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Calidus reports Klondyke Drill Programme Extended
Calidus reports Klondyke Drill Programme Extended.
About this update from Keras Resources Plc
[{"type":"text","content":"\n \nRNS Number : 7588T Keras Resources PLC 17 October 2017 \n\nKeras Resources plc / Index: AIM / Epic: KRS / Sector: Mining\n17 October 2017\nKeras Resources plc ('Keras')\nCalidus reports Klondyke Drill Programme Extended \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 217.125m ordinary shares. Calidus has announced it has now received further assays at its flagship Warrawoona Gold Project located in the Pilbara of Western Australia. Based on these assays, Calidus has committed to a further 5,000m of drilling before the end of this year. \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 a further 241.25m ordinary shares in Calidus.\n \nSummary of Calidus' announcement:\n \n• Subsequent to receiving outstanding intercepts including 6m @ 63.31g/t Au from 49m in KLRC032 and 27m @ 5.85g/t Au from 90m in KLRC001, Calidus has committed to extending the original 10,000m drilling program to over 15,000m\n• A total of 15,611m has now been drilled at Klondyke and the high-grade satellite targets of Copenhagen, Coronation and Fieldings Gully\n• A further 5,000m drilling programme committed to target recently joint ventured Klondyke East area hosting strong gold-in-soil anomalies directly east of Klondyke \n• Significant gold intercepts grading greater than 10 gram-metres include:\n• 24m @ 2.52g/t Au from 82m in hole 17KLRC066 \n• 7m @ 5.29g/t Au from 30m in hole 17KLRC077\n• 18m @ 2.00g/t Au from 29m in hole 17KLRC074\n• ...