CAI 0.00% 11.5¢ calidus resources limited

Ann: Coronation High Grade Results and Klondyke Depth Extensions, page-14

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  1. 521 Posts.
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    Although I said not the best results, it's still encouraging grades but the intervals are where I think they could be. Working in a geology background I understand the potential for this deposit.(open cut mine) which is the most probable at this stage if a feasible deposit is defined. The strip ratios could prove to be different at more than 500 metres depth if the intervals and grade doesn't pick up. But thats assuming very far into the future. I still believe a feasible open pit deposit or a bunch of smaller open pits will be defined. The announcement is still a positive to me because mineralisation still extends down dip (500m). My first post was blunt but that's all due to the geology and due to the length that the hole goes to. The deeper we go the more the project will cost therefor it has to be feasible and worth it. Cheers
 
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