KEFI Minerals projects ready for drilling
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.
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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"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
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Paying the grandkids’ school fees could generate a shock IHT bill
Private school fees have soared as a result of the government’s VAT policy, meaning more grandparents are helping out – but what are the tax implications?
-
Number of savings deals hits record high – as interest rates slump to two-year low
Savers have more choice than ever when it comes to choosing a savings account or cash ISA. But, the interest rates on offer continue to fall. What’s next for the savings market?