Warrawoona Gold Project in the emerging Pilbara Goldfield of Western Australia.
The Warrawoona Gold Project:
- has a global resource of 10.5Mt @ 2.11g/t Au for 712,000 ounces
- mineralisation outcrops at surface at all deposits and is open along strike and down dip at all deposits
- the majority of the resource is located at the Klondyke Prospect where the resource is defined from just 2km of the main 7.5km strike length identified;
- over 38km of untested outcropping shears provides large blue sky upside;
- the Klondyke Prospect has a current 2012 JORC Code compliant Inferred Resource of 9.9Mt at 2.06g/t Au for 654,000 ounces and includes 532,000 ounces in the Indicated Category;
- the Copenhagen Prospect has a current 2012 JORC Code compliant Inferred Resource of 180,000t @ 6.1g/t Au for 36,000 ounces;
- the Fieldings Gully Prospect has a current 2012 JORC Code compliant Resource of 0.4Mt @ 1.65g/t Au for 22,000 ounces;
- mineralisation generally comprises thick sub-vertical shear zones potentially amenable to low cost open-pit mining with mineralisation outcropping at surface;
Location and Tenements
The Warrawoona Gold Project is situated in the East Pilbara district of the Pilbara Goldfield of Western Australia, approximately 150km south east of Port Hedland and approximately 25km south east of the town of Marble Bar.
Historically fragmented ownership has held back development of the area. Calidus now controls the entire Warrawoona Greenstone Belt with a total of 363 sq km under its control.
The mining leases comprising the Klondyke Prospect lie within the Warrawoona Gold Project, one of the oldest greenstone belts within the Pilbara Craton.
The Klondyke Prospect is located approximately 70km from Bamboo Creek and 90km from Millennium Minerals , where excess processing capacity may be available if a tolling option is pursued and agreed.
Independent consultant Widenbaar and Associates completed a resource update in December 2017 to derive a 2012 JORC compliant total Resource of 10.5Mt @ 2.11g/t Au for 712,000 ounces (announced by the Company on 18 December 2017).
The resource is currently defined over 2.6km of strike and is open along strike and down dip. Drilling in 2018 will target both the along strike extensions and down dip potential of this large mineralised system that outcrops at surface.
The main Klondyke shear hosts extensive old workings and has been traced for over 7.5km in length highlighting the large upside of this structure.
The Company controls numerous other tenements to the west of the Klondyke prospect that contain numerous historic workings and known prospects. The tenements are largely untested and contain highly prospective geology. Key targets are centred on the historical Fieldings Gully, Coronation and Copenhagen mines.
Historical deposits that require follow up include:
Copenhagen – High grade near surface resource
Historical mine located 10km from the Klondyke Prospect hosting a 2012 JORC Code compliant Inferred Resource of 0.2Mt @ 6.1 g/t Au for 36,000 ounces. The prospect remains open along strike and down dip.
Historical mine located 12.5km from the Klondyke Prospect 3km along strike from Copenhagen. No resource has been calculated, significant intercepts that require follow-up include
- 9m @ 5.21 g/t from 9m
- 8m @ 7.64 g/t from 64m
- 3m @ 16.67 g/t from 16m
- 12m @ 7.98 g/t from surface
- 4m @ 5.71 g/t from 12m
- 2m @ 31.5 g/t from 30m
The Fieldings Gully historical mine is located 15km from the centre of the Klondyke area hosts a 2012 JORC Code compliant Resource of 0.4Mt @ 1.65 g/t for 22,000 ounces. The prospect remains open along strike and down dip.