18th Sep 2013 11:26
LONDON (Alliance News) - KEFI Minerals PLC Wednesday said it had an updated Joint Ore Resource Committee compliant inferred resource of 14.5 mega tonnes at 0.89 grams per tone of gold for 415,000 ounces gold at its Jibal Qutman prospect after drilling tests.
It said that its ongoing trench channel sampling and drilling programme at Jibal Qutman continues to expand the mineralised system.
"Our drilling is continuing to find more gold and we have yet to close off the mineralisation along strike of any of the drilled areas," said Managing Director Jeff Rayner in a statement, "Additional drilling capacity is being sought to step up the work rate at Jibal Qutman with the continued focus on moving towards a pre-feasibility study."
Shares in the mineral exploration company were trading down 5.1% at 2.80 pence Wednesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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