{"id":1098372,"date":"2019-02-06T15:22:20","date_gmt":"2019-02-06T15:22:20","guid":{"rendered":"http:\/\/www.mining.com\/?p=968411"},"modified":"2019-02-06T15:22:20","modified_gmt":"2019-02-06T15:22:20","slug":"calidus-shares-soar-after-upping-warrawoona-gold-resources-by-75","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1098372","title":{"rendered":"Calidus shares soar after upping Warrawoona gold resources by 75%"},"content":{"rendered":"

Shares in Calidus Resources (ASX:CAI) soared 25% Wednesday after the company increased the mineral resource at its Warrawoona god project<\/a> in Western Australia\u2019s Pilbara region by a whooping 75%.<\/p>\n

The new mineral resource estimate now sits at 21.2 million tonnes grading 1.83g\/t gold for 1.25 million ounces.<\/p>\n

About 64% of the new resources is in the confident indicated category status, with the higher-grade component chiming in at 1.1 million ounces at 2.37g\/t gold.<\/p>\n

The new mineral resource estimate now sits at 21.2 million tonnes grading 1.83g\/t gold for 1.25 million ounces.<\/q><\/p>\n

The increase is a pre-requisite for the pre-feasibility study, which Calidus is targeting for completion in the September quarter.<\/p>\n

Calidus said the gold resources at Warrawoona remained open both at depth and along strike, with significant potential existing for further growth in resources in the project area.<\/p>\n

Russell Lamming, chief executive of Keras Resources, which own 32.3% of Calidus, said work on the pre-feasibility study was ongoing and due for completion in the third quarter of 2019. Drilling is planned for new prospects to grow the resource further.<\/p>\n

\u201cThere is obvious opportunity to grow the mineral resource along strike and at depth, plus we will evaluate and test a number of regional prospects in 2019, which have excellent potential to generate shallow ounces that could be included within our overall mineral resource inventory,\u201d added Calidus managing director, Dave Reeves.<\/p>\n

Calidus closed up A0.3\u00a2, or 25% in Sydney on Wednesday.<\/p>\n

The post Calidus shares soar after upping Warrawoona gold resources by 75%<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Total mineral resource was upgraded to 21.2 million tonnes at 1.83g\/t gold for 1.25 million ounces, up 75% from December 2017.<\/p>\n

The post Calidus shares soar after upping Warrawoona gold resources by 75%<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[404,369],"tags":[15,48],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1098372"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1098372"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1098372\/revisions"}],"predecessor-version":[{"id":1098384,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1098372\/revisions\/1098384"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1098372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1098372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1098372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}