CAI 0.00% 11.5¢ calidus resources limited

Ann: Infill Drilling Results Increase Confidence in Resource, page-2

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    A 42-hole RC drilling programme representing 4,967m has recently been
    completed over the Warrawoona Gold Project in WA
    • 35 RC drill holes for 4,053m were completed over the current Klondyke Resource
    as part of an infill programme;
    • 7 RC drill holes for 914m were drilled into two regional targets that a truckmounted air-core rig was unable to access;
    • An initial batch of results have been received for 10 holes drilled into the western
    part of the Klondyke Resource, with results including:
    13m @ 1.58g/t Au from 28m
    12m @ 1.52g/t Au from 66m
    5m @ 2.85g/t Au from 2m
    7m @ 1.90g/t Au from 86m
    6m @ 2.06g/t Au from 71m
    • The infill drilling across the Klondyke deposit was undertaken to increase the
    reliability of the Resource and the mineralisation types inside the PFS open cut pit
    design as part of an ongoing strategy to de-risk the project;
    • Results have confirmed the grade continuity of the western portion of the current
    Klondyke Resource model. Results for the eastern portion are pending and will be
    released in due course;
    • A shallow costeaning programme of 8 costeans has also recently been completed
    across the Klondyke Resource area for confirmatory testing of the grade
    continuity and mineralisation types of outcropping mineralisation at surface.
    Assays are pending and will be released in due course;
 
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