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Calidus Resources Ltd.
Summary
| Project: | Warrawoona | |
|---|---|---|
| Deposit: | Warrawoona | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/25/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-7-2017: 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. 16m @ 2.62g/t Au from 124m. Calidus Resources Limited (ASX:CAI) (‘ | |
| 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 at its flagship Warrawoona Gold Project located in the Pilbara of Western Australia. This represents a further 11 RC drill holes for 1,186m of the current 10,000m program. Calidus Managing Director Dave Reeves commented, “We have now intersected gold mineralisation in all holes drilled to date. This represents almost 20% of the planned drilling and continues to increase our confidence that the gap area will be rapidly converted into a resource later this year. Drilling is progressing well with the gap area drilling now complete and samples being dispatched to the laboratory. The rig is now moving to infill and twin holes in the existing resource area to either side of the gap areas to assist in the next resource calculation which will cover the 3km of continuous mineralisation that has been drilled to date.” A regional targeting exercise is running concurrently with the resource development program. This is ranking the numerous targets that exist along the 38km of untested strike of mapped shears that exist on the Company’s tenements. To achieve this, a team of experienced field geologists is currently using mapping, sampling, high resolution aerial photography, hyperspectral imaging and regional magnetics. A detailed report will be made when this exercise is complete that will highlight the vast amount of outcropping targets that exist in the Project area. | |
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