Business
Hawiah Exploration Project Update
Hawiah Exploration Project Update.
About this update from Kefi Gold And Copper Plc
[{"type":"text","content":"\n \n \n RNS Number : 2678E\n KEFI Minerals plc\n 27 February 2020\n \n \n \n 27 February 2020\n \n KEFI Minerals plc\n (\"KEFI\" or the \"Company\")\n Hawiah Exploration Project Update\n Stage 2 Drilling Intersects Massive Sulphide in All Additional 19 Holes\n Three Separate Zones Identified for Potential Mining, Further Targets Remain\n Inaugural JORC Resource Targeted mid-2020\n \n 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.\n 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.\n The Stage 2 Hawiah drilling programme has to date added a further 19 drillholes, all of which have intercepted massive sulphide and confirms the positive progress towards delineating an initial Mineral Resource in accordance with the JORC Code by mid-2020. Forty-five diamond drillholes have now been completed in total (Stage 1 and Stage 2) and assays have been received for 20 drillholes.\n Sufficient drilling has now been completed to identify three separate zones with the following preliminary parameters for potentially mineable lodes, with all zones remaining open at depth:\n \n · The 'Camp Lode': 1.2km long, with an average width of 6m with the widest intersection of 19m found at a depth of 90m. The lode has been drilled to a depth of 300m where 9m of massive sulphide was intersected;\n \n · The 'Crossroads Lode': 700m long, with an average width of 4m with the widest intersection being 8m. This lode ha...