- Mineral resource company Keras Resources said partly-owned subsidiary Calidus confirmed further high-grade results from its Coronation prospect.

Drilling at the Coronation target delivered 3.84 grams per tonne of gold over a 10 metre section and 2.22 grams per tonne of gold over an 8 metre section.

Rock chips of up to 114.7 grams per tonne of gold were recorded on the surface at Coronation, the company added.

Drilling at Klondyke was extended beyond previous drilling to a 370 metre depth and yielded 6.01 grams per tonne of gold over a 2 metre section.

Klondyke RC resource drill out was progressing well, and the first results are expected within 4 weeks, the company said.

'With a target of defining a JORC Compliant resource of +1 million ounces by the end of 2018, and consistently encouraging exploration results such as these reported today, we are confident in Calidus' ability to deliver PFS for a 100,000oz/pa mining project at Warrawoona,' Russell Lamming, Chief Executive Officer of Keras.

At 10:00am: [LON:KRS] Keras Plc share price was +0.03p at 0.4p

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