14th Jan 2014 11:58
LONDON (Alliance News) - KEFI Minerals said Tuesday that its drilling programme at its 40%-owned Jibal Qutman prospect in Saudi Arabia had continued to expand the mineralisation zone found at the project, as it progresses towards its first mining lease application.
On-going drill and trench results continued to expand the zone of mineralisations from all four drill deposits, it said in a statement.The best reverse circulation drill results were 17 meters at 2.91 grams per tonne of gold, three meters at 5.86 grams per tone of gold, five meters at 4.86 grammes per tonne of gold and five meters of 9.25 grams per tonne of gold.
Trench samples were selected to be representative of various grades and rock types of near surface mineralisation for the West, Main and South Zones and sent to ALS Lab, Perth, Australia, it said.
Shares in KEFI were trading down 5.1% at 1.85 pence Tuesday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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