KEFI Gold and Copper confirms third discovery in the Hawiah Copper-Gold District

KEFI Gold and Copper Plc (LON:KEFI), the gold and copper exploration and development company with a first-mover advantage in Saudi Arabia, has announced the discovery of a third copper-gold-zinc-silver deposit in the broader Hawiah district by the Company’s Gold & Minerals Ltd joint venture.

Highlights

·    GMCO has discovered another Volcanogenic Massive Sulphide (“VMS”) deposit, at Abu Salal, which becomes the third discovery in the Hawiah Copper-Gold district following the original Hawiah discovery when drilling commenced in 2019, and the subsequent Al Godyer discovery announced in 2022:

o The Abu Salal VMS deposit is located 50km south of GMCO’s Hawiah Copper-Gold project (“Hawiah”) in the central portion of the Wadi Bidah Mineral Belt (“Wadi Bidah”), straddling GMCO’s Abu Salal North and South exploration licences

o Drilling has intercepted massive and semi-massive sulphide mineralisation containing copper, gold, zinc and silver, in multiple horizons, across a 2,600m strike length, with true widths of up to 11m, indicated by the first-pass 18-hole (2,009m) scout drilling programme

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
KEFI Gold and Copper

More articles like this

KEFI Gold and Copper

Investor caution keeps gold prices steady

Gold prices showed minimal movement on Monday as investors held back in anticipation of the approaching U.S. presidential election and the Federal Reserve’s decision on interest rates. Spot gold held steady at $2,734.79 per ounce by

KEFI Gold and Copper

Gold prices edge near record levels

Gold prices saw a steady climb on Tuesday, remaining close to historical highs. Market conditions reflect rising investor caution surrounding the upcoming US election and widespread expectations of a Federal Reserve interest rate cut in November.

KEFI Gold and Copper

Gold prices surge amid economic and political uncertainty

Gold and silver have recently experienced significant gains as global fears continue to rise. Increasing uncertainty around conflicts in the Middle East, the upcoming US presidential election, and central banks easing monetary policies have led to

KEFI Gold and Copper

Gold price continues to climb

Gold prices (XAU/USD) rose for the third day in a row on Monday, reaching the $2,667 level, marking the highest point in over a week during the early European trading session. The primary factor behind this

KEFI Gold and Copper

Gold prices continue steady climb towards record highs

Gold prices have surged above $2,690, continuing their push towards record highs this year. This represents a 5.48% increase over the past month and an impressive 40% growth over the past year. Just last month, the

KEFI Gold and Copper

Gold price surges above $2,600

Gold prices surged past the $2,600 mark for the first time on Friday, continuing a rally fuelled by expectations of further US interest rate cuts and increasing geopolitical tensions in the Middle East. Spot gold climbed

KEFI Gold and Copper

KEFI Gold and Copper Early Works at Tulu Kapi progressing well

KEFI Gold and Copper plc (LON: KEFI), the gold and copper exploration and development company focused on the Arabian-Nubian Shield since 2008, has provided a short operational update encompassing the recent activities with respect to the Company’s

KEFI Gold and Copper

Gold prices reach record highs amid dollar weakness

Gold prices surged on Monday, reaching record highs due to a weakening dollar and expectations that the U.S. Federal Reserve may implement a larger-than-anticipated interest rate cut this week. Spot gold saw a rise of 0.5%,

KEFI Gold and Copper

Gold shines with 23% growth in 2024

Gold has seen a significant rise of 23% since the start of 2024, with its price currently hovering at an all-time high of around €2,260. This surge can be attributed to several factors, including ongoing geopolitical

KEFI Gold and Copper

KEFI is the Early Mover, with Discoveries & Growth Platform

London-listed company KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu

KEFI Gold and Copper

Gold price stays firm amid Fed rate cut prospects

Gold’s price (XAU/USD) has remained stable due to multiple supportive factors. Expectations for Federal Reserve rate cuts and escalating tensions in the Middle East have limited the downside for gold prices. Concerns about a potential economic