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Calidus Resources Ltd.
Summary
| Project: | Warrawoona | |
|---|---|---|
| Deposit: | Klondyke | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/20/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-6-2019: Calidus Resources Ltd. announces an Exploration/Drilling Update report for its Klondyke deposit at the Warrawoona project. Drilling results incl. 13m @ 1.58g/t Au from 28m. Calidus Resources Limited (ASX: CAI) is pleased to announce strong firs | |
| Resources: | (Resource, Total): 1.248Moz Au @ 1.83g/t Au | |
| CP/QP: | [Overall Report]: Jane Allen (Internal) | |
| ABSTRACT: | Calidus Resources Limited (ASX: CAI) is pleased to announce strong first assays from a 42-hole RC drilling programme at its Warrawoona gold project in the Pilbara region of Western Australia. The results, which are from infill drilling, are important because they confirm the continuity of the western part of the main Klondyke Resource model at Warrawoona. Calidus Managing Director Dave Reeves said: “The RC drilling and trench campaigns are part of Calidus’ strategy to derisk the development of the Warrawoona Project, where a Pre-feasibility Study is due for completion next month. “Upgrading drill density and trenching the upper portions of the Klondyke Resource will result in an improved level of confidence in lode geometry, continuity and predictability. Results will be used to refine the open-cut mine design and shallow early mine-feed material.” The Warrawoona syncline is one of the largest greenstone-hosted goldfields in the East Pilbara, Western Australia. The currently explored gold deposits are composed of quartz lodes within three main regional shear zones: the Klondyke shear zone, the Copenhagen shear zone and the Fielding’s Find shear zone. These sub-vertical shear zones present major networks of quartz/calcite/sulphide/ankerite veins and are locally lined with heavily brecciated fuchsite-sericite-pyrite bearing mafic rocks. Visible gold is often observed in quartz veins throughout the mineralised package. | |
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