Keras Resources PLC Calidus Maiden Drill Results, Warrawoona Project (8112K)

TIDMKRS

RNS Number : 8112K

Keras Resources PLC

12 July 2017

Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining

12 July 2017

Keras Resources plc ('Keras')

High Grade Gold Intercepts from Maiden Drill Programme at Warrawoona Project

Keras Resources plc, the AIM listed mineral resource company, is pleased to provide an exploration update published by Calidus Resources Limited ('Calidus'), in which Keras holds a 31% interest. Calidus has reported that high-grade gold mineralisation across significant widths has been intercepted as part of the maiden exploration drill programme being conducted at its 100% owned Warrawoona Gold Project, located in the Pilbara region of Western Australia.

Highlights of Calidus' announcement:

   --      Significant gold intercepts grading greater than 10 gram metres include:

o 27m @ 5.85g/t Au from 91m in hole 17KLRC001 (incl. 1m @ 39.14g/t Au)

o 6m @ 4.75g/t Au from 11m in hole 17KLRC002

o 21m @ 1.28g/t Au from 23m in hole 17KLRC002

o 8m @ 3.58g/t Au from 49m in hole 17KLRC002

o 17m @ 1.03g/t Au from 117m in hole 17KLRC003

o 5m @ 3.12 g/t Au from 155m in hole 17KLRC003

o 7m @ 1.58g/t Au from 53m in hole 17KLRC004

o 9m @ 1.21g/t Au from 113m in hole in hole 17KLRC006

   --      Six RC drill holes received to date representing 826m 
   --      Part of a larger 10,000m programme

Calidus Managing Director (and Keras Director) Dave Reeves commented, "These initial drilling results reinforce our belief that Warrawoona has the potential to become one of Australia's next gold development projects. Initial drilling focused on the 'gap' zone, with an aim to link the two historical JORC resource areas. This programme has been facilitated by our recent consolidation of the tenements that cover the main Klondyke Shear.

"This is the first time in the history of the Belt that modern day exploration techniques have been applied by one owner across the entire tenement package. These results cover over half the strike of this gap area and with multiple intersections in every hole drilled, we are confident that this will allow for the resource to be defined over 3km in strike at the completion of this programme.

"Importantly, the deposit remains open along strike and down dip and when combined with the known satellite deposits provides significant potential upside for the project."

To view a full version of the Calidus announcement, which includes figures and maps, please click here: http://www.asx.com.au/asxpdf/20170712/pdf/43kl5yqbk1rvlh.pdf.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

**ENDS**

For further information please visit www.kerasplc.com, follow us on Twitter @kerasplc or contact the following:

 
Dave Reeves                     Keras Resources plc                  dave@kerasplc.com 
Nominated Adviser 
Gerry Beaney/David Hignell      Northland Capital Partners Limited   +44 (0) 20 3861 6625 
 
  Broker 
Elliot Hance/Jonathon Belliss   Beaufort Securities Limited          +44 (0) 20 7382 8415 
 Damon Heath/Erik Woolgar        Shard Capital Partners LLP           +44 (0) 20 7186 9952 
Tom Curran/Ben Tadd             SVS Securities Plc                   +44 (0) 203 700 0093 
Financial PR 
Susie Geliher/Charlotte Page    St Brides Partners Limited           +44 (0) 20 7236 1177

This information is provided by RNS

The company news service from the London Stock Exchange

END

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