Calidus Resources Drilling at Warrawoona

THE DRILL SERGEANT: Calidus Resources (ASX: CAI) commenced a 2018 resource definition drilling program at the company’s Warrawoona gold project, south of Marble Bar in the East Pilbara of Western Austaralia.

Calidus will conduct the dual-purpose program to consist of both Reverse Circulation (RC) and diamond drilling, to expand the existing gold resource base of 712,000 ounces and to verify new targets adjacent to the existing resource.

An initial 30,000m RC resource drilling program has commenced onsite at Klondyke with the objective of growing the Mineral Inventory to in excess of one million ounces at Warrawoona by the end of 2018.

Drilling is focussing on areas the company has ranked in accordance with proximity to the existing Klondyke Mineral Resource including shallow strike extensions and potential for high grade shoot geometries.

“The main focus of our 2018 drilling program is to grow the Resource Inventory to in excess of one million ounces by the end of 2018,” Calidus Resources managing director Dave Reeves said in the company’s announcement to the Australian Securities Exchange.

“This would allow the company to push the green light on commencement of a formal pre‐feasibility study.

“Given the outstanding success of our maiden drilling in 2017, we are confident that this is an objective that is readily achievable.

“The resource drilling will concentrate on the shallow, outcropping strike extensions to Klondyke for a distance of 1.2 kilometres east and 800 metres west of the existing resource, nearly doubling the drilled strike of Klondyke to 4.5 kilometres.

“In addition to the growth of along strike ounces at Klondyke, we will shortly undertake an initial reconnaissance drill program on the St George’s Shear that lies 150 metres to the north of Klondyke, is parallel to Klondyke and shares very similar geology to Klondyke.

“We have planned to test this area over a length of four kilometres.”

 

Email: info@calidus.com.au

Website: www.calidus.com.au