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Celsius Resources Ltd.
Summary
| Project: | Opuwo | |
|---|---|---|
| Deposit: | Opuwo | |
| Location: | Namibia | |
| Commodities: | Cobalt-Copper-Zinc-Manganese | |
| Date: | 2/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-2-2018: Celsius Resources Ltd. announces an Exploration/Drilling Update report for its Opuwo deposit at the Opuwo project. Drilling results incl. 10m @ 0.13% Co, 0.45% Cu from 108m . Celsius Resources Limited (“Celsius” or “the Company”) is pleased to | |
| 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 numerous thicker than average intercepts, including 10 m @ 0.13% Co and 0.45% Cu, and 7.49 m @ 0.14% Co and 0.79% Cu, including a higher copper interval of 5 m @ 0.15% Co and 1.01% Cu. Notably, DOFR0103 has provided further evidence of cobalt-copper mineralisation from surface/near surface to significant depth, with an intercept of 3.96 m @ 0.13% Co and 0.45% Cu, from 450.50 m down hole, or approximately 370 m below ground surface. Mineralisation remains open down dip The remaining assays from the resource drilling program are expected next week, to be followed by completion of interpretation, geological modelling, resource estimation, and reporting of a maiden JORC Mineral Resource in March. The resource model will then be utilised for mine planning studies for inclusion in the Project Scoping Study, scheduled for delivery in May. As previously advised, a diamond drill rig has remained on site at Opuwo, and commenced drilling to the west of the resource definition drilling that was completed in late 2017. Nine diamond drillholes have been completed in this area, all intersecting Dolomite Ore Formation (DOF) mineralisation. The drill rig has now moved to the central area, to complete infill drilling on a 200 x 100 metre grid. It is expected that data from both of these areas will be incorporated into a future upgrade to the Mineral Resource to be reported in March. | |
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