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Maiden Al Godeyer Resource
Maiden Al Godeyer Resource.
About this update from Kefi Gold And Copper Plc
[{"type":"text","content":"\n \n \n 3 April 2023\n \n \n KEFI Gold and Copper plc\n \n \n (\"KEFI\" or the \"Company\")\n \n \n \n Maiden Al Godeyer Resource to contribute to the Hawiah Project Open Pittable Resources\n \n \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 present the maiden Mineral Resource Estimate (\"MRE\") at the Al Godeyer\n Project (\"Al Godeyer\" or the \"Project\"), which forms part of the Hawiah Complex, all part of KEFI's Saudi Arabian joint-venture Gold and Minerals Company Limited (\"GMCO\").\n \n \n In Saudi Arabia, the Jibal Qutman Gold Project (\"Jibal Qutman\"), the Hawiah Copper-Gold Project (\"Hawiah\") and the other Saudi projects are under GMCO (now planned to be 25-30% owned by KEFI). In Ethiopia, the Tulu Kapi Gold Project is under TKGM (now planned to be 70-80% owned by KEFI). Final beneficial ownership will depend on project financing requirements.\n \n \n \n Highlights\n \n \n \n ·\n Maiden Al Godeyer Inferred Open-Pit Mineral Resource Estimate of 1.35 million tonnes (\"Mt\") at 0.6% copper, 0.54% zinc, 1.4g/t gold and 6.6g/t silver potentially complements the Inferred Resources reported for the Open-Pit Scenario at the nearby Hawiah deposit of 11.1Mt, as announced by KEFI on 9 January 2023.\n \n \n ·\n Al Godyer continues to be open at depth and along strike\n \n \n ·\n This reaffirms the potential for an initial open-pit mining operation at Hawiah as does early oxide metallurgical testwork which indicates that the Al Godeyer ore can be processed at the Hawiah plant located 12km from the site.\n \n \n ·\n Drilling planned to commence in Q2 2023 will be aimed at converting unclassified areas of the deposit to the Inferred category and to further test the strike extent of the orebody.\n \n \n ·\n Concurrent drilling planned at Hawiah will focus on upgrading and further expanding its total resources reported on 9 January 2023 of 29.0 Mt at 0.89% copper, 0.94% zinc, 0.67 g/t gold and 10.1 g/t silver.\n \n \n \n Harry Anagnostaras-Adams, Executive Chairman of KEFI, commented\n \n :\n \n \n \"This Al Godeyer maiden copper-zinc-gold-silver Mineral Resource has confirmed the clear potential to support the Hawiah project, at this stage lifting to over 12Mt the...