CELSIUS RESOURCES LIMITED On January 19, 2017, the Company announced it had acquired the option to earn an interest in the highly prospective Opuwo Cobalt Project in Namibia via staged exploration expenditure.
Drilling commenced at the Project in March, aimed at testing the mineralisation identified in surface sampling and limited drilling, across a strike length of approximately 20 km. Wide spaced drilling has been completed across approximately 11 km of strike, with the mineralised horizon intersected in each drill 'fence' to date (Figures 1 to 3).
As reported during April (post Quarter end), significant intercepts from each hole, using a cutoff grade of 500 ppm cobalt, were:
- 19 m @ 1,292 ppm cobalt, 0.62% copper and 0.71% zinc, from 87 m (DOFR04)
- 7 m @ 1,716 ppm cobalt, 0.49% copper and 0.61% zinc, from 66 m (DOFR06)
- 7 m @ 1,559 ppm cobalt, 0.64% copper and 0.61% zinc, from 88 m (DOFR08)
- 7 m @ 1,299 ppm cobalt, 0.53% copper and 0.62% zinc, from 54 m (DOFR10)
- 5 m @ 1,498 ppm cobalt, 0.44% copper and 0.48% zinc, from 57 m (DOFR11)
- 6 m @ 1,213 ppm cobalt, 0.55% copper and 0.39% zinc, from 46 m (DOFR03)
- 5 m @ 1,414 ppm cobalt, 0.53% copper and 0.45% zinc, from 76 m (DOFR09)
- 4 m @ 1,475 ppm cobalt, 0.80% copper and 0.62% zinc, from 41 m (DOFR07)
- 4 m @ 1,290 ppm cobalt, 0.57% copper and 0.45% zinc, from 44 m (DOFR05) Within these zones, higher grade intersections were encountered, most notably:
- 7 m @ 1,321 ppm cobalt, 1.11% copper and 1.10% zinc, from 87 m (DOFR04)
- 2 m @ 3,075 ppm cobalt, 0.41% copper and 1.13% zinc, from 69 m (DOFR06)
The Company is highly encouraged by these initial results, with average grades and thicknesses improving upon the two discovery holes drilled in 2015, and is optimistic that a significant tonnage of cobalt, copper and zinc can be defined at Opuwo.
This initial phase of drilling is designed to test a 20 km (of a total 30 km) strike length of the cobalt-copper mineralised DOF horizon. Wide spaced drilling has been completed across approximately 11 km of strike, with the mineralised horizon intersected in each drill 'fence' to date (Figures 1 and 3). Geophysical data is being used to assist with drill targeting in areas of poor outcrop.
Drilling is ongoing, with a total of twenty shallow RC holes completed for 1,627 metres, with the focus moving to the western portion of the project where higher grade cobalt mineralisation (up to 4,300 ppm, or 0.43%) has been identified in surface sampling and trenching. Further results will be reported as they come to hand.
Diamond drilling will commence in May, providing samples for first pass metallurgical testing. The planned metallurgical studies, along with preliminary mining studies and resource definition drilling, are expected to contribute to a Scoping Study for the Project, planned for completion before the end of 2017.
Figure 1: Drilling Assay Results extending mineralised strike to 6 km
Figure 2: Drilling extending mineralised strike to over 11 km
Figure 3: Strike length of mapped and interpreted DOF at the Project
Hole ID | Easting (UTM Zone 33S) | Northing (UTM Zone 33S) | Dip | Azimuth (mag) | Final Depth (m) | Intercept From (m) | Intercept To (m) | Interval (m) | Cobalt (ppm) | Copper (%) | Zinc (%) | Manganese (%) |
DOFR03 | 365148 | 8026718 | -55 | 180 | 58 | 46 | 52 | 6 | 1,213 | 0.55 | 0.39 | 1.43 |
DOFR04 | 365148 | 8026720 | -90 | 180 | 112 | 87 | 106 | 19 | 1,292 | 0.62 | 0.71 | 1.75 |
including | 87 | 94 | 7 | 1,321 | 1.11 | 1.10 | 1.53 | |||||
DOFR05 | 366981 | 8026370 | -55 | 180 | 55 | 44 | 48 | 4 | 1,290 | 0.57 | 0.45 | 1.69 |
DOFR06 | 366981 | 8026373 | -90 | 180 | 86 | 66 | 73 | 7 | 1,716 | 0.49 | 0.61 | 1.92 |
including | 69 | 71 | 2 | 3,075 | 0.41 | 1.13 | 3.17 | |||||
DOFR07 | 367745 | 8026254 | -55 | 180 | 50 | 41 | 45 | 4 | 1,475 | 0.80 | 0.62 | 1.91 |
DOFR08 | 367742 | 8026266 | -90 | 180 | 99 | 88 | 95 | 7 | 1,559 | 0.64 | 0.61 | 1.69 |
DOFR09 | 366049 | 8026549 | -55 | 180 | 87 | 76 | 81 | 5 | 1,414 | 0.53 | 0.45 | 1.59 |
DOFR10 | 366060 | 8026497 | -90 | 180 | 66 | 54 | 61 | 7 | 1,299 | 0.53 | 0.62 | 1.57 |
DOFR11 | 370176 | 8026304 | -55 | 180 | 70 | 57 | 62 | 5 | 1,498 | 0.44 | 0.48 | 1.58 |
DOFR12 | 370176 | 8026305 | -90 | 180 | 90 | Results Pending | ||||||
DOFR13 | 372034 | 8026137 | -55 | 180 | 50 | Results Pending | ||||||
DOFR14 | 372034 | 8026138 | -85 | 180 | 70 | Results Pending | ||||||
DOFR15 | 374531 | 8025781 | -55 | 200 | 130 | Results Pending | ||||||
DOFR16 | 374421 | 8025771 | -55 | 200 | 70 | Results Pending | ||||||
DOFR17 | 374422 | 8025788 | -90 | 200 | 70 | Results Pending | ||||||
DOFR18 | 368497 | 8026351 | -55 | 180 | 117 | Results Pending | ||||||
DOFR19 | 368526 | 8026224 | -55 | 180 | 99 | Results Pending | ||||||
DOFR20 | 368497 | 8026469 | -55 | 180 | 80 | Results Pending | ||||||
DOFR21 | 364230 | 8026530 | -55 | 180 | 87 | Results Pending | ||||||
DOFR22 | 364230 | 8026530 | -80 | 180 | 81 | Results Pending | ||||||
Note: Significant intersections reported using a cutoff grade of 500 ppm (0.05%) cobalt
Table 1: CLA Drilling at the Opuwo Cobalt Project
Celsius Resources Ltd. published this content on 30 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 April 2017 22:35:13 UTC.
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