Keras Resources PLC (AIM:KRS) Replacement: Calidus High-Grade Results

 

The following amendment has been made to the ‘Calidus Resources’ Coronation Prospect Delivers Further High-Grade Results’ announcement released on 12 October 2018 at 8.19 a.m. under RNS number 8685D. The correct Calidus share price is currently A$0.026.

Highlights

· Results from a recent 18-hole 2,278m step-out and infill RC drilling programme have intersected high-grade gold at the Coronation prospect approximately 12km west of the Klondyke Resource area

· Significant results include:

o 10m @ 4.69g/t Au from 57m in 18CRRC020

o 5m @ 4.48g/t Au from 35m in 18CRRC022

o 4m @ 5.30 g/t Au from 26m in 18CRRC014

o 2m @ 9.30g/t Au from 80m in 18CRRC013

o 3m @ 6.01g/t Au from 10m in 18CRRC018

o 7m @ 2.54g/t Au from 21m in 18CRRC012

o 3m @ 4.69g/t Au from 29m in 18CRRC022

o 2m @ 6.61g/t Au from 25m in 18CRRC016

 

Russell Lamming, Chief Executive Officer of Keras, commented, “These results continue to demonstrate both the quality of the Warrawoona Project and underpin the potential to build on the current Mineral Resource of 712,000 oz Au. With two drill rigs operating at the Klondyke and St George Shear sites, we expect further results as the Calidus team continues to push forward with the resource expansion ahead of 2019’s planned Pre-Feasibility Study. I look forward to reporting further updates in the coming months in tandem with development from our Manganese project in Togo which is currently undergoing a bulk sample.”

The information in this RNS has been extracted from the ASX announcement made by Calidus Resources Limited on 28 August 2018. To view a full version of the Calidus announcement, which includes figures and maps, please click here: https://www.calidus.com.au/investors/asx-announcements/. For more information on Calidus and Warrawoona, please visit www.calidus.com.au.

 

For further information please visit www.kerasplc.com

 


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