RE: CHARTS -T LINE TIPS23 Jan 2020 12:33
KEFI RNS
Over 4km of consistent mineralisation encountered, remains open at depth and along strike
Intercepts of up to 5% Cu equivalent
Similar characteristics to the nearby Al Masane polymetallic VMS mine
Expanded drill programme underway for maiden resource
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 announce that the initial drilling programme at the Company's Hawiah prospect in Saudi Arabia ("Hawiah" or the "Hawiah deposit") has demonstrated the continuous presence of massive sulphides directly below 4km of the gossanous Hawiah ridgeline.
Highlights
• Copper-zinc-gold-silver sulphide mineralisation intercepted consistently over more than 4km
• The sub-vertical mineralisation remains entirely open at depth as well as to the north and south within the Exploration Licence
• Further drilling has already commenced to define an initial Mineral Resource estimate
Drilling to date has confirmed that Volcanic Massive Sulphide ("VMS") style of mineralisation is the source of the extensive and exceptionally strong geophysical anomalies under the ridgeline and that the mineralisation contains copper, zinc, gold and silver. Further illustrative information is contained in Appendix One which may be accessed through the following link - http://www.rns-pdf.londonstockexchange.com/rns/6586A_1-2020-1-22.pdf
Executive Chairman of KEFI, Mr Harry Anagnostaras-Adams, commented:
"Hawiah drilling to date has consistently intercepted massive sulphides containing base and precious metals in the expected location below 4km of the gossanous ridgeline.
"This drilling has already confirmed that Hawiah is a large VMS system that appears analogous to and larger than the Al Masane VMS mine in southern Saudi Arabia.
"Excellent continuity over the 4km makes the Hawiah VMS mineralisation easy to drill out and ultimately to be amenable to straightforward underground mining.
"We have already commenced the next phase of drilling which is likely to lead to an initial Mineral Resource estimate."
Read the full announcement "Drilling confirms large scale of massive sulphides at Hawiah VMS project in Saudi Arabia".
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