Total
0
Shares
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
Raiden Resources (ASX:RDN) - Managing Director, Dusko Ljubojevic

" Raiden Resources (ASX:RDN) embarks on exploration in Eastern Europe

Raiden Resources (RDN) is continuing to progress its exploration strategy across the Western Tethyan portfolio of assets in Eastern Europe.
Dateline Resources (ASX:DTR) - Managing Director, Stephen Baghdadi

" Dateline Resources (ASX:DTR) completes Colosseum acquisition

Dateline Resources (DTR) has completed its acquisition of the Colosseum Gold Mine and associated permits from LAC Minerals.
The Market Herald Video

" Tesoro Resources (ASX:TSO) eyes $7.3m capital raise for El Zorro

Tesoro Resources (TSO) is looking to raise $7.3 million to advance work at its El Zorro gold project in Chile.

" Investigator Resources (ASX:IVR) intersects encouraging gold and silver around Paris

Investigator Resources (IVR) has intersected encouraging gold and silver mineralisation at the Ares, Paris East and Helen East targets in Western Australia.