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High Grade Gold at Klondyke and KalNorth Update
High Grade Gold at Klondyke and KalNorth Update.
About this update from Keras Resources Plc
[{"type":"text","content":"\n \nRNS Number : 4126S Keras Resources PLC 20 December 2016 \n\nClick on or paste the following link into your web browser to view the associated PDF document:\nhttp://www.rns-pdf.londonstockexchange.com/rns/4126S_-2016-12-20.pdf\n \n \nKeras Resources plc / Index: AIM / Epic: KRS / Sector: Mining\n20 December 2016\nKeras Resources plc ('Keras' or 'the Company')\nHigh Grade Gold Intersected at Klondyke \nand Update to Tribute with KalNorth\n \nKeras Resources plc, the Australian gold mining company, is pleased to provide an update on assay results from the first two holes of the reverse circulation ('RC') drilling programme completed in November 2016 at the Company's 100% owned, flagship Klondyke Gold Project ('Klondyke') in the East Pilbara District of Western Australia ('WA').\n \nHighlights \n \n· First two holes drilled at the satellite Copenhagen deposit at Klondyke and assays for a further six holes on the main Klondyke trend are still pending \n· Holes drilled to date intersected thick, high grade gold mineralisation:\no Hole KKC001: 18m @ 6.3g/t gold ('Au') from 33m (incl. 6m @ 9.27g/t Au from 34m)\no Hole KKC002: 9m @ 6.9g/t Au from 49m (incl. 6m @ 9.47g/t Au from 49m)\n· Drilling designed to confirm known mineralisation ahead of resource drill programme planned for early 2017 to extend current JORC compliant mineral resource estimate of 5.6Mt at 2.08g/t gold ('Au') for 374,000oz\n· Potential for the discovery of additional mineralisation following anomalous footwall intercepts in KKC002 (3m @ 1.06g/t Au from 69m and 2m @ 0.16g/t Au at end of hole) - to be followed up in future work programmes\n· Rock sample results from recently completed mapping programme highlight potential for entire 7.5km strike length being mineralised - current resource confined to just 2km of the main 7.5km strike. Results include:\no 56g/t Au peak value at Copenhagen\no 10g/t Au samples at eastern and western extremities of main lease package, with multiple high grade assays between\n· Tribute with KalNorth Gold Mines Limited ('KalNorth') over the Lindsay's Project ('Lindsay's') deposit terminated, thi...