What is the story about?
What's Happening?
Celsius Resources Limited has announced further high-grade copper intercepts from its drilling program at the MCB Copper-Gold Project in the Philippines. The latest results include an intercept of 86.0 meters grading 0.56% copper and 0.06 g/t gold, with a higher-grade zone of 16.0 meters at 1.26% copper. The drilling program aims to gather geotechnical and hydro-geological data, with assay results pending for additional intervals. The feasibility study update for the project is 60% complete, with work on mine design and site infrastructure nearing completion.
Why It's Important?
The discovery of high-grade copper mineralization at the MCB Project could significantly enhance the project's value and attract investment. Copper is a critical component in various industries, including electronics and renewable energy, and high-grade deposits are particularly valuable. The ongoing feasibility study and anticipated updates to the Mineral Resource Estimate and JORC Ore Reserve Statement will provide investors with a clearer understanding of the project's potential. Successful development of the MCB Project could contribute to Celsius Resources' growth and strengthen its position in the mining sector.
What's Next?
Celsius Resources plans to release updated Mineral Resource and JORC Ore Reserve statements by December, along with the updated JORC Feasibility Study report. These developments are expected to deliver value for the MCB Project, investors, shareholders, and the community. The company will continue to focus on advancing the project and exploring opportunities for further mineral discoveries.
AI Generated Content
Do you find this article useful?
