StockMarketWire.com - Keras Resources has noted that its 30%-held Calidus Resources has started diamond drilling in parallel with the ongoing RC drill programme at its flagship Warrawoona gold project, located in the Pilbara of Western Australia. Calidus's 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.

Keras said that as previously announced, once an Indicated Resource of at least 500,000oz was declared, it would receive 241.25 million ordinary shares in Calidus, which will increase Keras's holding to ~50% of Calidus's total issued share capital based on the number of shares currently in issue.




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