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Celsius Resources Ltd.
Summary
| Project: | Opuwo | |
|---|---|---|
| Deposit: | Opuwo | |
| Location: | Namibia | |
| Commodities: | Cobalt-Copper-Zinc-Manganese | |
| Date: | 2/1/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-2-2018: Celsius Resources Ltd. announces an Exploration/Drilling Update report for its Opuwo deposit at the Opuwo project. Drilling results incl. 17m @ 0.14% Co, 0.42% Cu, 0.53% Zn from 11m. Celsius Resources Limited (“Celsius” or “the Company”) is plea | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brendan Borg (Internal) | |
| ABSTRACT: | Celsius Resources Limited (“Celsius” or “the Company”) is pleased to provide an update on exploration results at its 95% owned Opuwo Cobalt Project (“Project”) in Namibia. The latest results include significant thicker intercepts that are close to surface, including 17 m @ 0.14% Co and 0.42% Cu, (from 11 metres down hole DOFR0145), and 10 m @ 0.12% Co and 0.59% Cu (from 17 metres down hole DOFR0149). Notably, DOFR0149 also included a second DOF intercept, 4 m @ 0.13% Co and 0.55% Cu, from 32 metres down hole. All drillholes are angled at 55 degrees, designed to be approximately perpendicular to the mineralisation at Opuwo. Celsius Managing Director, Brendan Borg commented: “The latest batches of assays from Opuwo contain some of the best results seen to date at the Project, which is highly encouraging as we close in on reporting our maiden resource.” The remaining assays from the resource drilling program are expected in the next two weeks, to be followed by completion of interpretation, geological modelling, resource estimation, and reporting of a maiden JORC Mineral Resource. Drilling recommencement As previously advised, a diamond drill rig has remained on site at Opuwo, and has commenced drilling to the west of the resource definition drilling that was completed in late 2017. Three diamond drillholes have so far been completed in this area, all intersecting Dolomite Ore Formation (DOF) mineralisation. | |
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