LONDON (Alliance News) - Australian gold miner Keras Resources PLC on Monday said it has secured a further gold deposit under its tribute agreement with Paddington Gold Pty Ltd, a unit of Norton Gold Fields Ltd.
The new deposit covers the Royal Standard North area, located around 20 kilometres south of Keras's Grants Patch lease.
Keras will now start detailed grade control drilling at the project.
"The additional deposit added to the existing tribute agreement with Norton is located close to our existing operations and highlights the mutual benefits of the tribute agreement," said Keras Managing Director Dave Reeves.
Shares in Keras were flat at 1.15 pence Monday morning.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Keras Res (KRS)