09:08 AM EDT, 04/12/2024 (MT Newswires) -- Centenario Gold Corp. (CTG.V), at 52 week lows, on Friday outlined the details of the second phase of its exploration program at the Eden property near Prime Mining Corp.'s ( PRMNF ) Los Reyes project in Mexico.

Centenario said its geological team is analyzing the recent drill data and reinterpreting the geological information it obtained on the Eden project over the past two years. The company outlined outlined several new targets to drill-test across the property, including the northern structurally-controlled extension, and the upper and deeper portions of the Buenavista epithermal system that are yet to be tested.

In 2021, Centenario, through subsidiary Durango Gold Corp S.A de C.V., signed a four-year option agreement to acquire Eden.

Centenario reported amendments to the agreement. It said the US$100,000 payment that was due on March 24 was reduced to US$50,000. The remaining balance of US$50,000 is now due on Dec. 23, 2024.

For the extension, the company agreed to pay an additional US$10,000 on Dec. 23, 2024.