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Celsius Resources (ASX: CLA) receive “excellent” results from MCB – TheMarketHerald

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  • Celsius Resources (CLA) receives “excellent” high-definition analysis results from an ongoing drilling program at the Philippines’ flagship MCB Copper-Gold project
  • The new results are in line with the previous results, and the prominent hole MCB-038 continues to identify and expand two more high-grade zones.
  • Celsius says the drillhole confirmed that it had many higher grade positions as expected, improving the confidence level of existing mineral resources.
  • Results from the holes in the MCB-038 showed 611.4 meters with 1.39 percent copper and 0.75 grams per ton of gold (g / t) from 32.5 meters.
  • CLA shares are up 42.9% and are trading at 10:50 am for 2 cents.

Celsius Resources (CLA) has received “excellent” high-quality analysis results from an ongoing drilling program at its flagship MCB Copper-Gold project in the Philippines.

New results are consistent with Previous resultsUse the prominent hole MCB-038 to identify and expand two more high grade zones.

Results from the holes in the MCB-038 showed 611.4 meters with 1.39 percent copper and 0.75 grams per ton of gold (g / t) from 32.5 meters.

Celsius confirmed that the drillhole had many higher grade positions as expected and said it improved the confidence level of existing mineral resources.

The results of the latest assay include 150.85 meters of gold at 1.90 percent copper, 1.57 g / t gold at 207.15 meters, 234.45 meters at 1.90 percent copper and 0.87 g / t gold at 391.55 meters.

“We believe the MCB-038 results are extraordinary and reflect the quality of the MCB deposits,” said Martin Buckingham.

“There are still some diamond drill holes planned to further define high quality copper that is shallow and accessible at the MCB.

“The drilling results for the last six months have identified significant additions to copper mineralization. The impact of these results as we move to JORC update resource estimation and feasibility studies later this year. I’m looking forward to understanding. ”

CLA shares rose 42.9% and traded at AEST at 10:50 am for 2 cents.



Celsius Resources (ASX: CLA) receive “excellent” results from MCB – TheMarketHerald

Source link Celsius Resources (ASX: CLA) receive “excellent” results from MCB – TheMarketHerald

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