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Calidus Resources Ltd.
Summary
| Project: | Warrawoona | |
|---|---|---|
| Deposit: | Gap Zone | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/6/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-9-2017: Calidus Resources Ltd. announces an Exploration/Drilling Update report for its Gap Zone deposit at the Warrawoona project. Drilling results incl. 17m @ 2.54g/t Au from 212m. Calidus Resources Limited (ASX:CAI) (‘Calidus’ or the ‘Company’) is ple | |
| 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 now received all assays for the ‘Gap’ Zone at its flagship Warrawoona Gold Project located in the Pilbara of Western Australia and they confirm that continuous mineralisation of consistent grade and width now extends for 2.6km of strike and is open at depth and along strike in both directions. This represents a further 17 RC drill holes for 2,784m of the current drill program. Calidus Managing Director Dave Reeves commented, “These results include the final holes in the ‘Gap’ Zone and some extensional and infill holes in the Eastern Resource. The most significant result of this drilling is that we can now confirm we have 2.6km of continuous mineralisation that is open at depth and along strike in both directions. This is a very significant milestone in the Companys’ short history as it underpins the large near surface potential that exists at Warrawoona which we plan to expand on with on-going systematic exploration. The drill rig has now moved to the Western Resource where it continues to drill in-fill and extensional holes and we anticipate it moving to the high-grade satellite deposits in the very near future. I look forward to reporting the next batch of results as they become available.” | |
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