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
