Should this not be resource upgrade - leading into hopeful inclusion into SS update ?
have no idea about the board - but new player wanting a seat sounds ok - /
“ SIGNIFICANT EXTENSION TO MINERALISATION AT OPUWO PROJECTHIGHLIGHTS• Significant extension to mineralisation at newly confirmed “DOF Northwest Anticline” Target.• DOF Northwest Anticline appears to exhibit positive characteristics in terms of thickness and geometry of the mineralisation.• Resource modelling in progress, with further results from this new discovery area to potentially be included in the updated Mineral Resource, released prior to the updated Scoping Study, scheduled for March 2019.• Further drilling at the “DOF Northwest Anticline” Target to be prioritised.• Highlights from final resource infill and extension drilling holes received in 2018:
o 6.3 m @ 0.19% Co and 0.35% Cu including 4.03 m @ 0.24% Co and 0.37% Cuo 7.21 m @ 0.12% Co, 0.41% Cu and 0.63% Zn (“DOF Northwest Anticline” Target) o 5.52 m @ 0.15% Co, 0.47% Cu and 0.64% Zn (“DOF Northwest Anticline” Target) o
[email protected]%Co,0.29%Cuand0.26%Zn
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.”
(20min delay)
