Highlights30 Jul 2019 09:41
Intercepts of up to 107g/t to underpin Resource upgrade for Calidus
Second rig planned as part of expanded drilling program aimed at expanding mine life
HIGHLIGHTS
• Infill drilling inside and adjacent to the Pre-Feasibility Study (PFS) Klondyke open pit shells delivered outstanding results which include:
• 13m @ 11.1g/t Au from 30m, incl 1m @ 107.16g/t Au from 36m
• 13m @ 5.58g/t Au from 46m
• 10m @ 6.81g/t Au from 47m, incl 1m @ 50.77g/t Au from 49m
• 22m @ 2.13g/t Au from 19m
• 5m @ 3.16g/t Au from 126m
• As a sequential step following the positive results delivered in the PFS (announced 17 July 2019), emphasis has now been placed on upgrading the category of the resource to allow additional reserves to be declared
• The results will also provide detailed knowledge of the orebody for accurate grade modelling
• To achieve this, a 12,000m drilling programme is now underway