Media

HIGHLIGHTS

Celsius Resources (ASX/AIM:CLA) has completed a program of 12 shallow diamond drill holes to test the extents of oxide copper mineralisation from Nabiga-a Hill at the Sagay Copper-Gold Project.

Highlights from the drilling program include:

• 69.3m @ 0.56% copper from 10.7m down hole from SGY-040, including
  • 21.3m @ 1.23% copper from 15m down hole.
     
• 47.0m @ 0.84% copper from 33m down hole from SGY-045, including
  • 35m @ 1% copper from 35m down hole.
     
• 50.3m @ 0.65% copper from 31.7m down hole from SGY-049, including
  • 30m @ 0.85% copper from 52m down hole.

Celsius Resources is pleased to announce that its Philippine subsidiary, Tambuli Mining Company, Inc. (“TMCI or the “Company”), has concluded the drilling program with positive drilling results for its Sagay Copper-Gold Project in the island of Negros.

Drilling focused on the shallow high-grade copper, or the Secondary Supergene Chalcocite Enrichment zone, to supplement the data gaps and increase confidence in the Mineral Resource¹ of this shallow high-grade zone.

Celsius Managing Director, Peter Hume, said:

“The results from the recent drilling confirm the location of copper mineralisation starting from less than 10m beneath the surface. This shallow and relatively flat oxidised zone has potential for a new development to support the phased growth of Sagay. A proposed phased approach for Sagay could deliver project self-reliance towards our goal of ultimately developing the much larger porphyry Cu-Au mineralisation which exists underneath this shallow copper mineralisation and Nabiga-a Hill.

This potential mining opportunity is approximately one year behind the Maalinao-Caigutan-Biyog Copper-Gold Project in approvals and has the potential for a rapid start up.” 

To read the full announcement, please click here.