Calidus Resources (ASX:CAI) hits high grade gold zone within Felix discovery, WA

• Calidus Resources (CAI) identifies a high-grade gold zone within the Felix discovery at the Blue Spec project in Western Australia

• Assay results from the company’s maiden drilling program returned a peak intersection of six metres at 40 grams per tonne (g/t) gold

• Additionally, all but six of the 31 drill holes completed contained at least one significant intercept, with several holes containing multiples

• Follow up trenching and reverse circulation drilling is now being planned to better understand the mineralisation before undertaking deeper diamond drilling

• Calidus shares are up 11.3 per cent trading at 41.8 cents at 11:55 am AEDT

Read the article here