Centurion Minerals Signs Agreement for Menawan Gold Property in Indonesia

Vancouver-based Centurion Minerals Ltd. announced that it has executed an agreement with a private Indonesian company, PT Nanggroe Kuchi Puega, whereby Centurion will hold an 80% joint venture interest in the Menawan property in Aceh province, Indonesia. The property lies along the Miwah gold-mineralized lineament and contains at least two anomalous mineralized areas identified by previous operators referred to as the Menawan Prospect and the Semelit Prospect. Pursuant to earning an 80% interest in the project, Centurion will be responsible for legal and administrative costs related to the IUP permit and will also be responsible for 100% of the exploration costs to feasibility stage.