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Calidus Resources Ltd.
Summary
| Project: | Warrawoona | |
|---|---|---|
| Deposit: | Warrawoona | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/31/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-1-2018: Calidus Resources Ltd. announces an Exploration/Drilling Update report for its Warrawoona deposit at the Warrawoona project. JV - Drilling results incl. 6m @ 21.47g/t Au from 131m. Calidus Resources Limited (ASX:CAI)(‘Calidus’ or the ‘Company’) | |
| 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 a drilling update based on results from a further 15 RC drillholes at its emerging Copenhagen and Fieldings Gully satellite deposits, located within its Warrawoona Gold Project, 20kms south of Marble Bar. Calidus Managing Director Dave Reeves commented, “The latest high‐grade results continues to highlight that the underexplored Warrawoona area is emerging as a significant gold project within the Pilbara region of Western Australia. Calidus decided to rapidly follow‐up outstanding assays at Fieldings Gully (16m @ 3.52g/t Au) and Copenhagen (18m @ 4.35g/t Au) drilled late last year and results continue to impress at both deposits. The Fieldings Gully and Copenhagen prospects contain significant potential to further grow the project’s Mineral Resource base and we will be undertaking further drilling in Q2 to target this outcome.” The drill programme at Copenhagen and Fieldings Gully totalled 2,056m of RC drilling and was completed in late 2017 as part of Calidus’s asset growth exploration approach. These two satellite deposits contain a total of 58,000 ounces and lie within 15km of the Klondyke deposit that forms the centre of gravity of the 712,000‐ounce Warrawoona Gold Project. | |
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