Business
Hawiah Exploration Update
Hawiah Exploration Update.
About this update from Kefi Gold And Copper Plc
[{"type":"text","content":"\n \n \n RNS Number : 9971N\n KEFI Minerals plc\n 27 May 2020\n \n \n \n 27 May 2020\n \n KEFI Minerals plc\n (\"KEFI\" or the \"Company\")\n \n Hawiah Exploration Update\n \n Stage 2 Programme Completed With 69 Drill Holes\n Assays Re-Affirm Three Separate Zones for Potential Mining\n 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 34% owned joint venture company, Gold and Minerals Co. Limited (\"G&M\"), where KEFI is the operating partner.\n G&M has now completed Stage 2 of the Hawiah diamond drilling programme, increasing the number of completed diamond drill holes to 69 since the first drill hole in October 2019.\n Copper-zinc-gold-silver sulphide mineralisation has been intercepted in drilling consistently over more than 4km of strike length, with intercepts within the supergene zone of up to 4.4% Copper over a 6m true width interval, including 5.8% Copper over a 3m true width. The results re-affirm the large-scale Volcanic Massive Sulphide (\"VMS\") style of mineralisation that underlies the +4km long surface gossanous ridgeline. Assays have been received for 59 of the 69 drill holes and confirm the positive progress towards delineating an initial Mineral Resource in accordance with the JORC Code in mid-2020.\n Sufficient drilling has now been completed to identify three zones with the following preliminary parameters for potentially mineable massive sulphide lodes, with all zones remaining open at depth:\n \n · The 'Camp Lode': 1.2km long, with an average width of 7.5m with the widest intersection of 20m found at a depth of 90m. The lode has been drilled to a depth of 300m where 9m true width of massive sulphide was intersected;\n \n · The 'Crossroads Lodes': 800m long, with an average width of 5m with the widest intersection being 8m true width. This lode has been explored to a maximum vertical depth of 350m where 7m of massive sulphide was intersected; and\n \n · The 'Crossroads Extension Lode': 1,000m l...