Calidus Managing Director Dave Reeves said: “The dimensions of these soil anomalies are several orders of magnitude higher than the average background gold mineralisation values which is very encouraging at this early stage. We believe this supports the potential of the project to generate multiple near surface targets.” “Detailed geological mapping and drill testing under selected high-priority targets will be undertaken during the year.” With so much prospective real estate in the mix, Calidus is quickly closing in on the magical million ounce resource mark. The company is scheduled to announce an upgrade of its resource inventory in the December quarter this year, which will underwrite a PFS set down for completion in the first half of 2019.
CAI Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held