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Calidus Resources Ltd.
Summary
| Project: | Warrawoona | |
|---|---|---|
| Deposit: | Klondyke | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/4/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-11-2019: Calidus Resources Ltd. announces an Exploration/Drilling Update report for its Klondyke deposit at the Warrawoona project. Drilling results incl. 12m @ 5.58g/t Au from 12m. Calidus Resources (ASX:CAI) is pleased to report another batch of high- | |
| 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 another batch of high-grade RC drilling results which continue to demonstrate the strong strike and grade continuity of gold mineralisation within the planned Klondyke pit at its 1.25 million-ounce Warrawoona gold project in WA. Calidus Managing Director Dave Reeves said: “Drilling continues to intersect wide, high-grade mineralisation in the planned open pit. These results are frequently above the current average pit grade of 1.4gpt, they are shallow and they demonstrate excellent continuity of mineralisation. This means the economic and technical outlook for Warrawoona continues to strengthen, with the potential returns growing and the risks falling. “In addition, the initial diamond core drilling to test the down-dip potential of the Klondyke mineralisation looks promising. While assays are pending, the geology intersected and visible gold observed by geologists supports our view that it is a good opportunity to grow the Resources and Reserves below the Klondyke pit.” | |
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