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Celsius Resources Ltd.
Summary
| Project: | Opuwo | |
|---|---|---|
| Deposit: | Opuwo | |
| Location: | Namibia | |
| Commodities: | Cobalt-Copper-Zinc | |
| Date: | 6/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-6-2018: Celsius Resources Ltd. announces an Exploration/Drilling Update report for its Opuwo deposit at the Opuwo project. Drilling results incl. 5.33m @ 0.14% Co, 0.49% Cu from 184.00m. Celsius Resources Limited (“Celsius” or “the Company”) is pleased | |
| 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 further 45 diamond drillholes have been completed at the Opuwo Cobalt Project during 2018, aimed primarily at expanding the existing Indicated and Inferred Mineral Resource* to the west, and expanding and better defining the mineralisation in the central portion of the resource area (Figure 1). A further aim of the drilling conducted to date in 2018 has been to collect further samples for metallurgical testwork, focused on the minor ore types (transitional and oxide) comprising approximately 5% of the Mineral Resource. A drill rig has now mobilised to the DOF North copper-cobalt target, located some 10 km north of the DOF resource area, to complete a series of reconnaissance holes. First assays expected from this target in approximately 5-6 weeks. Celsius Managing Director, Brendan Borg commented: “Whilst we have recently reported our maiden JORC Mineral Resource for the Opuwo Cobalt Project, we have continued to expand the mineralised zone with new drilling this year. We expect that this new drilling will provide data for a future upgrade to the Mineral Resource. We are looking forward to the commencement of the airborne EM survey, which will assist in understanding the potential still to be uncovered at the Opuwo Project.” | |
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