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Calidus Resources Ltd.
Summary
| Project: | Warrawoona | |
|---|---|---|
| Deposit: | Klondyke | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-6-2018: Calidus Resources Ltd. announces an Exploration/Drilling Update report for its Klondyke deposit at the Warrawoona project. JV - Drilling results incl. 10m @ 3.84g/t Au from 27m. 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 that it has confirmed further high-grade results from Coronation and depth extensions below the Klondyke Resource at the Company’s Warrawoona Gold Project, located 25kms south of Marble Bar in the East Pilbara of WA. Calidus Managing Director Dave Reeves commented, “Reconnaissance drilling at the satellite Coronation prospect has highlighted a 250m long high-grade zone that will be in-fill drilled in the coming year to provide a maiden resource for Coronation adding to the 712,000 ounce inventory that already exists at Warrawoona. In addition, the intersection of high grade gold at Klondyke 150m below previous drilling is very exciting. Proving that the structure extends at depth, even on the far edges of our resource, gives us confidence that there is large blue-sky potential across Klondyke at depth. For now, however, we will concentrate on the shallow open pit resource potential of Klondyke for the remainder of this year and re-visit the extension of mineralisation at depth once we have gained further knowledge on the deposit. I am pleased to report that this resource extension drilling is progressing well and I look forward to announcing these results on a rolling basis over the coming 5 months.” | |
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