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Celsius Resources Ltd.
Summary
| Project: | Opuwo | |
|---|---|---|
| Deposit: | Opuwo | |
| Location: | Namibia | |
| Commodities: | Cobalt-Copper-Zinc | |
| Date: | 7/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-7-2017: Celsius Resources Ltd. announces an Exploration/Drilling Update report for its Opuwo deposit at the Opuwo project. Drilling results incl. 5m @ 0.18ppm Co, 0.55% Cu, 0.69% Zn, 2.06% Mg from 84m. Celsius Resources Limited (“Celsius” or “the Compan | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brendan Borg (Internal) | |
| ABSTRACT: | Celsius Resources Limited (“Celsius” or “the Company”) is pleased to announce rapid progress following the commencement of its evaluation of the Opuwo Cobalt Project (“Project”) in Namibia. Based on the extensive mineralisation identified at the Project, the Company has elected to appoint experienced consultants required to advance studies in the key areas of metallurgy and mining engineering. Perth based Orway Mineral Consultants (“OMC”) will design and supervise the metallurgical test work program, with test work to be conducted in Perth by SGS Australia. The work will be supervised by Mr. Grenvil Dunn of Hydromet Pty Ltd, who has particular relevant experience in African cobalt and copper ores. Auralia Mining Consulting (Auralia) have been appointed to evaluate the mining methods and costs associated with possible development of the Project. The Company’s joint venture partner, Gecko Namibia, will provide local costing data to optimise these studies. Auralia is a boutique mining consultancy whose principals have extensive experience in sub-Saharan Africa, including work on projects in Zambia and South Africa. They have also completed recent studies into Australian cobalt projects. This initial phase of drilling is designed to test a 20 km (of a total 30 km) strike length of the cobalt-copper mineralised DOF horizon. Wide spaced drilling has confirmed the mineralised horizon based on assays received from drilling over approximately 15 km of strike (Figure 1). Drilling is continuing, stepping out to the east and west of the area defined to date, and also infilling some of the higher grade areas, which are currently covered by very wide spaced holes (approximately 1 to 2 km), to determine the extent of these zones. Completion of the initial Reverse Circulation (RC) drilling program is expected in mid-July | |
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