"We see potential for CEL to define an initial 1-1.5Moz @ 7g/t AuEq based on the work to date around the Magnata and Sanchez faults, as well as a portion of the Gap Zone. This could fall into an interim resource by mid-year.
If the Gap Zone (and surrounds) can be defined over its +1.5km strike and averages 75 m in thickness (there is precedence in recent results), we see potential for ~4Moz @ 1g/t AuEq; and then there is the 26 sq km of surrounding leases under application by CEL."
CEL Price at posting:
27.5¢ Sentiment: Hold Disclosure: Held
