April 7, 2015

KEFI Minerals' survey suggests large metal-bearing body at Hawiah

The results of a geophysical survey at KEFI Minerals’ (LON:KEFI) Hawiah project in Saudi Arabia suggest the possibility of large metal-bearing body at depth.


KEFI said a self-potential (SP) geophysical survey carried out over the southern half of the 6km-long gold mineralised system exposed at the surface identified an intense SP anomaly with a continuous maxima of 350 millivolts (mV), located between 125 metres (m) and 300m below surface with an 800m strike length.


A parallel SP anomaly, showing similar but less continuous intensity, has been identified 600m further east, the company revealed.


KEFI is the operator on the project and has a 40% stake in the asset through its stake in Gold & Minerals LLC, which wholly owns the project.


"We are very pleased with the results of the geophysical survey at Hawiah,” said Jeff Rayner, exploration director of KEFI Minerals.


“The results support the interpretation of a large metal-rich body directly beneath the gold bearing mineralised system at surface. The anomalies identified to date will be further refined by more detailed geophysics to provide vertical depths to targets which will then be drill tested,” he added.



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