–News Direct–
Celsius Resources Ltd (ASX:CLA, AIM:CLA) MD Peter Hume tells Proactives 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
View source version on newsdirect.com: https://newsdirect.com/news/celsius-resources-welcomes-exploration-permit-for-botilao-412644213
Celsius Resources Limited
COMTEX_438027818/2655/2023-08-08T13:44:56
