NEW ANNOUNCEMENT?, page-12

 "I look forward to reporting these results as they come to hand in the coming weeks"

Do you have the link to that paragraph. I remember reading that somewhere but can't find it.

Yes @MajorJohnny that is my thinking, results should be coming fairly soon. From memory I also read some here that the results of the core samples would not be ready till early next year. Sorry to be confusing.

What first interested me in Calidus was that Alkane Resources which I have shares in has bought 125M shares at 2.95cents representing  8.8% of Calidus.  

My thinking is Alkane obviously thinks Calidus has a lot of potential.

Strategic Investment in Calidus Resources

"About Calidus (www.calidus.com.au)

• Calidus is an ASX listed gold exploration company which controls the Warrawoona GoldProject centred 30km south-east of Marble Bar in the East Pilbara district of the PilbaraGoldfield in Western Australia.

• The Warrawoona Gold Project includes a 712,000 oz Resource @ 2.11g/t Au (as releasedby Calidus to the ASX on 18 December 2017).

• The project has very high exploration upside as mineralisation outcrops at surface at alldeposits and is open along strike and down dip at all deposits and many identified targetsnot yet tested.

• The surface mineralisation suggests that any initial mining operation will be open cut.

• The project has reached the position where it is ready to progress through feasibility.

• With existing cash reserves, funds from the Alkane placement and potentially throughthe exercise of Alkane’s options, Calidus is in a position to increase resources, testexploration targets and accelerate feasibility work.Investment Arrangement

• Alkane will subscribe for 125M ordinary shares via a placement at 2.95c/share($3,687,500 total consideration). The price was set near the 5-day VWAP leading to thetransaction.

• Post the acquisition of these shares Alkane will hold ~8.8% of Calidus on an undilutedbasis.

• Alkane will also be granted share options for 70M shares at 3.5c/share. These optionshave an expiry date of 1 November 2019.

Early days yet but Alkane's (ALK) involvement got me interested.

Warrawoona Resource 712,000 Ounces at 2.11 g/t Gold