For thousands of other reports visit RSC's Mineral Intellingence Map
Calidus Resources Ltd.
Summary
| Project: | Warrawoona | |
|---|---|---|
| Deposit: | Warrawoona | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-7-2017: Calidus Resources Ltd. announces an Exploration/Drilling Update report for its Warrawoona deposit at the Warrawoona project. Drilling results incl. 27m @ 5.85g/t Au from 91m. Calidus Resources Limited (ASX:CAI) (‘Calidus’ or the ‘Company’) is p | |
| Resources: | ||
| CP/QP: | [Overall Report]: Jane Allen (Internal) | |
| ABSTRACT: | Calidus Resources Limited (ASX:CAI) (‘Calidus’ or the ‘Company’) is pleased to announce that it has intercepted high-grade gold mineralisation across significant widths at its flagship Warrawoona Gold Project located in the Pilbara of Western Australia. Calidus Managing Director Dave Reeves commented, “These initial drilling results reinforce our belief that Warrawoona has the potential to become one of Australia’s next gold development projects. Initial drilling focused on the ‘gap’ zone, with an aim to link the two historical JORC resource areas. This program has been facilitated by our recent consolidation of the tenements that cover the main Klondyke Shear. This is the first time in the history of the belt that modern day exploration techniques have been applied by one owner across the entire tenement package. These results cover over half the strike of this gap area and with multiple intersections in every hole drilled, we are confident that this will allow for the resource to be defined over 3km in strike at the completion of this program. Importantly, the deposit remains open along strike and down dip and when combined with the known satellite deposits provides significant potential upside for the project.“ The current program aims to increase data density in the main shear ‘Gap’ zone, a 700m long zone that separates the western and eastern 2012 JORC compliant resources at Klondyke. Calidus aims to quickly calculate additional near surface resource ounces within the ‘Gap’ zone soon after the completion of this round of drilling. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report