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Calidus Resources Ltd.
Summary
| Project: | Warrawoona | |
|---|---|---|
| Deposit: | Klondyke Shear | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/4/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-6-2019: Calidus Resources Ltd. announces an Exploration/Drilling Update report for its Klondyke Shear deposit at the Warrawoona project. Drilling results incl. 8.0m @ 8.06g/t Au from 56m. Calidus Resources Limited (ASX: CAI) is pleased to announce outst | |
| Resources: | (Resource, Total): 21.2Mt @ 1.83g/t Au for 1.25Moz Au contained | |
| CP/QP: | [Overall Report]: Jane Allen (Internal) | |
| ABSTRACT: | Calidus Resources Limited (ASX: CAI) is pleased to announce outstanding first assays from the regional drilling programme at its Warrawoona gold project in WA’s Pilbara. The regional exploration campaign is part of Calidus’ strategy to grow the 1.25million ounce JORC Resource at Warrawoona, where a Preliminary Feasibility Study is due for completion in July. Calidus Managing Director Dave Reeves said the results highlighted the strong potential to grow the Warrawoona Resource. “This is the first investigatory drilling that Calidus has undertaken well away from the established 1.15Moz Resource at Klondyke,” Mr Reeves said. “We are very encouraged by the results from this first-pass regional drilling program, which has identified shallow mineralisation up to 5km west from the Klondyke resource on the same geological structure. “These results highlight Warrawoona’s potential to host further near-surface gold mineralisation in close proximity to the proposed mine development. We are looking forward to what is shaping up as a transformational financial year ahead as we complete feasibility studies, grow resources and explore the regional potential of the project.” | |
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