IN BRIEF: KEFI Gold & Copper Reports Progress At Hawiah Project

Tue, 08th Dec 2020 19:36

KEFI Gold & Copper PLC - gold explorer in Ethiopia and Saudi Arabia - Reports further success with ongoing 13,00 metres drilling programme at 34%-owned Hawiah project in Saudi Arabia. First six drill holes reflecting 3,600 metres have yielded encouraging results.

Current programme's aim is to increase the maiden mineral resource estimate of 19.3 million tonnes at 0.9% copper, 0.8% zinc, 0.6 grams per tonne gold and 10.3g/t silver.

Second rig is now on site to accelerate the drill programme.

Current stock price: 1.80 pence

Year-to-date change: up 50%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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