Search

Calidus highlights wide outcropping gold at Warrawoona

Calidus Resources has completed a review confirming that wide, surface outcropping gold mineralisation will be available from the start of any potential open pit mining operation at its Warrawoona gold project in the Pilbara, WA.

The review included the reprocessing of historical trenching results across the Klondyke resource area that returned top results of 25 metres grading 1.76 grams per tonne gold including 1m @ 9.77g/t gold, 32m @ 1.15g/t gold, 12m @ 2.24g/t gold and 15m @ 1.37g/t gold.

Selective channel and rock chip sampling following the trenching program also returned high-grade results including 130g/t gold, 64g/t gold and 44g/t gold.

Calidus recently upgraded its JORC mineral resource estimate at Warrawoona by 75% to 21.2 million tonnes grading 1.83 g/t gold for 1.25 million ounces.

It has since started exploration drilling to locate additional resources in the broader project area, which is largely untouched by modern exploration despite a long history of high-grade gold discoveries in the region.

Managing Director Dave Reeves said: “The historic surface sampling programme has clearly demonstrated the significant widths of outcropping mineralisation that are present at Klondyke.”

“Calidus plans to infill these shallow results to establish a picture of continuous surface mineralisation.”

“With regional exploration drilling continuing, IP surveys commencing and planned trenching and infill drilling of the existing resource to commence shortly, we are moving quickly to grow the 1.25Moz Resource at Warrawoona.”

Other activities the company is planning to carry out include the completion of a ground IP survey over the Klondyke gold resource and geological mapping and sampling of high priority Klondyke extensional and regional targets.

Calidus is also planning to complete a water exploration program and finalise all metallurgical test work for the pre-feasibility study, which is expected in the September quarter of 2019.

In addition, the company is looking to complete environmental base-line surveys that will allow it to start the permitting process.

 

Add your comment

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Top 10 Shareholders

Substantial shareholders as published in the annual report.
Source: Morningstar

BNiQ Disclaimer