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KEFI Minerals Plc
Summary
| Project: | Hawiah | |
|---|---|---|
| Deposit: | Hawiah | |
| Location: | Saudi Arabia | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 1/23/2020 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-1-2020: KEFI Minerals Plc announces an Exploration/Drilling Update report for its Hawiah deposit at the Hawiah project. Drilling results incl. 12.6m @ 2.8% Cu, 0.1% Zn, 0.8g/t Au, 13.6g/t Ag from 73.0m. KEFI Minerals (AIM: KEFI), the gold exploration a | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jeffrey Rayner (Internal) | |
| ABSTRACT: | KEFI Minerals (AIM: KEFI), the gold exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, is pleased to announce that the initial drilling programme at the Company’s Hawiah prospect in Saudi Arabia (“Hawiah” or the “Hawiah deposit”) has demonstrated the continuous presence of massive sulphides directly below 4km of the gossanous Hawiah ridgeline. Drilling to date has confirmed that Volcanic Massive Sulphide ("VMS") style of mineralisation is the source of the extensive and exceptionally strong geophysical anomalies under the ridgeline and that the mineralisation contains copper, zinc, gold and silver. Further illustrative information is contained in Appendix One which may be accessed through the following link: http://www.rns-pdf.londonstockexchange.com/rns/6586A_1-2020-1-22.pdf Executive Chairman of KEFI, Mr Harry Anagnostaras-Adams, commented: “Hawiah drilling to date has consistently intercepted massive sulphides containing base and precious metals in the expected location below 4km of the gossanous ridgeline. “This drilling has already confirmed that Hawiah is a large VMS system that appears analogous to and larger than the Al Masane VMS mine in southern Saudi Arabia. “Excellent continuity over the 4km makes the Hawiah VMS mineralisation easy to drill out and ultimately to be amenable to straightforward underground mining. “We have already commenced the next phase of drilling which is likely to lead to an initial Mineral Resource estimate.” | |
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