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Calidus Resources Ltd.
Summary
| Project: | Warrawoona | |
|---|---|---|
| Deposit: | Klondyke | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/22/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-10-2019: Calidus Resources Ltd. announces an Exploration/Drilling Update report for its Klondyke deposit at the Warrawoona project. Drilling results incl. 35m @ 2.84g/t Au from 0m. Calidus Resources Limited (ASX:CAI) is pleased to announce more outstan | |
| 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 more outstanding results from within the planned open pit at its Warrawoona gold project in WA’s Pilbara region. The latest results, which will be used to establish a Measured Resource, continue to demonstrate that the mineralisation in the planned Klondyke open pit is outcropping, wide and continuous. Calidus Managing Director Dave Reeves said: “These results continue to demonstrate that the mineralisation at Klondyke is wide, continuous and outcrops at surface. This further boosts the economic outlook for the planned open pit while derisking the operation in the process. In simple terms, it means we would be mining ore from day one with no pre-strip required. “Drilling continues at Klondyke with two rigs; while an RC rig is currently drilling greenfields targets 3km west of Klondykethe diamond rig continues to infill the underground resource. All of this drilling is aimed at extending mine life, which would in turn enhance the previously-quoted PFS metrics. | |
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