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Celsius Resources Ltd.
Summary
| Project: | Opuwo | |
|---|---|---|
| Deposit: | Opuwo | |
| Location: | Namibia | |
| Commodities: | Cobalt-Copper-Zinc | |
| Date: | 10/4/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-10-2018: Celsius Resources Ltd. announces an Exploration/Drilling Update report for its Opuwo deposit at the Opuwo project. Drilling results incl. 6m @ 0.21% Co, 0.76% Cu, 1.15% Zn from 41.00m. Celsius Resources Limited (“Celsius” or “the Company”) is p | |
| 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. A zone of higher grade cobalt mineralisation is apparent in the latest drilling results, and is located outside the existing JORC compliant Mineral Resource (Figure 1). These results include the highest grade single metre intersected at Opuwo to date (1 m @ 0.50% cobalt, 0.92% copper and 1.90% zinc, part of an intercept of 6 m @ 0.21% cobalt, 0.76% copper and 1.15% zinc, from a depth of 41 metres down hole). Resource expansion drilling in the west and central zones has now been completed, with an updated Mineral Resource planned to be reported in Q4, 2018, once final assays from this 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: “It is exciting to see these higher grade results in the most recent assays from the resource expansion drilling program. The potential for a shallow, higher grade cobalt zone will be further assessed as we progress ongoing Project studies. With resource expansion drilling now completed, drilling activities will move to infill drilling priority areas of the existing Mineral Resource and further metallurgical test work holes.” | |
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