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Celsius Resources Ltd.
Summary
| Project: | Opuwo | |
|---|---|---|
| Deposit: | Opuwo | |
| Location: | Namibia | |
| Commodities: | Cobalt-Copper-Zinc | |
| Date: | 1/7/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-1-2019: Celsius Resources Ltd. announces an Exploration/Drilling Update report for its Opuwo deposit at the Opuwo project. Drilling results incl. 7.21m @ 0.12% Co, 0.41% Cu, 0.63% Zn from 629.00m. Celsius Resources Limited (“Celsius” or “the Company”) i | |
| Resources: | (Resource, Inf.): 112.4Mt @ 0.11% Co, 0.41% Cu, 0.43% Zn at project | |
| CP/QP: | [Overall Report]: Brendan Borg (Internal) | |
| ABSTRACT: | Celsius Resources Limited (“Celsius” or “the Company”) is pleased to provide an update on ongoing resource development drilling at its 95% owned Opuwo Cobalt Project (“Project”) in Namibia. A potentially highly significant extension to the existing Mineral Resource and Exploration Target zones, dubbed the “DOF Northwest Anticline” Target, has been confirmed with the latest resource development drilling at the Project (Figure 1). This new zone is characterised by thicker than average and significantly flatter dipping DOF style mineralisation than occurs elsewhere within the Mineral Resource, allowing the Company to consider alternative mining techniques as part of the ongoing Project studies. Assay results are pending from hole DOFD0269, located approximately 1.5 km from the outcropping DOF (Figure 1), where geological logging has identified a mineralised intercept of greater than 10 metres. Further drilling in planned for this zone as a priority when site operations recommence this week. Celsius Managing Director, Brendan Borg commented: “Initial results from the new DOF Northwest Anticline zone at Opuwo continue to demonstrate significant resource potential outside the large existing Mineral Resource. Additionally, the Company is excited by the potential for this area to allow consideration of alternative mining techniques and mine plans for extraction of the mineralisation.” | |
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