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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.

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.

A Maiden Indicated and Inferred Mineral Resource has been declared for the Sagay Copper-Gold Project which comprises:

  • 302 million tonnes of 0.41% copper, and 0.11g/t gold, at a lower cut-off grade of 0.2% copper.

  • 1.2 million tonnes of contained copper and 1 million ounces of contained gold
Screen Shot 2022-11-07 at 4.47.46 pm

Results from historical drilling conducted by Freeport-McMoRan include:

  • 77.22m @ 0.69% copper & 0.19 g/t gold, within 521.37m @ 0.47% copper & 0.13g/t gold,
  • 113.96m @ 0.68% copper & 0.20 g/t gold, within 461.38m @ 0.49% copper & 0.14 g/t gold,
  • 23.93m @ 1.03% copper & 0.51 g/t gold, within 207.48m @ 0.44% copper & 0.12g/t gold,
  • 26.74m @ 0.89% copper & 0.02 g/t gold, within 80.28m @ 0.64% copper & 0.03g/t gold,
  • 25.79m @ 0.98% copper & 0.01g/t gold, within 56.86m @ 0.58% copper & 0.02g/t gold,
  • 390.09m @ 0.46% copper & 0.11 g/t gold

Cross-section of hole SGY-036 relative to the interpreted geology and earlier significant assay results which exist beneath hole SGY-036

  • Confirmed large-scale copper-gold at Sagay with true widths of up to 300m based on a 0.2% copper cut-off.
  • Total intersection of 319.5m @ 0.53% copper and 0.13g/t gold from 837.8m down hole using a 0.2% copper cut-off.
  • High-grade core also confirmed to extend vertically and controlled by large-scale breccias which can also be identified on the surface.
  • • Higher grade intervals using a 0.5% copper cut-off intersected are:
    • 192.2m @ 0.6% copper and 0.13g/t gold from 886m down hole, and
    • 26.0m @ 0.85% copper and 0.24g/t gold from 1128m down hole
  • Vertical extensions to the defined large-scale copper-gold mineralisation to be tested up-dip at shallow levels underway.
  • Alteration and extensive copper mineralisation highlight the potential for large scale mineralisation at Sagay to extend up close to surface.
Celsius Resources Confirms Large-Scale Copper-Gold at Sagay
  • Results from 3 drill holes confirms copper mineralisation at depths of less than 45 metres.
  • SGY-036 intersected extensive brecciation, silicified rock and the observable presence of the copper minerals chalcocite, chalcopyrite and covellite, with a best intersection of 44.3m @ 0.27% copper.
  • Key geological features including breccia bodies, stockwork veining, large scale alteration and extensive copper mineralisation highlight the potential for large scale mineralisation at Sagay to extend up close to surface.
Celsius Confirms Copper Near Surface at Sagay Project

Malangsa Prospect

Owned and operated by Celsius Resources’ Philippine subsidiary, PDEP, Inc., Malangsa is located in Southern Leyte and is an early stage copper-gold prospect with possible economic porphyry and epithermal mineralisation.

A rapid survey was conducted in 2009 and determined presence of Cu-Au in stream samples.

Situated in the middle of two known productive small-scale gold mine camps where samples were collected from veins with reported values of up to 6.81% Cu, 7.66ppm Au and 148ppm Ag.

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