An updated resource estimate for Caldas Gold’s Juby gold project in Ontario, 15 km from Gowganda, features two open pit deposits, with a total of 21.3 million indicated tonnes grading 1.13 g/t gold, and 47.1 million inferred tonnes at 0.98 g/t gold.

According to Caldas, this latest estimate has been updated to account for current regulatory requirements, such as including only in-pit resources and also accounts for drilling completed in 2018. The figures above, which include a total of 773,000 gold oz. in the indicated category and 1.5 million inferred oz., compare with the prior resource from 2014, which defined 1.1 million measured and indicated oz. at 1.28 g/t gold, and 2.9 million inferred oz., at 0.94 g/t gold.