(NewsDirect)
Celsius Resources Ltd(ASX:CLA, AIM:CLA) MD Peter Hume tells Proactive’s Andrew Scott thecompany will expand exploration efforts in northern Luzon, thePhilippines, after receiving an exploration permit for the BotilaoPorphyry Copper-Gold Prospect, southwest of the flagship MCBCopper-Gold Project. Philippine subsidiary Makilala Mining Company,Inc. (MMCI) has been granted a two-year exploration permit by thePhilippine Mines and Geosciences Bureau for Botilao. Celsius’planned Exploration Work Program under the initial two-year permitaims to define the extent and distribution of the observedmineralisation along Botilao Creek.
Hume said: “Given its location, it is possiblethat the mineralisation controls in the Botilao Prospect are similarto those at the Maalinao-Caigutan-Biyog Copper-Gold Projectdeposit.
"Thus, they may have the same mineralisation style andgrades which will be confirmed once we progress the exploration.
“This prospect, once developed, will bringadditional value to Celsius’ portfolio and complement the MCBProject.”
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JonathanJackson
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