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Keras Resources welcomed news that Calidus Resources, of which it held a 32% stake, had recorded 'outstanding' first assay results from drilling at the Warrawoona gold project in Western Australia state.
Shallow, high-grade gold was intersected across the Klondyke Shear up to 5 kilometres west of the current 1.15m ounce Klondyke resource at Warrawoona.
Highlights included intersecting 8 metres at 8.06 grams per tonne of gold from 56 metres.
At 2:48pm: (LON:KRS) Keras Plc share price was +0.03p at 0.38p