Maalinao-Caigutan-Biyog (MCB Project)
The Maalinao-Caigutan-Biyog (MCB Project) is Celsius Resources’ world-class copper-gold project situated in the Philippines on the country’s main island of Luzon - about 320 km north of Manila.
The MCB Project, which is held by CLA’s Philippine subsidiary, Makilala Mining Company, Inc., contains a JORC Mineral Resource estimate comprising 313.8Mt @ 0.48% copper, and 0.15g/t gold, at a cut-off grade of 0.2% copper of which:
290.3Mt @ 0.48% copper is in the Indicated category; and
23.5Mt @ 0.48% copper is in the Inferred category.
Within the above mentioned JORC Resource is a high-grade core of 93.7Mt @ 0.80% copper and 0.28g/t gold, at a cut-off grade of 0.5% copper.
MCB Copper-Gold Project Maiden JORC Mineral Resource
The advanced MCB Project was owned by Freeport-McMoRan – the world’s third largest copper producer, who invested in excess of $14.5m in Country on this asset. Historical exploration conducted by Freeport delivered some incredible drill intersections, including:
- 384.00 m @ 1.25% copper & 0.46 g/t gold, within 767.00 m @ 0.77% copper & 0.27 g/t gold
- 177.00 m @ 1.98% copper & 0.95 g/t gold, within 630.50 m @ 0.81% copper & 0.32 g/t gold
- 186.85 m @ 1.84% copper & 0.86 g/t gold, within 612.00 m @ 0.82% copper & 0.31 g/t gold
- 243.30 m @ 1.38% copper & 0.75 g/t gold, within 505.00 m @ 0.87% copper & 0.38 g/t gold
- 92.00 m @ 1.80% copper & 1.12 g/t gold, within 680.00 m @ 0.54% copper & 0.20 g/t gold
For more information, please read our Scoping Study (released 1/12/21).


Makilala is currently undertaking a 4,000 metre drilling program, comprising 6 diamond holes:
FIRST HOLE RESULTS: |
|
---|---|
SECOND HOLE RESULTS: |
|
![Celsius0084A[1] Celsius0084A[1]](https://celsiusresources.com.au/wp-content/uploads/2021/06/Celsius0084A1-scaled.jpg)
Figure 1: Cross Section A-B with highlighted drill hole intercepts and interpreted geology