The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Very good grades and looks like more to come together with the optimism that we'll be allocated additional licences...
The Phase 3 programme has successfully demonstrated the down-plunge continuation of the southward plunging Camp Lode ore body, with the deepest intersection representing a 670m extension from the 2020 MRE area. The increase in copper grade as predicted by the geological model is particularly encouraging.
Highlights from the Phase 3 diamond drilling program include the following drillhole results:
- HWD-074- 10.4m at 1.6% Cu, 1.4% Zn, 0.5g/t Au and 6.3 g/t Ag
- HWD-079 - 9.7m at 1.5% Cu, 1.3% Zn, 0.5 g/t Au and 8.3 g/t Ag
- HWD-082 - 10.0m at 1.8% Cu, 1.6% Zn, 0.5 g/t Au and 11.8 g/t Ag
- HWD-084 - 8.7m at 1.1% Cu, 1.6% Zn, 0.6 g/t Au and 10.1 g/t Ag
- HWD-086 - 9.3m at 1.8% Cu, 0.6% Zn, 0.4 g/t Au and 6.7 g/t Ag
- HWD-092 - 5.5m at 1.6% Cu, 0.53% Zn, 0.3 g/t Au and 6.9 g/t Ag
Exciting times for Kefi investors
Rob
https://uk.advfn.com/stock-market/london/kefi-gold-and-copper-KEFI/share-news/Kefi-Gold-and-Copper-PLC-Hawiah-Copper-Gold-VMS-Pr/84807316
The just-completed Phase 3 drilling programme has doubled the strike
and plunge extension of the Camp Lode structure from the 2020 MRE
area, with copper grades increasing down-plunge as anticipated by
the geological model.
-- The deepest massive sulphide intersection at the Camp Lode at a
vertical depth of 590m extends the total plunging strike length
of mineralisation to 1.2km from surface, with mineralisation remaining
open.
-- Drilling at the Crossroads Lode at Hawiah also confirms mineralisation
remains open down-dip and down plunge with the current known limits
of mineralisation at a vertical depth of only 380m
Baseline programmes for the Preliminary Feasibility Study ("PFS")
have commenced with a potential lodgement of a mining licence application
targeted for mid-2022 and the start of development in 2023.
-- An updated MRE is planned to coincide with the completion of the
Phase 4 drilling.
https://www.rns-pdf.londonstockexchange.com/rns/2211V_1-2021-4-12.pdf
The success of the early drilling phases has demonstrated that the tonnage and grade at Hawiah are robust enough to warrant moving the Project to the Preliminary Feasibility Study ("PFS") stage.
Additional Exploration Licences
The Project team recently welcomed visitors and inspectors from both the [define DMMR] (DMMR) and the local government to the Hawiah site for a successful site overview and Project development meeting.
After receiving positive reports, KEFI remains cautiously optimistic for the granting of additional Exploration Licenses in the up-coming months... This includes the nearby Al Godeyer exploration licence application located 11km west of the Hawiah camp
"We have triggered a Preliminary Feasibility Study targeting a mining licence application in mid-2022 and potential start to development in 2023, together with further exploration of the surrounding area for a large stockwork zone or 'feeder zone' to the massive sulphides, which represents a separate and potentially even larger-scale target.
Huge plus visit from the Saudis heavy hints of new licence including one close to Hawiah.
much more out there
After receiving positive reports, KEFI remains cautiously optimistic for the granting of additional Exploration Licenses in the up-coming months, as per the Kingdom's Vision 2030 strategy. This includes the nearby Al Godeyer exploration licence application located 11km west of the Hawiah camp. Reconnaissance fieldwork by the geological team has confirmed mineralisation along 700m of strike length in this area, in a comparable style and characteristic to the main Hawiah gossans. Initial surface sampling has confirmed gold mineralisation within the gossans, with abundant copper showings also noted.
excellent stuff
The drilling results to date show that the Hawiah deposit remains open at depth and along strike. The recent work programme has sought to quickly 'stretch' some of the extremities of the deposit and as such we are greatly encouraged to see returns of significant intercepts as drilling continues to demonstrate the size and scale of the Hawiah deposit.
"I'm especially encouraged by the most southern hole extending the Camp Lode, which has intercepted massive sulphide with estimated true widths of more than 4 metres, which indicates strong potential for the deposit to continue further to the south.
"As previously reported, in addition to the deeper drilling being undertaken, targeting a substantial increase in the maiden Hawiah resource, the Phase 4 programme will also include infill drilling with a view to upgrading key areas of the resource to the indicated category so as to warrant mine planning and the estimation of an initial Ore Reserve.
"We have triggered a Preliminary Feasibility Study targeting a mining licence application in mid-2022 and potential start to development in 2023, together with further exploration of the surrounding area for a large stockwork zone or 'feeder zone' to the massive sulphides, which represents a separate and potentially even larger-scale target.
But much more to come.