Celsius Resources welcomes exploration permit for Botilao
August 08, 2023 at 01:46 pm EDT
Share
(via NewsDirect)
Celsius Resources Ltd (ASX:CLA, AIM:CLA) MD Peter Hume tells Proactive’s Andrew Scott the company will expand exploration efforts in northern Luzon, the Philippines, after receiving an exploration permit for the Botilao Porphyry Copper-Gold Prospect, southwest of the flagship MCB Copper-Gold Project. Philippine subsidiary Makilala Mining Company, Inc. (MMCI) has been granted a two-year exploration permit by the Philippine Mines and Geosciences Bureau for Botilao. Celsius’ planned Exploration Work Program under the initial two-year permit aims to define the extent and distribution of the observed mineralisation along Botilao Creek.
Hume said: “Given its location, it is possible that the mineralisation controls in the Botilao Prospect are similar to those at the Maalinao-Caigutan-Biyog Copper-Gold Project deposit.
"Thus, they may have the same mineralisation style and grades which will be confirmed once we progress the exploration.
“This prospect, once developed, will bring additional value to Celsius’ portfolio and complement the MCB Project.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
Copyright (c) 2023 TheNewswire - All rights reserved.
Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Celsius Resources Limited specializes in mineral exploration and extraction. Products include cobalt, copper, zinc and nickel.
At the end of June 2020, the group had 4 mines located in Australia (3; Abednegno Hill, Carnilya Hill and Hann River) and Namibia (Opuwo Cobalt).
CELSIUS RESOURCES LIMITED 
