Calidus Encounters Further High-Grade Gold at Warrawoona

THE DRILL SERGEANT: Calidus Resources (ASX: CAI) released the latest high-grade drilling results achieved from the St George Shear and Klondyke East prospects at the company’s Warrawoona gold project in Western Australia.

Calidus Resources said the reustlts had confirmed extensions to the current Resource area at the Warrawoona project.

The company explained the drilling is part of a larger resource infill and extension program it has going to expand the current 712,000 ounce Warrawoona resource leading to the commencement of a pre-feasibility study in 2019.

Infill drilling for open-pit resources at the new high-grade gold zone St George, 150m North of the Klondyke Main resource, returned intercepts including:

6 metres at 7.61 grams per tonne gold, including 1m at 40.64g/t gold from 16m;

8m at 5.64g/t gold, including 1m at 11.03g/t gold, 1m at 13.05g/t gold and 1m at 10.95 g/t gold from 44m;

14m at 1.77g/t gold from 35m; and

2m at 10.23g/t gold, including 1m at 18.91g/t gold from 91m.

Klondyke East in-fill drilling returned the following:

2m at 20.84g/t gold, including 1m at 40.51g/t gold from 88m;

6m at 3.82g/t gold from 93m;

15m at 0.97g/t gold from 97m;

2m at 7.29g/t gold, including 1m at 12.75g/t gold from 66m; and

1m at 10.79g/t gold from 2m.

“The ongoing multi-target drilling programs at the Warrawoona gold project continue to be very successful, aiming to build on the landmark 712,000 ounce resource we delivered in December 2017 and clearly showing that the project has considerable upside,” Calidus Resources managing director Dave Reeves said in the company’s announcement to the Australian Securities Exchange.

“The high-grade tenor of the St George Shear intercepts is very encouraging especially considering its location being only 150 metres north of the Klondyke deposit.

“With still 60 per cent 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 program 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.”