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Calidus Resources Ltd.
Summary
| Project: | Warrawoona | |
|---|---|---|
| Deposit: | St George Shear, Klondyke | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/8/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-11-2018: Calidus Resources Ltd. announces an Exploration/Drilling Update report for its St George Shear, Klondyke deposit at the Warrawoona project. JV - Drilling results incl. 6.0m @ 7.61g/t Au from 16m. Calidus Resources Limited (ASX: CAI) (‘Calidus’ | |
| Resources: | (Resource, I+I): 10.5Mt @ 2.11g/t Au for 712Koz contained at Warrawoona | |
| CP/QP: | [Overall Report]: Jane Allen (Internal) | |
| ABSTRACT: | Calidus Resources Limited (ASX: CAI) (‘Calidus’ or the ‘Company’) is pleased to announce that its latest high-grade drilling results from the St George Shear and Klondyke East prospects confirm extensions to the current Resource area at its Warrawoona Gold Project in WA. These results form part of a larger resource infill and extension programme, aiming to expand the current 712,000 oz resource and underpin the commencement of a pre-feasibility study in 2019. Calidus Managing Director Dave Reeves commented, “The ongoing multi-target drilling programmes at the Warrawoona Gold Project continue to be very successful, aiming to build on the landmark 712,000 oz resource we delivered in Dec 2017 and clearly showing that the project has considerable upside. The high-grade tenor of the St George Shear intercepts is very encouraging especially considering its location being only 150m north of the Klondyke deposit. With still 60% of this area to report and the tenor of grade increasing to the west, I look forward to reporting these further results and the results of an initial diamond drill programme that is targeting resources beneath the potential open pit at Klondyke. This drilling is now complete with drill rigs now moving to complete geotechnical drilling and water bore drilling for the upcoming pre-feasibility study.” | |
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