Business
Calidus Reports High-Grade Intercepts
Calidus Reports High-Grade Intercepts.
About this update from Keras Resources Plc
[{"type":"text","content":"\n \nRNS Number : 1265O Keras Resources PLC 16 August 2017 \n\nKeras Resources plc / Index: AIM / Epic: KRS / Sector: Mining\n16 August 2017\nKeras Resources plc ('Keras')\nCalidus Reports High-Grade Intercepts including: 6m @ 63.31g/t Au (incl 2m @ 182.57g/t Au)\n \nKeras Resources plc, the AIM listed mineral resource company, is pleased to provide an exploration update following an announcement published by Calidus Resources Limited ('Calidus'), in which Keras holds a 31% interest. Calidus continues to intercept gold mineralisation across significant widths at its flagship Warrawoona Gold Project, located in the Pilbara of Western Australia.\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[1], which will increase Keras' holding to ~50% of Calidus' total issued share capital based on the number of shares currently in issue.\n \nHighlights of Calidus' announcement:\n \nSignificant gold intercepts grading greater than 10 gram-metres include:\n \n· 6m @ 63.31g/t Au (incl 2m @ 182.57g/t) from 49m in hole 17KLRC032 \n· 12m @ 3.73g/t Au (incl 1m @ 26.98g/t) from 40m in hole 17KLRC038\n· 9m @ 4.56g/t Au (incl 1m @ 30.67g/t) from 3m in hole 17KLRC031\n· 33m @ 1.09g/t Au from 23m in hole 17KLRC034\n· 14m @ 2.06g/t Au (incl 1m @ 12.24g/t) from 104m in hole 17KLRC023\n· 25m @ 1.03g/t Au from 46m in hole 17KLRC039\n· 24m @ 1.06 g/t Au from 23m in hole 17KLRC027\n· 17m @ 1.43g/t Au from 80m in hole ...