Announcement Date: 2022-07-04
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Celsius Resources Ltd.
Project name: Maalinao-Caigutan-Biyog
Location: Philippines
Commodities: Gold,Copper
Highlight: Drilling results incl. 611.4m @ 1.39% Cu, 0.75g/t Au from 32.5m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Celsius Resources Limited (“Celsius” or “the Company”) is pleased to announce it has received outstanding large scale and high-grade assay results from the ongoing drilling program at its flagship MCB copper-gold project, held under its Philippine subsidiary Makilala Mining Company, Inc. (“MMCI”). The results are in line with other recent drilling results from holes MCB-036 and MCB-037 (see CLA announcements dated 13 December 2021 and 23 May 2022, respectively) confirming the presence of an extensive shallow higher-grade position. MCB-038 continued on further to confirm and expand the position of two additional higher-grade zones which have a horizontal orientation within a larger and broader lower grade envelop. The results from MCB-038 were designed to improve the confidence level of the existing Mineral Resource in addition to focusing on defining further higher-grade positions for the purpose of enhancing the feasibility study.
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