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Hawiah Copper-Gold VMS Project Update
Hawiah Copper-Gold VMS Project Update.
About this update from Kefi Gold And Copper Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8660R\n Kefi Gold and Copper PLC\n 10 November 2021\n \n \n \n \n 10 November 2021\n \n KEFI Gold and Copper plc\n (\"KEFI\" or the \"Company\")\n Hawiah Copper-Gold VMS Project Update\n Final drill assay results received and MRE underway\n Resource upgrade in December 2021 with expected increase in grade and tonnage\n Preliminary Feasibility Study commenced, targeting development in 2023\n \n KEFI Gold and Copper (AIM: KEFI), the gold and copper 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 status of the Hawiah Copper-Gold VMS Project in Saudi Arabia (\"Hawiah\" or the \"Project\").\n Highlights\n \n · Phase 4 drilling campaign is completed with 16,306m drilled and final assay results have been received\n \n · Update to the 2020 Mineral Resource Estimate (\"MRE\") is expected in December 2021 following the recent completion of initial modelling and site visit by independent experts\n \n ·The updated MRE is expected to include the additional resources previously defined in the Phase 3 drilling programme, as well as material in the Indicated category where in-fill drilling has taken place\n \n · Early statistical analysis confirms mineralisation delineated during the recent drilling programmes is of higher grade, which will aid to improve the overall Project economics\n \n ·Drilling of zones outside the 2020 MRE area confirm the down plunge continuity of the Camp Lode for a further c.670m\n \n ·The 2020 MRE had identified a resource of 19.3 million tonnes at 1.9% copper-equivalent over a strike length of c.5,000m\n \n · Preliminary Feasibility Study (\"PFS\") elements have been awarded and an experienced team of consultants has been assembled to help deliver the PFS in 2022\n \n · Metallurgical testing, environmental and hydrological programmes continue to progress\n \n \n Harry Anagnostaras-Adams, Executive Chairman of KEFI, commented\n :\n \n \"All assay results have now been received from our substantial drilling programmes completed during 2021 at our Hawiah copper-gold-zinc-silver project in Saudi Arabia.\n \"In August 2020, KEFI reported a maiden Mineral Resource Estimate of 19.3 million tonnes at 1.9% copper-equivalent in-situ for Hawiah. The 2021 drilli...