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Calidus Resources Ltd.
Summary
| Project: | Warrawoona | |
|---|---|---|
| Deposit: | Klondyke | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-4-2018: Calidus Resources Ltd. announces an Exploration/Drilling Update report for its Klondyke deposit at the Warrawoona project. JV - Drilling results incl. 16m @ 2.34g/t Au from 136m. Calidus Resources Limited (ASX:CAI)(‘Calidus’ or the ‘Company’)is | |
| 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 a further 12 RC holes along a reconnaissance traverse directly East of the company’s Klondyke Gold Deposit, located in the Pilbara of Western Australia. Calidus will be commencing a large resource infill and extension programme across the Klondyke Shear corridor in May 2018. Calidus Managing Director Dave Reeves commented, “The Klondyke East maiden drilling campaign has confirmed that the main Klondyke Shear is proving up as a substantial gold system. Drilling has intersected outcropping gold mineralisation for over 2km from the eastern limit of the existing 2.6km long, 654,000 ounce resource. With deep drilling underway beneath the existing resource, the true scale of Klondyke is beginning to be revealed. Mapping of the shear to east of this shows a continuation of the host rock sequence for a further 2km along strike from this drilling. These results increase our confidence that with the extensional drilling planned this year, we will see a significant increase in defined resources at the Klondyke Prospect.”. | |
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