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Keras Resources Plc
Summary
| Project: | Warrawoona | |
|---|---|---|
| Deposit: | Copenhagen | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-2-2017: Keras Resources Plc announces a Resource Estimation report for its Copenhagen deposit at the Warrawoona project. Initial mineral resource estimate for Copenhagen deposit. Keras Resources plc is pleased to announce an initial Inferred Mineral Re | |
| Resources: | (Resource, Inf.): 5.8Mt @ 2.2g/t Au for 410000oz Au contained at project | |
| CP/QP: | [Resources]: Daniel Saunders (GeoServ Pty Ltd.) | |
| ABSTRACT: | Keras Resources plc is pleased to announce an initial Inferred Mineral Resource at the Copenhagen Deposit, which along with the Company’s flagship Klondyke Gold Project (‘Klondyke’), comprises the Warrawoona Gold Project (‘Warrawoona’) in the East Pilbara Gold Belt of the Pilbara Goldfield of Western Australia. Keras Managing Director Dave Reeves said: “In addition to adding an high-grade gold resource to our existing resource inventory at Warrawoona, today’s news also confirms our belief in the prospectivity of the wider project area as we target delineating over one million ounces of gold through further drilling. With only 300m of the known 6km of strike in the Copenhagen shear drilled, including an undrilled zone of high-grade mineralisation 3km along strike at the Coronation Project, we are keen to press on with further exploration work as soon as possible. “Being able to generate a high-grade resource so rapidly is one of the aspects that attracted us to the Warrawoona area. Having access to high-grade, open-pittable resources is a huge benefit for any potential mining development as it assists with rapid payback of the project. With this in mind, further exploration and development of Klondyke and the wider Warrawoona Project remains Keras’ short term strategic focus following the proposed ASX listing. We anticipate being in a position to announce further news on the ASX process in the near future.” | |
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