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Celsius Resources Ltd.
Summary
| Project: | Opuwo | |
|---|---|---|
| Deposit: | Opuwo | |
| Location: | Namibia | |
| Commodities: | Cobalt-Copper-Zinc-Manganese | |
| Date: | 11/6/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-11-2017: Celsius Resources Ltd. announces an Exploration/Drilling Update report for its Opuwo deposit at the Opuwo project. Drilling results incl. 9.3m @ 0.11% Co, 0.38% Cu from 107.35m. Celsius Resources Limited (“Celsius” or “the Company”) is pleased | |
| 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 activities at its 95% owned Opuwo Cobalt Project (“Project”) in Namibia. The approximately 15,000 metre drilling program is progressing well, with three Reverse Circulation (RC) rigs and two Diamond Core (DC) rigs operating (Figures 1, 2 and 3). 3,753 metres (25 holes) of the program have been completed. The initial resource drilling program is targeting two key areas, in aggregate over 6.5 km long, that have been identified in the wide spaced drilling conducted by Celsius earlier this year. Resource reporting is targeted for Q1, 2018. All holes completed have intersected the cobalt-copper mineralised Dolomite Ore Formation (DOF) based on visual inspection, with the first batch of samples submitted to the laboratory. Results are due in approximately 2-3 weeks. Several holes in the latest resource drilling have intersected what appears to be an additional mineralised dolomite ore formation (DOF) horizon, within the same hole, based on visual inspection. Assays are pending to confirm these findings, and would be considered a positive development for the Project. The current significant resource drilling program is progressing well, with maiden resource reporting on track for delivery in early 2018. Mineralisation has been intersected in all holes drilled to date, and we are looking forward to reporting the first assays in the coming weeks. The identification of additional zones of mineralisation at the Project is a positive development that we are currently evaluating” | |
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