Business
Maiden JORC Resource
Maiden JORC Resource.
About this update from Kefi Gold And Copper Plc
[{"type":"text","content":"\n \nRNS Number : 8321F Kefi Minerals plc 30 May 2013 \n \n\n \n \nAIM: KEFI 30th May 2013\n \nMaiden JORC Compliant Resource Jibal Qutman Prospect\n \nKEFI Minerals, an AIM-quoted gold and copper exploration company, through its 40% owned Gold & Minerals JV Company (G&M), is pleased to announce its maiden JORC compliant resource, at the Jibal Qutman prospect in Saudi Arabia.\n \nHighlights\n· An Inferred Resource of 10.3Mt at 0.94g/t Au for 313,000 oz Au has been calculated at a 0.2g/t Au cut-off and 20g/t Au top-cut, which can potentially be economically mined in a shallow open cut to a depth of maximum 50-70m.\n· The second phase RC drilling programme is on-going with mineralisation remaining open along strike at the Main, South and West Zones.\n· The bulk of the additional Resource is from the West Zone, with no additional drilling in the Main Zone and only 14 RC holes drilled into the South Zone since the preliminary non-JORC estimate of 90,000oz Au was announced in January 2013.\n \nMr Jeffrey Rayner, KEFI Mineral's Managing Director, said:\n\"2012 was an exciting and very busy year for KEFI Minerals. We have implemented cost and time efficient exploration resulting in rapid progress to announcing an initial maiden JORC Resource and the prospect of our first mining operation at Jibal Qutman. We expect continuing exploration work to delineate further new discoveries and additional resources.\"\n \n \nExploration Details\nThe maiden Inferred Resource at Jibal Qutman has been ...