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Celsius Resources Ltd.
Summary
| Project: | Opuwo | |
|---|---|---|
| Deposit: | Opuwo | |
| Location: | Namibia | |
| Commodities: | Cobalt-Copper-Zinc | |
| Date: | 10/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-10-2018: Celsius Resources Ltd. announces an Exploration/Drilling Update report for its Opuwo deposit at the Opuwo project. Drilling results incl. 13m @ 0.14% Co, 0.67% Cu, 0.75% Zn from 59.00m. Celsius Resources Limited (“Celsius” or “the Company”) is | |
| Resources: | (Resource, I+I): 112.4Mt @ 0.11% Co, 0.41% Cu, 0.43% Zn | |
| CP/QP: | [Overall Report]: Brendan Borg (Internal) | |
| ABSTRACT: | Celsius Resources Limited (“Celsius” or “the Company”) is pleased to provide an update on ongoing exploration activities at its 95% owned Opuwo Cobalt Project (“Project”) in Namibia. Further assays from the West Zone, located outside the existing JORC compliant Mineral Resource, continue to report strong results, pointing to the significant potential to expand the existing Mineral Resource at the Project (Figure 1). An updated Mineral Resource, incorporating these results, is planned to be reported in Q4, 2018, once final assays from the current drilling have been received. Resource modelling and estimation will be undertaken by the Company’s external consultants, DMT Kai Batla. Celsius Managing Director, Brendan Borg commented: “Results from the west zone at Opuwo highlight the continued discovery of significant additional mineralisation outside the large existing Mineral Resource. Our consultants are awaiting final data to allow updating of the resource model, with the release of an updated Mineral Resource scheduled for later in Q4, 2018, which will support future studies at Opuwo. | |
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