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Calidus Resources Ltd.
Summary
| Project: | Warrawoona | |
|---|---|---|
| Deposit: | Klondyke, Copenhafen, Coronation, Fieldings Gully | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/30/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-11-2017: Calidus Resources Ltd. announces an Exploration/Drilling Update report for its Klondyke, Copenhafen, Coronation, Fieldings Gully deposit at the Warrawoona project. Drilling results incl. 25m @ 3.41g/t Au from 88m. Calidus Resources Limited (AS | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jane Allen (Internal) | |
| ABSTRACT: | Calidus Resources Limited (ASX:CAI) (‘Calidus’ or the ‘Company’) is pleased to announce significant diamond drilling results from Klondyke, Copenhagen, Coronation and Fieldings Gully confirm the presence of high grade gold at all of the Company’s prospects located in the Pilbara of Western Australia, with Calidus to commence an accelerated drilling programme imminently. In addition, a tenement application located contiguous to the current Novo Resources Corp (Novo) JV tenements has been added to the JV arrangement. Calidus Managing Director Dave Reeves commented, “We have successfully intersected multiple high-grade gold intercepts at all of our satellite deposits drilled to date, in addition to a wide high-grade zone in the middle of the Klondyke resource. This ongoing regional exploration in proximity to Klondyke continues to reveal exceptionalresults which provides further support for the potential for significant new discoveries and additional resource ounces at Klondyke and within the existing tenement portfolio. In light of these exceptional results, we have expanded our previously announced Klondyke East drilling to target extensions of the recently drilled Fieldings Gully and Copenhagen deposits with drilling due to commence at the end of this week. With drilling due to commence again imminently and our resource upgrade on track for delivery this year, we continue to aggressively define this large, shear hosted gold project which we believe will support a stand-alone gold development in the future.” | |
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