StockMarketWire.com - Mineral resource company Keras said Tuesday that it would get a drilling plan underway after Calidus had identified a number of significant gold-in-soil anomalies across the Warrawoona gold project.

Keras is a significant shareholder of Calidus, with a current interest of 458m shares, representing approximately 35% of Calidus' total issued share capital.

As part of the 2018 soil sampling programme, many had identified mineral occurrences not drilled, and most targets remained open down dip and along strike, Keras said.

A drilling programme was planned to evaluate the most significant anomaly at Liberator prospect, where historic shallow exploration in the 1990s on the northern end of the prospect had discovered thick anomalous gold grades of 0.4 grams per tonne of gold from a depth of 40 meters.

'The identification of new gold-in-soil anomalies gives further credence to the potential to materially increase the size and scale of Warrawoona's current JORC compliant resource of 712,000oz,' said Russell Lamming, Chief Executive Officer of Keras.


At 8:40am: [LON:KRS] Keras Plc share price was +0.01p at 0.36p



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