RE: CHARTS -T LINE TIPS4 Dec 2019 10:49
KEFI (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 report further encouraging assay results from the drilling programme at the Company’s Hawiah Exploration Licence in Saudi Arabia.
New Assay Results Received
• Drillhole HWD 002 returned 2.6m at 2.5% copper, 0.1% zinc, 1.9g/t gold, 17.8g/t silver from 37.35m (with estimated true width (“ETW”) of 2m).
• Drillhole HWD 003 returned 8.7m at 4.2% copper, 0.2% Zinc 0.7g/t gold, 15.6g/t silver from 38.65m (ETW of 6m).
Drilling has so far targeted the southern 1.5km section of the previously reported 5km long outcropping gossanous ridge and coincident geophysical anomalies. These further encouraging results confirm that Volcanic Massive Sulphide ("VMS") mineralisation is the source and that the mineralisation is comprised of copper, gold, silver and zinc.
The VMS mineralisation is proving to be continuous both along strike and down dip, consistently intersected along the currently drill tested 1.5km long southern portion of the Hawiah ridge. Drillhole HWD 005 has demonstrated that massive sulphide mineralisation continues to a vertical depth of greater than 250m.
Read the full RNS "Hawiah drilling returns grades of 4.2% copper over 6m plus gold, silver and zinc".
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glita