Business
DEFINITIVE FEASIBILITY STUDY UPDATE
DEFINITIVE FEASIBILITY STUDY UPDATE.
About this update from Kefi Gold And Copper Plc
[{"type":"text","content":"\n \nRNS Number : 8088N Kefi Minerals plc 31 July 2014 \n \n\n \n \n \n 31 July 2014\n \nKEFI Minerals Plc \n(\"KEFI\" or the \"Company\")\n \nDEFINITIVE FEASIBILITY STUDY UPDATE \n \nTulu kapi project, Ethiopia\n \nKEFI Minerals (AIM: KEFI), the gold exploration and development company with projects in the Kingdom of Saudi Arabia and Federal Democratic Republic of Ethiopia, is pleased to announce an update of exploration results as part of the revision of the Definitive Feasibility Study (\"DFS\") at Tulu Kapi gold project, in western Ethiopia.\n \n \nHIGHLIGHTS\n \nAdditional results from a selective infill drilling programme targetted to intersect the known lode structures continued to return strong gold grades at Tulu Kapi, further supporting the Company's structural interpretation and modelling of the ore body ahead of independent review of the Resource Model, Mine Planning and an updated estimate of Mineable Reserves in preparation for Mine Licence application in Q4 2014.\n \nIn addition, encouraging exploration drilling results have been intersected at the Chalte and Guji prospects in the adjacent Yubdo Exploration Licence.\n \n· Reverse circulation (\"RC\") infill drilling continued to intercept strong gold mineralisation at Tulu Kapi, with best results of 9m at 4.24g/t Au, 13m at 3.21g/t Au, 9m at 3.31g/t Au, 15m at 2.33g/t Au, 5m at 4.12g/t Au and 8m at 3.94g/t Au. These, and further, drill results are tabulated below.\n \n· Results from the last two trenches of the surface trenching program at Tulu Kapi returned additional intercepts of 15m at 1.41 g/t Au (including 4m at 3.1g/t Au).\n \n·...