Calidus WA gold project

Calidus uncovers ‘compelling’ gold anomalies from Blue Spec soil survey

Calidus Resources (ASX:CAI) reports that the results of a recent soil sampling program show potential for additional gold deposits along strike to the west of its Blue Spec and Gold Spec deposits.

A total of 1,115 samples were collected over three areas on E46/1026 – a main zone on a 200m x 40m grid and two smaller areas on 100m x 50m grids.

A zone of strong gold-in-soil anomalism has been defined over more than 3km strike length within the Blue Spec Fault Zone.

The Blue Spec and Gold Spec deposits are currently the subjects of a feasibility study that is expected to be released in the September quarter. The Blue Spec Feasibility Study contemplates a new underground mine targeting existing resources below the historic Blue Spec and Gold Spec underground workings.

Commenting on the recent results, Calidus Managing Director Dave Reeves said: “These results clearly demonstrate that there is potential for additional gold deposits along strike to the west of the Blue Spec and Gold Spec deposits.

“These results clearly demonstrate that there is potential for additional gold deposits”

Our exploration team is now on the ground following up these anomalies with on ground mapping and sampling to enable a drill programme to be designed in the near future.

Exploration Licence Blue Spec West E46/1026 is located about 11km east-northeast of the township of Nullagine, in the east Pilbara region.

Calidus reports that the tenement is considered prospective for mineralisation like that at the Blue Spec mine, which is less than 5km to the east of E46/1026. The absence of any historic stream sediment and soil sampling and drilling on E46/1026 means that the potential of the tenement is largely untested.

Images: Calidus Resources Limited
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Written By Adam Orlando
Mining.com.au Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.