Celsius confirms copper near surface at Sagay Project
Celsius Resources is pleased to announce it has received results from 3 drill holes confirming shallow extensions to the large-scale copper mineralisation previously discovered at its Sagay Project held under its Philippine subsidiary Tambuli Mining Company, Inc.
“The copper mineralisation covers a huge area at Sagay at depth, and we are now proving this up at shallower levels. This round of drilling has confirmed that the mineralisation now extends up close to the surface, extending up from the earlier discoveries which has intersected copper mineralisation from around 100 meters to over 1,000 metres depth.”
Celsius Executive Chairman, Martin Buckingham.
The results identified extensive geological alteration and other features which are interpreted to be linked to the porphyry copper mineralisation at Sagay.
Broad zones of low grade copper mineralisation were also intersected in all three drill holes, including 44.3m @ 0.27% copper from 139.2m in SGY-036, 112.2m @ 0.16% copper from 197m in hole SGY-038A and 247m @ 0.14% copper from 113m (to the end of the drill hole).
“The discovery of key geological features and copper mineralisation near the surface is an important stepping stone, with further follow-up now required to define the higher grade core to this system also at shallow levels. This is extremely encouraging as it also allows us to consider lower cost bulk mining methods as part of our next phase of studies at the Nabagia-a Hill Project area.”
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