Announcement Date: 2022-11-28
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Calidus Resources Ltd.
Project name: Blue Spec
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 41m at 2.37g/t Au, from 32m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Calidus Resources Limited (Calidus (ASX:CAI)) is pleased to announce the results from a batch of high-priority assays from two drill holes of the maiden drilling program on E46/10261 , west-southwest of the Blue Spec mine in WA’s Pilbara region. The drilling program comprises widely spaced scout holes to test about 2km strike length of a zone of strong gold-in-soil anomalies extending for more than 3km along strike associated with the Blue Spec Fault Zone2 . Owing to the hilly topography, a smallfootprint rig is being used for the maiden program. The gold-in-soil anomalies are coincident with a mapped halo of carbonate alteration and an inner envelope of hematite alteration. Assays of >0.5 g/t Au largely correspond with logged zones of fine disseminated pyrite and thin quartz veins in sandstone.
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