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KEFI Minerals, the gold exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, has updated on exploration activities at the company's Hawiah exploration licence in Saudi Arabia.
Drilling rig and team have been mobilised to Hawiah for a programme designed to test the extent of the gold mineralisation in the upper oxidised zone as well as for a significant subsurface copper-gold-zinc deposit.
Commenting KEFI executive chairman, Harry Anagnostaras-Adams, said: 'We are pleased that drilling of our Hawiah prospect in Saudi Arabia has commenced.
'Hawiah has all the hallmarks of being a great target within a significant copper-gold-zinc VMS district. Major deposits have already been discovered and developed in the Arabian Nubian Shield and we are confident of positive results from our exploration programme, the results of which we will report as results warrant over the coming weeks and months.'
At 9:51am: (LON:KEFI) KEFI Minerals PLC share price was +0.02p at 0.97p