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Gold exploration and development company Kefi Minerals said drilling had intercepted 'massive' levels of sulphide, confirming signs of copper at its Hawiah exploration licence in Saudi Arabia.
The initial intersection confirmed that mineralisation was the source of the previously reported 5.5km long geophysical anomaly and that the mineralisation was copper bearing, the company said.
The drill intersection marked the 'successful start to the drilling programme and added further strength to the geological model as developed by the Kefi joint venture exploration team,' the company said.
At 9:10am: (LON:KEFI) KEFI Minerals PLC share price was +0.08p at 0.75p