Cai Calidus Resources

Warrawoona to accelerate with new Calidus COO

Matt BirneySponsored

Tuesday, 12 March 2019 11:01AM

Calidus Resources has appointed Paul Brennan as its Chief Operating Officer to assist with the development of its flagship Warrawoona gold project in WA, which is moving towards the release of a pre-feasibility study in the third quarter of this year.

Well credentialled, Mr Brennan is a mining engineer with more than 20 years’ experience and was most recently the General Manager of Saracen Mineral Holdings’ Carosue Dam gold mine in WA, where he was responsible for the management of production, safety and financial reporting.

He has also served in engineering and senior management roles at GoldFields’ St Ives gold mine in the Eastern Goldfields.

Calidus is planning to recommence drilling of untested regional anomalies in the next two weeks.

This drilling will examine the potential for higher-grade satellite deposits that could form part of initial ore feed for a future mine development.

The company is also examining the use of airborne and ground-based geophysical surveys to better define RC drilling targets on the important Klondyke shear zone, where low magnetic responses are thought to be indicative of gold mineralisation.

Last month, Calidus upgraded the mineral resource estimate at Warrawoona by 75% to 21.2 million tonnes grading 1.83g/t gold for 1.25 million ounces of gold.

Importantly, 64% of the new resources sit in the higher confidence Indicated category status whilst the higher-grade component of the resource chimes in at 1.1 million ounces with a very respectable 2.37g/t gold.

According to the company, the gold resources at Warrawoona remain open both at depth and along strike, with significant potential existing for further growth in resources in the project area.