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Celsius Resources confirms cobalt-copper mineralisation in Namibia

Mineralisation extends to surface and grades appear to increase with depth.
Celsius Resources confirms cobalt-copper mineralisation in Namibia
Celsius will commence diamond drilling in early May

Celsius Resources (ASX:CLA) has received highly encouraging initial cobalt and copper assay results from drilling at the Opuwo Cobalt Project in Namibia.

Sample assays from the first four drill holes confirm strong cobalt-copper mineralisation, including:

- 19 metres at 1,292 ppm cobalt, 0.62% copper and 0.71% zinc; and
- 7 metres at 1,716 ppm cobalt, 0.49% copper and 0.61% zinc.

The drill holes were spaced 400 metres west and 1,500 metres east of the two historical holes drilled in 2015, extending the drill-tested strike length of mineralisation to 1.9 kilometres.

It is important to note that the mineralisation extends to surface in many places and based on the assay data to date, grades appear to increase with depth.

The drilling is ongoing at the Opuwo Cobalt Project with a total of 20 shallow reverse circulation holes completed for 1,627 metres, with further assay results to be reported soon.

This initial phase of drilling is designed to test a 20-kilometre strike length of the cobalt-copper mineralised ‘dolomite ore formation’ (DOF) horizon.

Celsius will commence diamond drilling in early May, to provide samples for first pass metallurgical testing.

The metallurgical testing program, preliminary mining studies and resource definition drilling programs are planned to provide inputs into the scoping study, scheduled for completion before the end of 2017.



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