StockMarketWire.com - Keras Resources said Calidus Resources has announced significant diamond drilling results which confirm the presence of high-grade gold at all of its prospects located in the Pilbara of Western Australia.

Calidus to commence an accelerated drilling programme imminently.

In addition, a tenement application located contiguous to the current Novo Resources Corp (Novo) JV tenements has been added to the JV arrangement. Highlights:

- Visible gold observed during geological logging confirmed by high-grade assays in all three core holes drilled at Klondyke;

- Wide high-grade mineralisation confirmed in core drilling at the Copenhagen, Coronation and Fieldings Gully satellite deposits, all within 10km of Klondyke;

- Significant intercepts include:

* Klondyke 17KLDD001: 25m @ 3.41g/t Au from 88m

* Copenhagen 17CPDD001: 6m @ 7.74g/t Au from 70m 17CPDD002: 4m @ 7.46g/t Au from 56m

* Coronation 17CRDD001: 10m @ 3.31g/t Au from 108m

* Fieldings Gully 17FGDD001: 10m @ 9.68g/t Au from 85m

- Preparations for extensional drilling at Klondyke East, Fieldings Gully and Copenhagen commenced, aim to complete by end of year; and

- Further tenement application with extensive soil anomaly added to the Novo JV.

Keras currently holds a 217.25m shares in Calidus, which will increase to 723.75m shares as and when Calidus meets certain exploration milestones.






Story provided by StockMarketWire.com