Keras Resources (LON:KRS) – CORP: Klondyke Gold Project
Market Cap: £7.6m; Current Price: 0.5p
600m drill programme commences
Keras Resources has commenced a 600m drill programme at the Klondyke Gold Project, located in Australia. The drill programme is designed to confirm targets for a resource drill programme in early 2017.
Detailed mapping of the greater Klondyke area continues with visible gold observed in chip samples.
Keras’ management continue to assess additional growth opportunities in proximity of the project area.
NORTHLAND CAPITAL PARTNERS VIEW: Keras Resources is wasting no time commencing drilling at the Klondyke Gold Project within one month of acquiring the project. The Company is using this initial drill programme to finalise the plans for a resource expansion drill programme that will focus on increasing the JORC compliant mineral resource estimate of 374,000oz Au at a grade of 2.08g/t.