Big gold boost for Calidus

THE market has reacted well to Calidus Resources delivering a 75% increase in gold resources to 1.25 million ounces at its Warrawoona exploration project near Marble Bar in Western Australia, with the resources to be incorporated into a pre-feasibility study set for completion in the third quarter of this year.

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Warrawoona

The 21.2 million tonnes grading 1.83 grams per tonne includes a "high grade component estimated to contain" 14.6Mt at 2.37gpt for 1.1Moz - including an "outcropping" 800,000oz at 2.2gpt.

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