09/11/2018 - 07:41

Calidus drills high grade gold in the Pilbara

09/11/2018 - 07:41


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Calidus Resources has had further success with its infill and extensional resource drilling program at the Warrawoona gold project in the Pilbara. Encouraging intersections up to 6m @ 7.61g/t gold from 16m down-hole were returned from the St George Shear prospect, whilst results including 2m @ 20.84g/t gold from 88m down-hole and 6m @ 3.82g/t gold from 93m down-hole extended the Klondyke East prospect to over 600m of strike.

Calidus drills high grade gold in the Pilbara

ASX listed gold developer Calidus Resources has generated some significant high grade gold intersections from drilling at the St George Shear and Klondyke East prospects, within its Warrawoona gold project near Marble Bar in the eastern Pilbara region of WA.

Infill drilling for open pit resource definition at the St George Shear turned up numerous shallow high grade intercepts just 150m north of the main Klondyke mineral resource, which holds 654,000 ounces grading 2.06g/t gold.

Better results included 6 metres grading 7.61 grams per tonne from 16m down-hole, including 1m @ 40.64g/t gold and 8m @ 5.64g/t gold from 44m down-hole, which included separate metre intervals of 11.03g/t, 13.05g/t and 10.95g/t gold.

Another wide intersection returned 14m @ 1.77g/t gold from 35m down-hole.

All these new results will be incorporated into an update of the Warrawoona gold project mineral resources, expected in the first quarter of 2019.

At the Klondyke East prospect, up to 2km further east of the main Klondyke resource, new drill results show narrow intervals of high grade gold mineralisation.

Significant intercepts included 2m @ 20.84g/t gold from 88m down-hole, 6m @ 3.82g/t gold from 93m down-hole and 15 metres at nearly a gram to the tonne from 97m down-hole in separate drill holes.

Other results returned were 2m @ 7.29g/t gold from 66m down-hole and a metre grading 10.79g/t gold from only 2m down-hole in different drill holes.

Calidus Managing Director Dave Reeves said: “The ongoing multi-target drilling programmes at the Warrawoona gold project continue to be very successful … clearly showing that the project has considerable upside.”

“The high-grade tenor of the St George Shear intercepts is very encouraging especially considering its location … only 150m north of the Klondyke deposit. With … 60% of this area to report and the tenor of grade increasing to the west, I look forward to reporting … further results and the results of an initial diamond drill programme … targeting resources beneath the potential open pit at Klondyke.”

“… drilling is now complete with drill rigs now moving to complete geotechnical drilling and water bore drilling for the upcoming pre-feasibility study.”

The company also plans to commence a soil geochemical sampling program across its Warrawoona tenements in the coming week that is aimed at extending a number of regional gold-in-soil anomalies previously identified.


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