Keras Resources, the Australian gold mining company, it has completed the acquisition of the Klondyke gold project and the Haoma Mining NL right to mine and option to purchase agreement in the Pilbara region of Western Australia.
These transactions are part of the company's strategy to become a significant gold producer in Western Australia.
Managing director Dave Reeves said, "The completion of the Klondyke transaction is a significant milestone for the Company. The consolidation of the Warrawoona Greenstone Belt, through this transaction and the Haoma Right to Mine and Option to Purchase Agreement, has created the critical mass of mineralised lease area to underpin our intention to be to a stand-alone, owner-operated gold miner.
"We are making good progress with mapping and a small confirmatory drill programme and look forward to keeping shareholders updated with the progress at the Company's first 100% owned gold project."