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Keras Resources Plc
Summary
| Project: | Warrawoona | |
|---|---|---|
| Deposit: | Klondyke | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/9/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-1-2017: Keras Resources Plc announces an Exploration/Drilling Update report for its Klondyke deposit at the Warrawoona project. Drilling results incl. 90m @ 1.34g/t Au from 0m. Keras Resources plc, the Australian focused gold mining company, is pleased | |
| Resources: | (Resource, Inf.): 5.6Mt @ 2.08g/t Au for 374000oz Au contained at Klondyke | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Keras Resources plc, the Australian focused gold mining company, is pleased to announce that drilling has confirmed historic intercepts at its 100% owned, flagship Klondyke Gold Project (‘Klondyke’ or the ‘Project’) in the East Pilbara District of Western Australia (‘WA’). This follows the receipt of assay results for the remaining six holes of the reverse circulation (‘RC’) drilling programme completed in November 2016, which returned high-grade gold intersections. Keras Managing Director Dave Reeves said, “Our maiden drill programme at the Klondyke Gold Project has confirmed that gold mineralisation of substantial thickness commences at surface along parts of the Klondyke trend. It is important to note that our drilling tested only 1.4km of the 7.5km trend and that historic drilling did not test the full trend. Rock samples collected from the Klondyke horizon during the recent mapping programme returned anomalous levels of gold along parts of the trend not tested by historic drilling, defining targets for further work. In addition to the wide, high-grade gold intercepts returned in two holes drilled under the small Copenhagen pit, the results of drilling and sampling along the Klondyke trend emphasise the considerable potential of our flagship project. "Drill samples are currently being analysed by screen fire assay to provide more accurate gold grades. Once we have these results, planning for the 2017 drill programme, which aims to expand the current resource estimate of 5.6Mt at 2.08g/t Au for 374,000oz, will be finalised. I look forward to reporting the results of screen fire analysis in due course and providing updates on the next phase of exploration at Klondyke.” | |
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