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Calidus Resources Ltd.
Summary
| Project: | Warrawoona | |
|---|---|---|
| Deposit: | Klondyke | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-9-2019: Calidus Resources Ltd. announces an Exploration/Drilling Update report for its Klondyke deposit at the Warrawoona project. Drilling results incl. 12m @ 2.68g/t Au from 32m. Calidus Resources Limited (ASX:CAI) is pleased to announce initial, sha | |
| Resources: | (Resource, Total): 1,248,000ozs at 1.83g/t Au at Warrawoona | |
| CP/QP: | [Overall Report]: Jane Allen (Internal) | |
| ABSTRACT: | Calidus Resources Limited (ASX:CAI) is pleased to announce initial, shallow drilling results from outside the Resource envelope at its Warrawoona gold project in WA’s Pilbara Region. The latest results highlight the excellent potential to grow the 1.25Moz Resource at Warrawoona, where the Definitive Feasibility Study is underway. Importantly, the results are outside the current resource in an area where mineralisation was not anticipated and as such, have the potential to further enhance the Klondyke resource and ongoing economic evaluation. Calidus Managing Director David Reeves said the ongoing results being generated at Warrawoona showed it was on track to become one of the next generation of Australian gold mines. “We are rapidly progressing towards our goal of becoming a West Australian gold producer,” Mr Reeves said. “With the recent $9m capital raise, we will continue our aggressive drilling program with the aim of growing the mine life and resources at Klondyke, increasing confidence in the Resource and drilling down dip of the open Klondyke orebody. The results from recent and upcoming drilling will be incorporated in the Resource update scheduled for the March quarter of next year.” | |
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