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Calidus Resources Ltd.
Summary
| Project: | Warrawoona | |
|---|---|---|
| Deposit: | Warrawoona | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/16/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-8-2017: Calidus Resources Ltd. announces an Exploration/Drilling Update report for its Warrawoona deposit at the Warrawoona project. JV with Keras Resources Plc - Drilling results incl. 6m @ 63.31g/t Au from 49m. Calidus Resources Limited (ASX:CAI) (‘C | |
| 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 that it continues to intercept gold mineralisation across significant widths in all holes drilled at its flagship Warrawoona Gold Project located in the Pilbara of Western Australia. Calidus Managing Director Dave Reeves commented, “The consistent intersection of ore grade gold mineralisation including very high-grade gold numbers is a fantastic result, and it supports the known historic mined grades of 30g/t to 180 g/t that were commonly reported in the area. Our knowledge base on the controls of the high grade mineralisation is growing rapidly and will be used to target these zones in future drill campaigns. Due to every hole intersecting ore grade mineralisation to-date and on review of the existing resource area, we have decided to increase the drill program to a total of 12,600m to maximise both the resource size and category of resource for the planned resource upgrade later this year. This will include 1,100m of diamond core for structural work and metallurgical test work.” 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 work expeditiously to calculate additional near surface resource ounces within the ‘Gap’ zone soon after the completion of this round of drilling. All holes continue to intersect classic Klondyke style mineralisation, comprising quartz veins within strongly sheared, silicified, pyritised and fuchsite altered felsic and mafic schists. | |
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