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Calidus reports 2.6km of continuous mineralisation
Calidus reports 2.6km of continuous mineralisation.
About this update from Keras Resources Plc
[{"type":"text","content":"\n \nRNS Number : 9401P Keras Resources PLC 06 September 2017 \n\nKeras Resources plc / Index: AIM / Epic: KRS / Sector: Mining\n6 September 2017\nKeras Resources plc ('Keras')\nCalidus Reports mineralisation defined over 2.6km continuous strike\n \nKeras Resources plc, the AIM listed mineral resource company, is pleased to provide an update following an announcement published by Calidus Resources Limited ('Calidus'), in which Keras holds a 30% interest. Calidus has announced it has now received all assays for the 'Gap\" Zone at its flagship Warrawoona Gold Project located in the Pilbara of Western Australia and the results confirm that continuous mineralisation and width now extends for 2.6km of strike and is open at depth and along strike in both directions. \n \nCalidus' current drilling campaign is intended to support a significant resource upgrade in Q4 2017 with a large portion of this updated resource estimate forecast to be in the Indicated category. As previously announced, once an Indicated Resource of at least 500,000oz is declared, Keras will receive 241.25m Ordinary Shares in Calidus, which will increase Keras' holding to ~50% of Calidus' total issued share capital based on the number of shares currently in issue.\n \nSummary of Calidus' announcement:\n \nSignificant gold intercepts grading greater than 10 gram-metres include:\n• 17m @ 2.54g/t Au (incl 1m @ 10.32g/t) from 212m in hole 17KLRC057 \n• 23m @ 1.65g/t Au from 77m in hole 17KLRC041\n• 8m @ 4.68g/t Au (incl 2m @ 10.73g/t) from 94m in hole 17KLRC054\n• 14m @ 2.06g/t Au from 30m in hole 17KLRC044\n• 6m @ 4.30g/t Au (incl 1m @ 13.24g/t) from 149m in hole 17KLRC045\n• 15m @ 1.70g/t Au from 138m in hole 17KLRC048\n• 9m @ 2.67 g/t Au (incl 1m @10.18g/t) from 47m in hole 17KLRC044\n• 7m @ 2.77g/t Au from 159m in hole 17KLRC046\n• &nb...