Calidus Resources Hilghlights Warrawoona Gold Potential

THE DRILL SERGEANT: Calidus Resources (ASX: CAI) completed a Regional Target Generation Study over the company’s East Pilbara greenstone assets.

Calidus Resources said the study had identified more than 45 high‐priority exploration targets at its Warrawoona project area that will be ranked and evaluated throughout 2018

The company geologists are following up the highest priority targets conducting mapping and geochemistry programs in advance of RAB and RC drilling planned for quarters two and three this year.

High priority targets include KET 14 and KET 15 in the southwestern part of the project area.

Calidus indicated these targets highlight a strong, northeast trending, +1 km long soil‐rockchip‐shallow drill hole gold anomaly, with broad, low grade gold (up to 0.5g/t gold) intercepts recorded.

“Whilst the main focus has been on the extensive Klondyke Shear zone over the last six months and increasing the overall resource by 74 per cent to its current 712,000 ounces, we have not forgotten about the significant exploration potential within our portfolio,” Calidus Resources managing director Dave Reeves said in the company’s announcement to the Australian Securities Exchange.

“This comprehensive regional study across Warrawoona has generated numerous high conviction prospects with several priority drill targets already identified.

“We are actively exploring these high‐quality targets and are currently accelerating our 50,000 metre drill program for the year.

“We look forward to providing ongoing details as results come to hand.”

 

Website: www.calidus.com.au