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Calidus Resources Ltd.
Summary
| Project: | Warrawoona | |
|---|---|---|
| Deposit: | Fieldings Gully, Copenhagen | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-11-2017: Calidus Resources Ltd. announces an Exploration/Drilling Update report for its Fieldings Gully, Copenhagen deposit at the Warrawoona project. Drilling results incl. 18m @ 4.35g/t Au from 46m. Calidus Resources Limited (ASX:CAI) (‘Calidus’ or t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jane Allen (Internal) | |
| ABSTRACT: | Calidus Resources Limited (ASX:CAI) (‘Calidus’ or the ‘Company’) is pleased to announce that it has intersected significant widths and grades of gold mineralisation at the Fielding’s Gully and Copenhagen deposits that are now wholly owned following the recently completed Haoma tenement purchase. The Company has now received all RC drill results from the recently completed program. The Warrawoona syncline is one of the largest mafic-ultramafic-hosted goldfields in the East Pilbara Granite Greenstone Terrane. These gold deposits are composed of quartz lodes within three main shear zones: the Klondyke shear zone, the Copenhagen shear zone and the Fielding’s Find shear zone. The shear zones present impressive networks of quartz/calcite/sulphide/ankerite veins and are locally lined with heavily brecciated fuchsite-sericite-pyrite bearing rocks. Free gold is often observed in quartz veins throughout the mineralised package. A total of 9 holes for 596m was completed at Fielding’s Gully and 16 holes for 1,186m at Copenhagen. Calidus Managing Director Dave Reeves commented, “The Fielding’s Gully drill program was designed to provide the initial testing of an extensive gold anomaly defined by shallow historic open hole drilling completed in the 1980’s and 1990’s. These assay results confirm the presence of a large mineralised system over 300m of current strike length with all holes intersecting zones of quartz veining in mafic and ultramafic schists similar to that observed at the Klondyke deposit approximately 10kms to the east. Mineralisation at Fielding’s Gully outcrops and remains open along strike and at depth and will be followed up in future drill programs. | |
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