Maalinao-Caigutan-Biyog (MCB Project)
The Maalinao-Caigutan-Biyog (MCB Project) is Celsius Resources’ world-class copper-gold project in the Philippines.
Located in the Cordillera Administrative Region, the MCB Project, which is held by CLA’s Philippine subsidiary, Makilala Mining Company, Inc., is the flagship project within the Makilala portfolio.
Historical exploration work includes surface mapping and sampling (2007), ground magnetic survey (2007), induced polarisation (IP) geophysical surveys (2010), and an extended period of diamond drilling from 2006 to 2013.
The current drilling program has been designed to improve the confidence of the existing Mineral Resource in addition to focusing on defining further higher-grade positions. Copper mineralisation starts at the surface and is now confirmed to depths over 600m below surface.
Assay results have all confirmed further extensions to the shallow high-grade mineralisation at MCB. Favourable results from the drilling campaign has enhanced confidence in the updated 2022 Mineral Resource.
To read the full MCB Project background, please click here.
Sagay Project (Nabiga-a Hill Prospect)
Is owned and operated by Celsius Resources’ Philippine subsidiary, Tambuli Mining Company, Inc. (“Tambuli”) and is located in the centre of the Philippines archipelago in the northern part of Negros Island. Historical drilling highlights a very large-scale porphyry copper mineralisation at depth, as defined by the numerous thick drill hole intersections.
Tambuli completed its technical due-diligence and evaluation resulting in the CLA Board deciding to pursue further exploration of its second asset in the Philippines.
To read the full Sagay Project background, please click here.
The Botilao Porphyry Copper-Gold Prospect is held by Makilala Mining Company, Inc., Celsius’ Resources’ Philippine subsidiary, which is located in the Cordillera
Administrative Region, approximately 320km north of Manila.
It is a prospect within the Makilala portfolio with a tenement area of 947.67 hectares, southwest of the MCB Project.
To read the full Botilao background, please click here