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Celsius Resources starts 15,000-meter resource drill program at Opuwo project

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Celsius Resources starts 15,000-meter resource drill program at Opuwo project

Celsius Resources Ltd. said Oct. 5 that it started a 15,000-meter resource drill program at its Opuwo cobalt project in Namibia, with two rigs operating and three more to arrive onsite and start operating next week.

Drilling will use three reverse circulation and two diamond rigs to target two key areas, with strike lengths of 5 kilometers and 4.2 kilometers identified by the wide-spaced drilling conducted by Celsius earlier this year.

The program aims to convert a significant proportion of the initial exploration target, consisting of between 33 million and 41 million tonnes grading 0.13% to 0.17% cobalt and 0.45% to 0.65% copper, into a mineral resource. Assay results are expected to be received from mid-November, and a maiden JORC-compliant mineral resource estimate for the project is targeted to be released in late January 2018.

Meanwhile, metallurgical test work continues to refine optimum parameters for recovery of cobalt and copper as the first-phase metallurgical and mineralogical test work program confirmed simple sulfide mineralogy at the project.