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Could be the AVZ of Cobalt!

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Riglife

3,368 Posts.

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05/09/17

18:48

Post #: 27015342
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Originally posted by RDL ↑

A little post-caffeine afternoon arithmetic;

Based on the original Opuwo project and drilling up to June/July "The initial exploration target, consisting of between 33 and 41 million tonnes, grading approximately 0.13% - 0.17% cobalt and 0.45% - 0.65% copper, covers a zone of approximately 11 km in the central portion of the project area. "

and now from yesterday's ann;

"Celsius has so far defined mineralisation over approximately 15 km of strike, of a potential total of 30 km at the existing Opuwo licence, EPL 4346. The new licences acquired by Celsius extend the prospective cobalt and copper stratigraphic horizon to over 100 km"

I wonder what the exploration target looks like with over 100km? Do we just multiply by 10 to convert the 11km zone used for the 33-41mt into the new "over 100km"? Surely not 330-410mt??

FWIW, on 100MT resource, IGV is;

View attachment 715872

ha ha ha

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Could be the AVZ of Cobalt!

CLA Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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