Keras Resources PLC Calidus announces high grade intercepts (4371D)
January 31 2018 - 2:00AM
UK Regulatory
TIDMKRS
RNS Number : 4371D
Keras Resources PLC
31 January 2018
Keras Resources plc / Index: AIM / Epic: KRS / Sector:
Mining
31 January 2018
Keras Resources plc ('Keras')
Calidus announces high grade intercepts at Warrawoona
Keras Resources plc, the AIM listed mineral resource company, is
pleased to provide an update following an announcement published by
Calidus Resources Limited ('Calidus'). Calidus has announced a
drilling update based on results from a further 15 reverse
circulation (RC) drill holes at its emerging Copenhagen and
Fieldings Gully satellite deposits, located within its Warrawoona
Gold Project, 20kms south of Marble Bar in the Pilbara District of
Western Australia.
HIGHLIGHTS
-- Significant intercepts include:
o 2m @ 17.99 g/t Au from 122 m in hole 17CPRC017
o 6m @ 21.47 g/t Au from 131 m in hole 17CPRC017
o 4m @ 9.57 g/t Au from 110 m in hole 17CPRC018
o 1m @ 13.81 g/t Au from 94 m in hole 17CPRC020
o 1m @ 38.10 g/t Au from 141 m in hole 17CPRC021
o 7m @ 5.66 g/t Au from 63 m in hole 17FGRC013
-- Results at Copenhagen show high-grade down plunge potential
Dave Reeves commented, "The latest high-grade results continue
to highlight that the underexplored Warrawoona area is emerging as
a significant gold project within the Pilbara region of Western
Australia. Calidus decided to rapidly follow-up outstanding assays
at Fieldings Gully (16m @ 3.52g/t Au) and Copenhagen (18m @ 4.35g/t
Au) drilled late last year and results continue to impress at both
deposits. The Fieldings Gully and Copenhagen prospects contain
significant potential to further grow the project's Mineral
Resource base and Calidus will be undertaking further drilling in
Q2 to target this outcome."
To view a full version of the Calidus announcement, which
includes figures and maps, please click here:
https://www.investi.com.au/api/announcements/cai/60e47cc9-3ef.pdf
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
**ENDS**
Keras currently holds a 458.375m shares in Calidus, which will
increase to 723.75m shares as and when Calidus issues a successful
PFS at Warrawoona. It is the intention of Keras to in-specie
distribute these shares to Keras shareholders at the appropriate
time when this is achieved.
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/Jamie Spotswood Northland Capital Partners Limited +44 (0) 20 3861 6625
Broker
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
DRLWGURGGUPRUQG
(END) Dow Jones Newswires
January 31, 2018 02:00 ET (07:00 GMT)
Keras Resources (LSE:KRS)
Historical Stock Chart
From May 2024 to May 2024
Keras Resources (LSE:KRS)
Historical Stock Chart
From May 2023 to May 2024