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Celsius Resources Ltd.
Summary
| Project: | Opuwo | |
|---|---|---|
| Deposit: | Opuwo | |
| Location: | Namibia | |
| Commodities: | Cobalt-Copper-Zinc | |
| Date: | 3/18/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-3-2019: Celsius Resources Ltd. announces an Exploration/Drilling Update report for its Opuwo deposit at the Opuwo project. Drilling results incl. 16.00m @ 0.16% Co, 0.54% Cu from 1182m. Celsius Resources Limited (“Celsius” or “the Company”) is pleased | |
| Resources: | (Resource, Inf.): 112.4Mt @ 0.11% Co, 0.41% Cu, 0.43% Zn at project | |
| CP/QP: | [Overall Report]: Brendan Borg (Internal) | |
| ABSTRACT: | Celsius Resources Limited (“Celsius” or “the Company”) is pleased to provide an update on the completed resource expansion drilling at its 95% owned Opuwo Cobalt Project (“Project”) in Namibia. A potentially highly significant extension to the existing Mineral Resource and Exploration Target zones, called the “DOF Northwest Anticline” Target, has been confirmed with the latest results from drilling at the Project (Figure 1). This new zone is characterised by a thicker than average mineralised horizon which has a significantly flatter dip(Fig. 2) than elsewhere within the Mineral Resource, allowing the Company to consider alternative mining techniques as part of the ongoing Project studies. Further drilling is being considered for this area. Celsius Project Director, Pine van Wyk commented: “We are excited about the drill results from the new DOF Northwest Anticline Target at Opuwo. All key parameters like grade, thickness and geometry are positive. This not only demonstrates significant resource potential outside the substantial existing Mineral Resource but gives us a basis to explore options for a larger scale mining operation, a more efficient mine plan and extraction schedule.” | |
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