm’s base camp in Tasajeras. Samples will probably be despatched to the ALS-Chemex Lab in Hermosillo, Sonora. Mexico.

About Centenario Gold Corp and the El Eden Gold-Silver Undertaking:

Centenario Gold Corp. is a pure useful resource exploration firm that was shaped to deal with exploring and producing top quality mineral prospects in Mexico. Throughout 2020, the exploration group of Centenario visited and evaluated greater than 12 mineral prospects earlier than discovering the Eden gold silver property situated in Durango state of Mexico. On March 24^th, 2021, after finishing the preliminary analysis work and due diligence evaluation, Durango Gold Corp S.A de C.V., the 100%-owned Mexican subsidiary of Centenario Gold Corp., signed a 4-year possibility settlement to accumulate 100% of the mineral rights to the Eden Au-Ag property topic to a 1% NSR. The Eden challenge consists of three adjoining mineral concessions totalling 5,689 hectares in dimension internet hosting a sequence of high-grade N to NE trending, epithermal Au-Ag vein buildings. (see Determine 3) The Eden Property’s northern border is adjoining to Americas Gold & Silver’s Nuestra Señora producing mine whereas the Eden Property’s southern border is adjoining to Prime Mining’s Los Reyes property’s northern border.

Prime Mining has outlined a brand new useful resource on the Los Reyes property of, indicated 1.47 M AuEq and Inferred 0.73m AuEq. (Prime Mining Corp. NI 43-101 dated June 12, 2023) AuEq grade (gpt) = Gold grade (gpt) + Silver grade (gpt) x ($22 / $1700).

Certified Particular person

Derrick Strikland, P. Geo (1000315) is the Certified Particular person as outlined by Nationwide Instrument 43-101 and has reviewed and accepted the technical disclosure contained on this launch.

Reader Warning: The certified particular person has not verified the data on the adjoining properties nor mineralization discovered on adjoining and/or geologically comparable properties which isn’t essentially indicative of mineralization discovered on the Property.

Additional data on the Centenario Gold or their Properties could be discovered on our web site at www.centenariogold.com together with the NI43-101 compliant Technical Report filed on SEDAR.

On behalf of the Board of Administrators,

Doug Fulcher

President, Director

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Sure data included on this press launch, together with data referring to future monetary or working efficiency and different statements that specific the expectations of administration or estimates of future efficiency represent “forward-looking statements”. Such forward-looking statements embody, with out limitation, statements concerning copper, gold and silver forecasts, the monetary energy of the Firm, estimates concerning timing of future growth and manufacturing and statements regarding attainable enlargement alternatives for the Firm. The place the Firm expresses or implies an expectation or perception as to future occasions or outcomes, such expectation or perception are primarily based on assumptions made in good religion and believed to have an inexpensive foundation. Such assumptions might embody, with out limitation, the value of and anticipated prices of restoration of, copper focus, gold and silver, the presence of and continuity of such minerals at modeled grades and values, the capacities of varied equipment and tools, the provision of personnel, equipment and tools at estimated costs, mineral restoration charges, and others. Nonetheless, forward-looking statements are topic to dangers, uncertainties and different elements, which may trigger precise outcomes to vary materially from future outcomes expressed, projected or implied by such forward-looking statements. Such dangers embody, however are usually not restricted to, interpretation and implications of drilling and geophysical outcomes; estimates concerning timing of future capital expenditures and prices in direction of worthwhile business operations. Different elements that might trigger precise outcomes, developments or occasions to vary materially from these anticipated embody, amongst others, will increase/decreases in manufacturing; volatility in metals costs and demand; foreign money fluctuations; money working margins; money working price per pound bought; prices per ton of ore; variances in ore grade or restoration charges from these assumed in mining plans; reserves and/or sources; the power to efficiently combine acquired belongings; operational dangers inherent in mining or growth actions and legislative elements referring to costs, taxes, royalties, land use, title and permits, importing and exporting of minerals and environmental safety. Accordingly, undue reliance shouldn’t be positioned on forward-looking statements and the forward-looking statements contained on this press launch are expressly certified of their entirety by this cautionary assertion. The forward-looking statements contained herein are made as on the date hereof and the Firm doesn’t undertake any obligation to replace publicly or revise any such forward-looking statements or any forward-looking statements contained in every other paperwork whether or not because of new data, future occasions or in any other case, besides as required below relevant safety legislation.