CAI 0.00% 11.5¢ calidus resources limited

jk1978 calls the deep drilling a damp squib, but 9g/t at 460m...

  1. 62 Posts.
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    jk1978 calls the deep drilling a damp squib, but 9g/t at 460m downhole sounds good to me! Basically means we have gold down to 1500 feet, and still open. Remember this stuff originates from 20-30km depth - plenty of future opportunity for deeper gold. The Copenhagen cross section shows current drilling including 6m @ 21.47g/t from 131m. I’d say disinterest in the shares at the moment is more to do with the gold price. Once the Chinese take control of the gold price & it stops being manipulated even the lowest grades of gold will be worth mining IMO. We have 2.11g/t from surface & with, I believe, 3 rigs on the go we should start seeing more results. I don’t think people realise just how big this will be, with hundreds of kilometres of open shears - all will be mineralised to some degree. GLA
 
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