15 June 2013
JEDDAH - KEFI Minerals has discovered another gold prospect at its Jibal Qutman project in Saudi Arabia with the early stage trenching results described as exceptional by the company.
The new find has been called 3K Hill and lies 3km north of current drilling at Jibal Qutman.
Assay results received from five of seven trenches included best intercepts of 80m at 1.88g/t Au, 40m at 4.40g/t Au and 41m at 1.56g/t Au.
The vein zone is interpreted to plunge beneath the southern-most trench, Trench 8, and the southern extension will be tested by drilling.
A reverse circulation drill rig has been moved to 3K Hill for a first phase program of 30 drill holes on a 50m x 40m grid to a nominal 100m depth.
Sampling in another area 2km north of 3K hill also returned impressive gold grades of 19.1g/, 16.4g/t and 6.4g/t.
KEFI also updated on its ongoing drilling program at Jibal Qutman, with best intercepts from the West and South Zones, 10m at 3.51g/t Au, 9m at 3.16g/t Au and 14m at 1.03g/t Au.
The explorer published its first maiden resource last month at Jibal Qutman of 10.3 million tons at 0.94 g/t for 313,000 ounces, but this did not include all of this drill data, it added Friday.
Jeff Rayner, KEFI's managing director, said: "The new discovery at the 3K Hill gold prospect has returned exceptional trench channel sample results, in a short time from the initial rock chip sampling, and is indicative of the underlying potential and prospectivity of the Jibal Qutman license.
"RC drilling has commenced on 3K Hill and we will shortly have 3 RC rigs in operation, further accelerating our drilling at the Main, West and South Zones.
"We are also looking forward to trench and eventually drill the new areas of high grade gold in rock chip samples elsewhere in the license."
JEDDAH - KEFI Minerals has discovered another gold prospect at its Jibal Qutman project in Saudi Arabia with the early stage trenching results described as exceptional by the company.
The new find has been called 3K Hill and lies 3km north of current drilling at Jibal Qutman.
Assay results received from five of seven trenches included best intercepts of 80m at 1.88g/t Au, 40m at 4.40g/t Au and 41m at 1.56g/t Au.
The vein zone is interpreted to plunge beneath the southern-most trench, Trench 8, and the southern extension will be tested by drilling.
A reverse circulation drill rig has been moved to 3K Hill for a first phase program of 30 drill holes on a 50m x 40m grid to a nominal 100m depth.
Sampling in another area 2km north of 3K hill also returned impressive gold grades of 19.1g/, 16.4g/t and 6.4g/t.
KEFI also updated on its ongoing drilling program at Jibal Qutman, with best intercepts from the West and South Zones, 10m at 3.51g/t Au, 9m at 3.16g/t Au and 14m at 1.03g/t Au.
The explorer published its first maiden resource last month at Jibal Qutman of 10.3 million tons at 0.94 g/t for 313,000 ounces, but this did not include all of this drill data, it added Friday.
Jeff Rayner, KEFI's managing director, said: "The new discovery at the 3K Hill gold prospect has returned exceptional trench channel sample results, in a short time from the initial rock chip sampling, and is indicative of the underlying potential and prospectivity of the Jibal Qutman license.
"RC drilling has commenced on 3K Hill and we will shortly have 3 RC rigs in operation, further accelerating our drilling at the Main, West and South Zones.
"We are also looking forward to trench and eventually drill the new areas of high grade gold in rock chip samples elsewhere in the license."
© The Saudi Gazette 2013
