Calidus scores multiple, high-grade gold hits in Pilbara
Calidus Resources have made multiple, high-grade drill hits at their Fielding’s Gully and Copenhagen prospects in W.A, which are shaping up as potential high-grade satellites to the company’s flagship resource on the Klondyke Shear in the East Pilbara.
The new intercepts released this week are the latest in a flood of positive drilling news from Calidus since it began drilling the Warrawoona Gold project in July.
At Fielding’s Gully, a total of nine holes for 596 metres were drilled as an initial test of an extensive gold anomaly defined by shallow drilling in the 1980s and 1990s. The best recent result was 16 metres at 3.52 g/t Gold from 71m down hole, including 1 metre at 10.85 g/t and 1 metre at 22.0 g/t.
Other solid results at Fielding’s Gully include 8m @ 3.97 g/t from just 22m and 11m @ 2.62 g/t from just 25m deep.
All nine holes intersected zones of quartz veining similar to that observed at the Klondyke Shear about 10 kms east.
At Copenhagen, a total of 16 holes for 1,186 metres were drilled to test for extensions along strike and a possible parallel lode. The best result was an impressive 18 metre intersection grading 4.35 g/t Gold from 46m down hole.
This hole included a 1m intersection grading 13.8g/t and 2m @ 11.41g/t Gold.
Calidus Managing Director, Dave Reeves, said the assay results from Fielding’s Gully drill program confirmed the presence of a large mineralised system over 300 metres of strike length.
He said, “Mineralisation outcrops and remains open along strike and at depth and will be followed up in future drill programs. At Copenhagen, the results show the main orebody is plunging to the east and remains open. We plan to systematically follow the plunge of this high-grade orebody down dip in the next drill campaigns.”
Warrawoona is a greenstone belt with dozens of small, historic mines that sprung up during a Gold rush in the Pilbara in the 1890s. Historic mined grades of 30g/t to 180 g/t were commonly reported in the area.
Calidus last year consolidated a contiguous package of tenements over Warrawoona and has been richly rewarded for bringing modern and systematic exploration to a package of tenements that have been combined for the first time.
The immediate focus of drilling activity has shifted to ground covering extensions of the Klondyke Shear, acquired under a new joint venture with Canada’s Novo Resources Corp.
Calidus are well funded for another aggressive drilling campaign after recently raising $10m through a heavily oversubscribed placement.
Calidus Resources (CAI)
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