Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Celsius Resources has provided an update on exploration at its Opuwo Cobalt Project
  • Geological mapping and systematic rock chip sampling have been completed and sent for analysis
  • Environmental Impact Assesment for the Pre Feasibility Study has commenced with specialist studies and public meetings
  • On market close, Celsius remains steady and trading at 1.3¢ apiece

Celsius Resources has provided an update on exploration at its Opuwo Cobalt Project.

Geological mapping and systematic rock chip sampling have been completed at the Chriumbu Gold-Copper Prospect. A total of 130 samples was collected and has been sent for analysis.

Previously samples have shown carbonate-quartz veins and the new mapping has identified areas of intense veining, up to several veins per meter in some places.

The Opuwo Project is located in northwestern Namibia, approximately 800 kilometres from the capital, Windhoek. The project is close to a regional town Opuwo, where services such as accommodation, fuel, supplies, and an airport and hospital are available.

In April 2018, a maiden JORC Compliant Indicated and Inferred Mineral Resource showed 112.4 million tonnes, grading 0.11 per cent cobalt, 0.41 per cent copper and 0.43 per cent zinc, at a cut-off grade of 0.06 per cent cobalt.

Celsius has also been focusing on locating potential feeder zones for Opuwo. It aims to identify higher-grade zones, which would enhance the viability of the project.

Previously the company completed a SkyTEM aerial survey, along with downhole EM on certain deeper drill holes within the project.

The company has chosen HiSeis to discover the potential for hard rock seismic to assist in exploration for the feeder zone.

The first step is to complete a series of measurements on existing drill core. This initial phase will cost the company approximately $24,000 (US$16,000).

Environmental Impact Assesment for the Pre Feasibility Study has commenced with specialist studies and public meetings.

On market close, Celsius remains steady and trading at 1.3¢ a share.

CLA by the numbers
More From The Market Herald
MetalsGrove Mining (ASX:MGA) - Managing Director, Sean Sivasamy

" MetalsGrove Mining (ASX:MGA) begins soil sampling at Upper Coondina

MetalsGrove Mining (ASX:MGA) has begun a soil sampling program at its Upper Coondina lithium project in…
Bryah Resources (BYH) - CEO, Ashley Jones

" Bryah Resources (ASX:BYH) raises $1.4m via placement

Bryah Resources (ASX:BYH) has received firm commitments from sophisticated and professional investors to raise $1.43 million…
The Market Herald Video

" Meeka Metals (ASX:MEK) banks fresh capital on sale of Gecko North

Meeka Metals (ASX:MEK) completes the sale of its Gecko North project in Western Australia to LithGold…
Godolphin Resources (ASX:GRL) - Managing Director, Jeneta Owens

" Godolphin Resources (ASX:GRL) receives final assays from Cyclops

Godolphin Resources (ASX:GRL) has received the final assays from the two-hole drilling and soil sampling program…