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Celsius Resources Ltd.
Summary
| Project: | Opuwo | |
|---|---|---|
| Deposit: | Opuwo | |
| Location: | Namibia | |
| Commodities: | Cobalt-Copper-Zinc-Manganese | |
| Date: | 1/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-1-2018: Celsius Resources Ltd. announces an Exploration/Drilling Update report for its Opuwo deposit at the Opuwo project. Drilling results incl. 6m @ 0.15% Co, 0.51% Cu from 132m. Celsius Resources Limited (“Celsius” or “the Company”) is pleased to pr | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brendan Borg (Internal) | |
| ABSTRACT: | Celsius Resources Limited (“Celsius” or “the Company”) is pleased to provide an update on the latest resource drilling program assays from its 95% owned Opuwo Cobalt Project (“Project”) in Namibia. Four new batches of assays have now been received, with results demonstrating the highly consistent nature of the expansive mineralised zone at Opuwo. Significantly, deeper mineralisation has again been confirmed in DOFD0103, this time on the western side of the Project area (Figure 1). This hole intersected 3.96 m @ 0.13% Co and 0.45% Cu, from 450.50 m. Notably, this drill hole also intersected lead-zinc-silver mineralisation over 12.65 m (from 235.35 m), with a peak result of 1 m @ 1.56% Pb, 0.59% Zn and 13.5 g/t Ag. (236 m – 237 m). Lead-zinc mineralisation is known to occur elsewhere on the Project tenements, at the Otiziru and NOTZ Prospects. Celsius Managing Director, Brendan Borg commented: “The assay results from the resource drilling program at Opuwo continue to demonstrate the consistent nature of the mineralisation. Additionally, further evidence of significant depth extension to the mineralisation continues to demonstrate that this is a very large mineralised system.” The Opuwo Cobalt Project is located in northwestern Namibia, approximately 800 km by road from the capital, Windhoek, and approximately 750 km from the port at Walvis Bay (Figure 2). The Project has excellent infrastructure, with the regional capital of Opuwo approximately 30 km to the south, where services such as accommodation, fuel, supplies, and an airport and hospital are available. Good quality bitumen roads connect Opuwo to Windhoek and Walvis Bay | |
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