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22 Oct 2019 | 09:53

Keras Resources hails 'strong' drilling results from Calidus Resources

Keras Resources said Calidus Resources, in which it currently holds a 33.71% stake, continued to see strong results from drilling the open pit at its Warrawoona gold project in Western Australia's Pilbara Region.

Drilling continued to deliver strong results from within the planned Klondyke open pit at highlighting more wide, shallow intercepts that confirmed the robustness of the planned open pit at the Warrawoona.

The results, which would be used to establish a measured resource, demonstrated that the mineralisation in the planned open pit at Klondyke is wide and continuous and outcrops at surface, said Russel Lamming, chief executive of Keras Resource.

'As well as the infill exploration programme, Calidus has an RC rig currently drilling greenfield targets 3km west of Klondyke; both programmes are aimed at extending mine life to enhance the previously-quoted PFS metrics,' he added.

At 9:53am: (LON:KRS) Keras Plc share price was 0p at 0.48p

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