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Completion of First Drilling Programme at Artvi...
Completion of First Drilling Programme at Artvi....
About this update from Kefi Gold And Copper Plc
[{"type":"text","content":"\n \nAIM: KEFI 22 January 2009\n\n KEFI Minerals Plc \n\n (\"KEFI Minerals\" or the \"Company\") \n\n Completion of First Drilling Programme at Artvin Project, Turkey \n\nKEFI Minerals Plc, the AIM-quoted gold and copper exploration company, is\npleased to announce that it has completed an initial diamond drilling programme\nat the Company's Artvin Project located in the Eastern Pontide Belt in\nnortheastern Turkey. The Eastern Pontide Belt is a major metallogenic province\nin the eastern Black Sea coastal region and is prospective for volcanic-hosted\nmassive sulphide (VHMS) deposits, porphyry copper-gold deposits, and epithermal\ngold-silver mineralisation.\n\nThe diamond drilling programme, at the Yanikli Prospect, consisted of five\nholes totalling 1,618m. Drillhole depths ranged from 146m to 417m and was\ndesigned to test strong gold-base metals anomalies from soil and rock chip\nsurveys as well as induced polarisation (IP) chargeability-resistivity\nanomalies. The Company's geologists have observed significant widths of\nquartz-sericite-pyrite alteration with widespread disseminated and vein-style\npyrite-sphalerite and some galena within the core in all five holes. Results of\nthe programme will be announced in due course following receipt of final assay\nresults.\n\nThe Artvin Project is subject to a Joint Venture Agreement with a subsidiary of\nCenterra Gold Inc., a Canadian-based gold mining and exploration company which\nis listed on the Toronto Stock Exchange. The Artvin Project comprises 15\ntenements, which cover approximately 254km2.\n\nKEFI Minerals' Managing Director, Jeff Rayner, commented:\n\n\"The completion of this drilling programme is another successful step in our\nevaluation of these prospective tenements. The joint venture with Centerra\nprovides the necessary funding to continue our systematic exploration of the\nArtvin Project which we shall advance throughout 2009.\"\n\nEnquiries\n\nKEFI Minerals WH Ireland Bishopsgate Communications \n \nJeffrey Rayner Laurie Beevers Maxine Barnes \n \n Katy Mitchell Nick Rome \n \n+90 533 928 19 13 +44 161 832 2174 +44 20 7562 3350 \n \nwww.kefi-minerals.com \n\nReferences in this announcement to exploration results and potential have been\napproved for release by Mr Malcolm Stallman (B.App.Sc). Mr Stallman is a\ngeologist and has more than 20 years' relevant exper...