KEFI Minerals projects ready for drilling

5th Apr 2012 11:59

KEFI Minerals, an AIM-quoted gold and copper exploration company, has said fieldwork on its Hikyrin South and Selib North Exploration Projects in Saudi Arabia have reached the stage of drilling. At Hykirin South, samples taken from the waste dumps of ancient mining have returned up to 16.3g per tonne (g/t) gold and an average of 5.9 g/t from 24 samples spread over a 700m strike length. At Selib North samples taken from areas of new discoveries and of ancient mining have returned up to 27.7g/t gold, 7.99g/t gold and included 7m at 1.18g/t gold. Jeffrey Rayner, KEFI Mineral's Managing Director, said: "Having already recognised new gold bearing shear zones and quartz veins at Selib North, we are delighted by the encouraging sample results at Hikyrin South."We look forward to commencing the drilling programme this quarter which we hope will further highlight the huge prospectivity of the region and the potential to add value for the long term benefit of all stakeholders."NR