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Calidus Resources Ltd.
Summary
| Project: | Warrawoona | |
|---|---|---|
| Deposit: | Copenhagen | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-9-2018: Calidus Resources Ltd. announces an Exploration/Drilling Update report for its Copenhagen deposit at the Warrawoona project. JV - Drilling results incl. 10.0m @ 12.85g/t Au from 117m. Calidus Resources Limited (ASX:CAI)(‘Calidus’ or the ‘Compan | |
| Resources: | (Resource, I+I): 10.5Mt @ 2.11g/t Au for 712Koz contained at Warrawoona | |
| CP/QP: | [Overall Report]: Jane Allen (Internal) | |
| ABSTRACT: | Calidus Resources Limited (ASX:CAI)(‘Calidus’ or the ‘Company’) is pleased to provide the following update based on recent drilling results from the Copenhagen Deposit, which forms part of Company’s broader Warrawoona Gold Project, located in the Pilbara of Western Australia. These results form part of a resource infill and extension programme, aiming to expand the current resource to underpin a pre-feasibility study in 2019. Calidus Managing Director Dave Reeves commented, “Drilling at Klondyke is well underway with three rigs in operation. These drilling results from Copenhagen confirm the high-grade nature of the orebody with the mineralisation still open down plunge. With this phase of drilling complete, the Copenhagen resource will be updated as part of the planned resource upgrade for the wider Warrawoona Project. Diamond drilling is also underway at Klondyke targeting an 800m long continuous structure lying at the base of the current pit design. Previous results indicate a highgrade structure centred in a chert marker unit. Diamond drilling allows elective sampling of this unit and adjacent units to be undertaken to give a first indication of the down-dip potential of Klondyke. Two RC rigs are continuing resource expansion drilling at Klondyke East and the St George Shear and I look forward to reporting results from this multi-pronged approach in the near future”. | |
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