Celamin Holdings NL (ASX:CNL) Announces Rock Chip Sampling Results from the Chaketma Exploration Permit

Melbourne, Nov 7, 2011 AEST (ABN Newswire) - Celamin Holdings NL (ASX:CNL) says today that Celamin Ltd has commenced a program of drilling and trenching in the Chaketma Exploration Permit in Northern Tunisia held and funded jointly (50%:50%) with Tunisian Mining Services SARL (TMS).

This program commenced with a program of geological reconnaissance mapping and channel rock chip sampling to validate the historic information that was used in the original permit identification and to guide the reconnaissance drilling and trenching planned as the first stage of evaluation of the potential.

Mapping has confirmed the presence of extensive potential for phosphate mineralisation and continuous rock chip channel sampling of available outcrops of phosphate has provided an indication of the grade of these outcrops.

The attached map (see link at the bottom of the release) shows the location of the samples, and the composite thickness and grade (sample thickness weighted) of the intercepts. These thicknesses represent the thickness of the outcrops as available and do not represent true thickness of the stratigraphy. Continuous channel sampling was done using a saw to cut a similar sized channel in the face for each sample. This material was removed as a continuous channel sample. Samples were taken so that they did not overlap. Analyses as %P2O5 were undertaken in country at a reputable facility, check analyses are being undertaken by an external commercial laboratory. The check results will be reported as they come to hand.

Celamin and TMS have planned a 12 hole (1,000m) diamond core drilling program and a 600m trenching program that is currently underway. The drilling is focused on the Gasaa El Kebira part of the EP initially. This prospect covers more than 2.0 km2.

Samples from drilling and trenching will be prepared and analysed using the same methodology as was used during the Bir El Afou drilling and trenching program.

The initial sample grade and thickness results are promising, but the observed geology of the phosphate mineralisation at Chaketma is different to that at Bir El Afou and further work is planned to test potential to process this material to a saleable product. This work will be undertaken on completion of the current drilling program that is underway.

For the complete Celamin Holdings announcement including results table, please refer to the following link:
http://media.abnnewswire.net/media/en/docs/ASX-CNL-364297.pdf

Contact

Kevin Nichol Chairman Celamin Holdings NL Email: kevin@celaminnl.com.au