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Calidus Resources Ltd.
Summary
| Project: | Warrawoona | |
|---|---|---|
| Deposit: | Copenhagen, Klondyke | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-7-2018: Calidus Resources Ltd. announces an Exploration/Drilling Update report for its Copenhagen, Klondyke deposit at the Warrawoona project. JV - Drilling results incl. 10m @ 5.38g/t Au from 63m. Calidus Resources Limited (ASX:CAI)(‘Calidus’ or the ‘ | |
| 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 announce a drilling update based on results from the Company’s Copenhagen Gold Deposit and from drilling directly East of the Klondyke Gold Deposit, located in the Pilbara of Western Australia. Calidus is undertaking a large resource infill and extension programme across the Warrawoona project with an aim to expand the current resource to underpin a pre-feasibility study in 2019. Calidus Managing Director Dave Reeves commented, “The Resource definition drilling programme at Copenhagen has significantly improved our understanding of the high-grade plunge orientation of this orebody. This information will support our targeting for depth extensions with the second phase of drilling to commence at Copenhagen during the current quarter. We are also pleased with the confirmation of mineralisation commencing from surface further east of our Klondyke Resource and will continue to evaluate the potential for further extensions with our systematic programme. The Company is also testing the St George Shear Zone via initial scout drilling which has received no modern exploration. In parallel, further geological work has defined a continuous working of over 1km on surface that targeted a chert/quartz vein that on closer inspection shows excellent continuity at depth and represents a high priority target for additional highgrade resources. A programme targeting this area will commence in the next 2 weeks with a 2nd rig and will include a large portion of diamond drilling to enable a selective grade to be reported.” | |
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