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KEFI Minerals Plc

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Summary

Project:

Hawiah

Deposit:Hawiah
Location:Saudi Arabia
Commodities:Copper-Zinc-Gold-Silver
Date:2/27/2020
Report Code:(no Code)
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:27-2-2020: KEFI Minerals Plc announces an Exploration/Drilling Update report for its Hawiah deposit at the Hawiah project. Drilling results incl. 6.2m @ 1.4% Cu, 0.6% Zn, 0.74g/t Au, 12g/t Ag. KEFI Minerals (AIM: KEFI), the gold exploration and developmen
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 provide an update on the ongoing exploration programme at the Company's Hawiah exploration project in Saudi Arabia. KEFI's operations in Saudi Arabia are conducted through its 37% owned joint venture company, Gold and Minerals Co. Limited ("G&M"), where KEFI is the operating partner.The Stage 1 Hawiah diamond drilling programme completed 26 drillholes in December 2019 and the initial results were announced on 23 January 2020. The results confirm the large-scale Volcanic Massive Sulphide ("VMS") style of mineralisation that underlies the 4km+ long surface gossanous ridgeline and coincident extensive and exceptionally strong geophysical anomalies. Copper-zinc-gold-silver sulphide mineralisation has been intercepted in drilling consistently over more than 4km of strike length, with intercepts of up to 5% Cu equivalent.

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