High grade gold down to 700 feet now (in old money ;-) ) This is...

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Sweet100

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27/09/18

21:56

Post #: 35894129
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Originally posted by MajorJohnny ↑

CAI Calidus Resources , announcement confirms there is alot of news on the way and soon . The SP was trading around 0.049 in April . Trading Bots may need adjusting . Some Highlights Below .

Copenhagen Delivers Shallow, Thick High Grade Gold Mineralisation

HIGHLIGHTS
• Results from a recent 8-hole step-out and infill RC drilling programme have intersected high-grade gold at the Copenhagen deposit 10kms west of the Klondyke resource. Significant results include:
• 10m @ 12.85g/t Au from 117m (incl 4m @ 29.20g/t Au) in 18CPRC024;
• 5m @ 4.55g/t Au from 160m in 18CPRC029;
• 2m @ 5.77g/t Au from 87m in 18CPRC026;
• 1m @ 6.94g/t Au from 165m in 18CPRC027; • 6m @ 3.96g/t Au from 206m in 18CPRC031

• RC resource drilling recently completed at Coronation with assays awaited • RC drilling with two rigs continuing at both Klondyke East and St Georges; • Diamond core drilling underway beneath current Klondyke pit targeting an interpreted +1km long high-grade zone;

Calidus Managing Director Dave Reeves commented, “Drilling at Klondyke is well underway with three rigs in operation. These drilling results from Copenhagen confirm the high-grade nature of the orebody with the mineralisation still open down plunge. With this phase of drilling complete, the Copenhagen resource will be updated as part of planned resource upgrade for the wider Warrawoona Project.

Diamond drilling is also underway at Klondyke targeting an 800m long continuous structure lying at the base of the current pit design. Previous results indicate a highgrade structure centred in a chert marker unit. Diamond drilling allows elective sampling of this unit and adjacent units to be undertaken to give a first indication of the down-dip potential of Klondyke.

Two RC rigs are continuing resource expansion drilling at Klondyke East and the St George Shear and I look forward to reporting results from this multi-pronged approach in the near future”.

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High grade gold down to 700 feet now (in old money ;-) )
This is all shaping up nicely!
GLA

CAI Price at posting: 3.0¢ Sentiment: Buy Disclosure: Not Held
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0 Great analysis

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