Calidus Resources Identifies new Warrawoona Drill Targets

THE DRILL SERGEANT: Calidus Resources (ASX: CAI) has identified several gold-in-soil anomalies across the Warrawoona gold project, located in the Pilbara of Western Australia.

Calidus Resources is currently in the middle of a large resource infill and extension program across the Warrawoona project in the coming months.

The company said the recently-identified gold-in-soil anomalies add new walk-up drill targets with potential to add further scale to the project where there has been limited regional exploration activity over the past 30 years.

By using modern exploration techniques to define new prospects, Calidus has identified multiple new mineral occurrences that remain untested, with most targets remaining open along strike.

The company has a RC drilling program planned to initially evaluate the most notable anomaly at the Liberator prospect.

“We are delighted to announce the results of our maiden soil geochemistry program,” Calidus Resources managing director Dave Reeves said in the company’s announcement to the Australian Securities Exchange.

“The 2018 soil sampling program has been effective in refining known gold prospects and defining previously unknown gold-in-soil anomalies within the project area.

“The dimensions of these soil anomalies are several orders of magnitude higher than the average background gold mineralisation values which is very encouraging at this early stage.

“We believe this supports the potential of the project to generate multiple near surface targets.

“Detailed geological mapping and drill testing under selected high-priority targets will be undertaken during the year.”

 

Email: info@calidus.com.au

Website: www.calidus.com.au