Announcement Date: 2023-09-26
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Calidus Resources Ltd.
Project name: Bamboo Creek
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 3.05m at 83.5g/t Au from 252.07m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Calidus Resources Limited (Calidus) (ASX:CAI) is pleased to announce that a technical review has identified Bamboo Creek (or the Project) as having the potential to deliver high grade profitable ounces to the Warrawoona Gold Project (WGP). Bamboo Creek forms part of the recently announced Haoma Joint Venture (Haoma JV) (CAI 60%: Haoma 40%) and is a priority for Calidus due to the scale of the mineralised system, proximity to WGP, granted Mining Leases and potential to supply substantial tonnages of high grade ore to the Warrawoona processing plant. Most recent mining by Haoma was from a starter pit at Bulletin in 2004-2005. Mine permitting remains in place at Bulletin, and mineralisation is open along strike in both directions beyond the pit limits. Several other targets and opportunities have been identified, to be explored in parallel with detailed work now underway on Bulletin.
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