Figure 2. The location of the Botilao tenement with respect to the MCB Tenement. The Pasil River Fault which is the mineralisation control for the MCB Deposit extends towards the Botilao Prospect.
Celsius Resources Limited is pleased to announce that a secondary tenement, the Botilao Porphyry Copper-Gold Prospect under its Philippine subsidiary, Makilala Mining Company, Inc. (MMCI) which is located beside the MCB project will be explored to complement the development of the area with a potential to extend the operational mine life. The Mines and Geosciences Bureau has confirmed that all documentary requirements have been satisfied, which will allow the permit issuance upon the clearance of signatories which is anticipated in the coming weeks.
Celsius Executive Chairman Atty. Julito R. Sarmiento, said: “This is another opportunity for Celsius to explore and develop our portfolio of copper-gold assets in the Philippines. We appreciate the trust of the Marcos Jr.’s Administration in the Company’s commitment to build responsible and transformative mining projects that goes beyond regulatory compliances. This tenement could add significant value and complement the Maalinao-Caigutan-Biyog (“MCB”) Copper-Gold Project, given its location and porphyry Cu-Au mineralisation within the area.”
BOTILAO PORPHYRY COPPER-GOLD PROSPECT
Botilao is located in the Cordillera Administrative Region in the Philippines, approximately 320km north of Manila (Figure 1). It is a prospect within the Makilala portfolio with a tenement area of 947.67 hectares, southwest of the MCB Project.
Drilling was previously conducted by Lepanto Exploration Asia in the ‘70s which determined the presence of copper-gold mineralisation in the area.
Botilao is along the same northeast structure which is a major control of the porphyry Cu-Au mineralisation in the MCB Project that will provide the initial working model for the Botilao Prospect (Figure 2).
The proposed initial two-year exploration work program aims to define the extent and distribution of the observed mineralisation along Botilao Creek. Activities will consist of regional to semi-detailed geochemical sampling and mapping to generate future targets for possible geophysical surveys and eventual diamond drilling activities.
Mapping of different rock types or lithologies in the area will be conducted to characterise and delineate mineralised or altered zones.
Detailed mapping will focus on identified mineralised outcrops to ensure proper understanding of the classification and controls of mineralisation.
Article courtesy of Celsius Resources