Boom time21 Jun 2019 08:08
Commenting KEFI and TKGM Chairman, Mr Harry Anagnostaras-Adams, said, "We are pleased that exploration is progressing again at Hawiah in Saudi Arabia and is planned to culminate in drilling this exciting prospect in Q3 2019.
"Hawiah has all the hallmarks of a significant copper-gold-zinc VMS deposit, which are typically quite valuable.
"Our targeted exploration programme has been steadily working towards drilling Hawiah and our team is confident that the odds of making a significant discovery are relatively high. We look forward to providing further updates as this exploration programme progresses alongside our flagship Tulu Kapi Gold Project in Ethiopia."
Background on Hawiah
The Hawiah prospect is located in the southwest of the Arabian Shield and the planned exploration programme aims to:
• Define a near-surface, economic gold resource in the gossanous ridge; and
• Simultaneously search for a major copper-gold-zinc sulphide ore body at depth.
Hawiah remains one of KEFI's higher priority prospects as the geological setting is analogous to other large VMS deposits in the Arabian-Nubian Shield that have well-preserved, mature oxidised zones enriched in gold at surface.
Initial surface exploration has confirmed that the main gossanous ridgeline is enriched in gold and the mineralisation has good continuity along strike and has abundant secondary copper showings. Our initial SP geophysical survey indicates it is underlain by a large and continuous, conductive body.
Hawiah's silicified and gossanous horizon was mapped and trenched by the French Geological Survey in the 1980s, which identified its gold-bearing potential.
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