Calidus Resources Drills Open Pit Potential at Blue Spec

THE DRILL SERGEANT: Calidus Resources (ASX: CAI) reported drilling results it declared highlights potential for an open-pit operation at the company’s Blue Spec East prospect in the Pilbara.

Calidus Resources achieved the results during a RC drilling campaign conducted in December 2021 and January 2022.

Thirteen holes were drilled with the best intercepts, using a cut-off of 0.5g/t gold, consisting of:

22BSRC010
52 metres at 1.4 grams per tonne gold from 22m;

22BSRC009
20m at 1.41g/t gold from 44m;

22SBSRC018
10m at 1.95g/t gold from 81m;

22BSRC017
10m at 1.26g/t gold from 34m; and

22BSRC016
4m at 2.42g/t gold from 12m.

The company explained the results had better defined the shape of previously identified intersections and confirm that known mineralisation at depth continues to near the surface where it may be amenable to open-pit mining.

Follow-up drilling is needed to determine the potential for an open-pit resource.

“These results clearly demonstrate there is opportunity for additional mine life at Blue Spec beyond the current resource,”

“In addition, anomalous gold results from a parallel shear are encouraging for the wider area where targeted soil sampling is scheduled to begin shortly.

“At Marble Bar, the initial drilling program has demonstrated the presence of shallow high-grade gold down dip from the old workings.

“These results will be followed up with further drilling as this area may provide additional high-grade ore to Warrawoona given it is just 25 kilometres from the processing plant.”

 

 

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Email: info@calidus.com.au

 

Web: www.calidus.com.au