Calidus reports presence of high-grade gold at all its prospects, Keras Resources says
AIM- listed mineral resource company Keras Resources has announced that Calidus Resources, in which it has 217.25m shares, reported significant drilling results, confirming the presence of high-grade gold at all of its prospects located in the Pilbara region of Western Australia.
High-grade assays were found in all three core holes drilled at Klondyke, the company said, while wide high-grade mineralisation was confirmed in core drilling at the Copenhagen, Coronation and Fieldings Gully satellite deposits, all of which were within 10km of Klondyke.
Dave Reeves commented, "Calidus has successfully intersected multiple high-grade gold intercepts at all of their satellite deposits drilled to date, in addition to a wide high-grade zone in the middle of the Klondyke resource.
"This ongoing regional exploration in proximity to Klondyke continues to reveal encouraging results which provide further support for the potential for significant new discoveries and additional resource ounces at Klondyke and within the existing tenement portfolio. In light of these excellent results, Calidus has expanded the previously announced Klondyke East drilling to target extensions of the recently drilled Fieldings Gully and Copenhagen deposits with drilling due to commence at the end of this week.
"With drilling due to commence again imminently and the resource upgrade on track for delivery this year, Calidus continues to aggressively define this large, shear hosted gold project which they believe will support a stand-alone gold development in the future."