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Celsius Resources Ltd. (ASX:CLA) provided an update on recent developments at its 95-percent-owned Opuwo cobalt project in Namibia.
Celsius Resources Ltd. (ASX:CLA) provided an update on recent developments at its 95-percent-owned Opuwo cobalt project in Namibia.
Highlights are as follows:
- Significant down dip extension to mineralisation confirmed by assay results from DOFD0077: 4 m @ 0.13% Co and 0.40% Cu.
- Grades similar to those intersected near surface in RC drilling, illustrating both the consistency and the scale of the Opuwo Project.
- Mining study initiated, focused on potential underground methods, to be completed by team from Freiberg University of Mining and Technology, Germany.
- Downhole electromagnetic (EM) and ground based audio magnetotelluric (AMT) surveys to commence early in the new year aiming to detect more substantial concentrations of sulphides.
- Resource drilling assays to be reported throughout January and early February, followed by reporting of maiden Mineral Resource.
- Further drilling, sampling and mapping programs to commence in January.
Brendan Borg, managing director at Celsius, commented:
The confirmation of significant down-dip extension to the cobalt and copper mineralisation at Opuwo has clear implications for the scale of the Project. We are on track to report our maiden Mineral Resource in February, and look forward to reporting a large number of significant drilling results in the lead up to this event.
Click here to read the full Celsius Resources Ltd. (ASX:CLA) press release.