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Calidus Resources Ltd.
Summary
| Project: | Warrawoona | |
|---|---|---|
| Deposit: | Klondyke | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/25/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-11-2019: Calidus Resources Ltd. announces an Exploration/Drilling Update report for its Klondyke deposit at the Warrawoona project. Drilling results incl. 15m @ 3.70g/t Au from 30m. Calidus Resources (ASX:CAI) is pleased to report that the final batch | |
| Resources: | (Resource, Total): 1,248,000ozs at 1.83g/t Au at Warrawoona | |
| CP/QP: | [Overall Report]: Jane Allen (Internal) | |
| ABSTRACT: | Calidus Resources (ASX:CAI) is pleased to report that the final batch of RC drilling results have provided additional support of the strong grade continuity of gold mineralisation along-strike and down-dip of the planned Klondyke pit at its 1.25 million-ounce Warrawoona gold project in WA. Calidus Managing Director Dave Reeves said: “With all results now received for the upgrade to a Measured Resource, we have ticked another box in the de-risking and advancement of the Warrawoona Gold Project. We will now commence a review of the open pit resource model, including further optimisation. This will form the basis of the open pit resource upgrade targeting the March quarter of next year.” “In addition, we have received results of drilling to the east of the proposed Klondyke pit, where we have intersected some high priority areas for follow up infill drilling.” “I am also pleased to report the appointment of Richard Hill to the position of CFO. Richard was most recently CFO at Echo Resources and brings a wealth of project financing and development experience with him. Richard will begin discussions with debt providers next year as we continue on our path to the development of the Warrawoona Gold Project”. | |
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