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Celsius Resources Ltd.
Summary
| Project: | Opuwo | |
|---|---|---|
| Deposit: | Opuwo | |
| Location: | Namibia | |
| Commodities: | Cobalt-Copper-Zinc | |
| Date: | 9/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-9-2018: Celsius Resources Ltd. announces an Exploration/Drilling Update report for its Opuwo deposit at the Opuwo project. Drilling results incl. 8m @ 0.18% Co, 0.51% Cu, 0.64% Zn from 79.00m. Celsius Resources Limited (“Celsius” or “the Company”) is pl | |
| 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. The latest results from the ongoing resource expansion drilling program continue to illustrate the consistent nature of the mineralisation at Opuwo, and the potential to expand the resource, with all results reported today located outside the existing Mineral Resource. Drilling is continuing on the Project, with an updated Mineral Resource planned to be reported in Q4, 2018. Resource expansion drilling over a zone of more than 3 km to the west of the current JORC compliant Mineral Resource, is nearing completion. The focus thereafter will shift to infill drilling of priority areas of the resource, with the aim of upgrading the JORC classification, and further metallurgical test work holes, both of which will support the next phase of project studies. In addition, the drilling schedule for Q4, 2018 includes testing of targets generated from the recently completed SkyTEM survey, with drill planning to be completed once the final targeting report from this survey is available. Celsius Managing Director, Brendan Borg commented: “Whilst we already have a very large JORC Mineral Resource at the Opuwo Cobalt Project, we have continued to expand the mineralised zone with new drilling this year. Expansion of the Mineral Resource will allow flexibility for mine planning purposes, as well as allowing us to contemplate higher rates of production from the Project in our ongoing studies. | |
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