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Celsius Resources Ltd.
Summary
| Project: | Opuwo | |
|---|---|---|
| Deposit: | Opuwo | |
| Location: | Namibia | |
| Commodities: | Cobalt-Copper-Zinc-Manganese | |
| Date: | 12/29/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-12-2017: Celsius Resources Ltd. announces an Exploration/Drilling Update report for its Opuwo deposit at the Opuwo project. Drilling results incl. 4m @ 0.13% Co, 0.40% Cu from 480m. Celsius Resources Limited (“Celsius” or “the Company”) is pleased to p | |
| 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 developments, and forward work program, at its 95% owned Opuwo Cobalt Project (“Project”) in Namibia. In order to test the potential upside to the depth of the resource, a single diamond drillhole (DOFD0077) was drilled approximately 300 metres north of the resource drilling area (Figure 1). This hole has intersected 4 m @ 0.13% Co and 0.40% Cu, from 480 m to 484 m down hole, consistent with other near surface results in the area (refer ASX Announcement 12 December 2017). The sulphides present are noted to be considerably coarser than elsewhere in the deposit. The mineralisation at this location is interpreted to result from remobilisation of the metals of interest (Co, Cu and Zn) into the more intense sulphide bands observed in the core. Several other deep holes have also intersected mineralisation and have assays pending. Celsius Managing Director, Brendan Borg commented: “The confirmation of significant down-dip extension to the cobalt and copper mineralisation at Opuwo has clear implications for the scale of the Project. We are on track to report our maiden Mineral Resource in February, and look forward to reporting a large number of significant drilling results in the lead up to this event. | |
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