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Calidus Resources Ltd.
Summary
| Project: | Warrawoona | |
|---|---|---|
| Deposit: | Klondyke | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/30/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-7-2019: Calidus Resources Ltd. announces an Exploration/Drilling Update report for its Klondyke deposit at the Warrawoona project. Drilling results incl. 13m @ 11.1g/t Au from 30m. Calidus Managing Director Dave Reeves said: “With the completed PFS sho | |
| Resources: | (Resource, Total): 1,248,000 ozs at 1.83g/t Au at Warrawoona | |
| CP/QP: | [Overall Report]: Jane Allen (Internal) | |
| ABSTRACT: | Calidus Managing Director Dave Reeves said: “With the completed PFS showing a robust six-year initial mine life, we are now focussing growing the mine life and continuing to de-risk this quality WA gold development story. This drilling was planned to build confidence in the resource categories and potentially add further open pit reserves by increasing pit depth in areas of low drill density. The high-grade tenor of the results confirms that areas of the pit will contain bonanza grades. With one rig on site and a second rig to be mobilised for the remainder of this calendar year, there will be strong news flow as we continue to add mine life and increase confidence in the resource and reserves at Klondyke. Results for the remaining 32 RC and AC drillholes for 3,745m of a larger 42-hole RC programme representing 4,967m have been received. The total programme comprised 35 RC drillholes representing 4,053m which were drilled within the current Klondyke/St George pit designs, as well as 4 initial shallow holes for 722m drilled to test a section of the Highway Shear chargeability anomaly. In addition, 3 RC holes were completed for 192m across the Chance prospect at Klondyke West as part of the larger regional programme. Detailed results of the drilling programme are provided in Table One to this announcement and a cross-section through 19SGRC078 is shown in Figure Two. | |
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