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Calidus Resources Announces Drilling Results
Calidus Resources Announces Drilling Results.
About this update from Keras Resources Plc
[{"type":"text","content":"\n \nRNS Number : 7594G Keras Resources PLC 08 November 2018 \n\nKeras Resources plc / Index: AIM / Epic: KRS / Sector: Mining\n8 November 2018\nKeras Resources plc ('Keras' or the 'Company')\nCalidus Resources Announces Further High-Grade Drilling Results Across Warrawoona\n \nKeras Resources plc, the AIM listed mineral resource company, notes the announcement released by Calidus Resources Limited (ASX:CAI) ('Calidus'), which returned significant high-grade drilling results from the St George Shear and Klondyke East prospects. These results highlight the ability to extend Calidus' current Resource area at the Warrawoona Gold project in the Pilbara in Western Australia. The results make up a larger resource infill and extension programme which is aiming to develop Calidus' current 712,000oz resource and support the expected delivery of a pre-feasibility study ('PFS') in 2019.\n \nKeras currently has 458m shares in Calidus, representing approximately 32.3% of the current issued share capital of Calidus. On successful completion of the aforementioned PFS, an additional 265m performance shares of Calidus ('Performance Shares') owned by Keras will be converted into ordinary shares of Calidus. \n \nHIGHLIGHTS\n \nInfill drilling for open-pit resources at the new high-grade gold zone St George, 150m North of the Klondyke Main resource, has returned significant intercepts including:\n \n• 6m @ 7.61g/t Au (incl 1m @ 40.64g/t Au) from 16m in 18SGRC031\n• 8m @ 5.64g/t Au (incl 1m @ 11.03g/t Au, 1m @ 13.05g/t Au & 1m @ 10.95 g/t Au) from 44m in 18SGRC032\n• 14m @ 1.77g/t Au from 35m in 18SGRC047\n• 2m @ 10.23g/t Au (incl 1m @ 18.91 g/t Au) from 91m in 18SGRC050\n \nKlondyke East in-fill drilling has returned the following significant intercepts:\n \n• 2m @ 20.84g/t Au (incl 1m @ 40.51 g/t Au) from 88m in 18KLRC152\n• 6m @ 3.82g/t Au from 93m in 18KLRC148\n• 15m @ 0.97g/t Au from 97m in 18KL...