Business
Exploration Update
Exploration Update.
About this update from Kefi Gold And Copper Plc
[{"type":"text","content":"\n \nAIM: KEFI\n\n 14 January 2013\n\n KEFI Minerals Plc\n\n (\"KEFI\" or the \"Company\")\n\n EXPLORATION UPDATE\n\n CONTINUED EXPANSION OF MINERALISED ZONE AT JIBAL QUTMAN\n AND PRELIMINARY METALLURGICAL TESTWORK RESULTS\n\nKEFI Minerals, the AIM-quoted gold and copper exploration company\nwith projects in the Kingdom of Saudi Arabia and Ethiopia, is pleased to\nannounce an exploration update from its Jibal Qutman Licence. This includes\nadditional reverse circulation drilling results from the continuing\nexploration and infill drilling programme, and results from metallurgical\ntestwork. KEFI Minerals is the operator for the project under the Company's\n40%-owned Gold & Minerals Joint Venture (\"G&M\").\n\nHIGHLIGHTS\n\n- On-going drill and trench results continue to expand the zone of\nmineralisation on all four drilled deposits at Jibal Qutman with best RC drill\nresults of 17m at 2.91g/t Au (including 7m at 6.00g/t Au), 3m at 5.86g/t Au,\n5m at 4.86g/t Au and 5m at 9.25g/t Au;\n\n- Results from ongoing Metallurgical Testwork for the\nPre-Feasibility Study to test leaching characteristics of the typical higher\ngrade mineralisation present in the shallow zones have been received.\n\n- Bottle roll tests conducted on the three composites samples\nreturned gold extractions of 94.8%, 95.6% and 96.5% at a grind of 80% passing\n75 micron. Coarse bottle roll tests conducted at 12.5mm and 6.3mm returned\nrecoveries ranging from 71.9% to 85.2% over a five day period.\n\n- A second batch of assays on metallurgy core samples returned 8m at 2.00g/t Au, \n4m at 1.41g/t Au, 4m at 1.16g/t Au.\n\nJeff Rayner, Managing Director of KEFI Minerals, commented:\n\n\"We are delighted with the continued expansion of mineralisation at\nthe Jibal Qutman prospect. We are working hard as we progress towards our\nfirst mining lease application. We very much look forward to providing further\ndevelopment updates from our projects in both Saudi Arabia and Ethiopia and\nare excited about the year ahead.\"\n\n\nJIBAL QUTMAN PROJECT\n\nExploration and Infill Drilling\n\nPlease refer to a Map of Jibal Qutman Licence http://www.kefi-minerals.com/jibal_a.html\n\nPositive results have been returned from the ongoing exploration\nand infill RC drilling campaign at Jibal Qutman, which is supporting the\ncurrent interpretation and expanding the mineralisati...