Search Share Prices
Keras upbeat on recent drilling at Copenhagen and Fieldings Gully
Mineral resource company Keras Resources updated the market on Wednesday, following an announcement published by Calidus Resources.
The AIM-traded firm said Calidus announced a drilling update based on results from a further 15 reverse circulation drill holes at its emerging Copenhagen and Fieldings Gully satellite deposits, located within its Warrawoona Gold Project, 20 kilometres south of Marble Bar in the Pilbara District of Western Australia.
It said significant intercepts included 2m at 17.99 g/t Au from 122 m in hole 17CPRC017, 6m at 21.47 g/t Au from 131 m in hole 17CPRC017, and 4m at 9.57 g/t Au from 110 m in hole 17CPRC018.
The highlighted intercepts also included 1m at 13.81 g/t Au from 94 m in hole 17CPRC020, 1m at 38.10 g/t Au from 141 m in hole 17CPRC021, and 7m at 5.66 g/t Au from 63 m in hole 17FGRC013.
Results at Copenhagen showed high-grade down plunge potential, Keras added.
"The latest high-grade results continue to highlight that the underexplored Warrawoona area is emerging as a significant gold project within the Pilbara region of Western Australia," said Keras director Dave Reeves.
"Calidus decided to rapidly follow-up outstanding assays at Fieldings Gully and Copenhagen, drilled late last year and results continue to impress at both deposits.
"The Fieldings Gully and Copenhagen prospects contain significant potential to further grow the project's mineral resource base and Calidus will be undertaking further drilling in Q2 to target this outcome."