Calidus Resources completes initial review of land holdings

Keras Resources has announced that Calidus Resources, in which Keras currently holds 217.25m shares, has completed an initial review of its recently expanded land holdings and generated numerous high priority gold targets.

The AIM-listed exploration and development company also announced the appointment of an Experienced Exploration Manager, Mr Brenton Siggs appointed by Calidus, in order to accelerate the review of extensive holdings as well as priority shear and conglomerate targets.

Dave Reeves commented: "I am very pleased to report on the on-going regional exploration activities of Calidus. With a growing resource base at Klondyke, to have such a suite of exciting regional projects highlights the large potential of this area. With the assistance of the CSIRO, Calidus are getting a clearer picture of oreshoot control and methods that will allow them to rapidly and inexpensively explore the majority of their landholding.

"This, combined with extensive conglomerate outcrops, which are readily accessed from existing roads, provides Calidus with numerous high ranking targets for the year ahead. With such a large amount of opportunity, Calidus has recently employed Brenton Siggs, a highly experienced Exploration Manager, to accelerate regional greenfields exploration of the wider tenure, whilst the current team continue to focus on resource expansion around known deposits."