KEFI Minerals
KEFI Minerals is a dynamic exploration Company focussed on exploring for world-class mineral deposits in the well-endowed and under-explored Tethyan Mineral Belt of Turkey and Arabian Shield of Saudi Arabia. Following its listing in late 2006, KEFI Minerals has established itself as an innovative gold and copper exploration Company and has quickly expanded its exploration portfolio.
In Turkey, we are primarily targeting large low-sulphidation epithermal gold systems and porphyry-style gold-copper systems, analogous to several >1 million ounce gold deposits recently discovered and developed in the western part of the country. KEFI Minerals recently expanded its sphere of interest with the formation of a new minerals exploration joint venture within the Kingdom of Saudi Arabia. In Saudi Arabia, we are exploring for mesothermal vein-hosted gold mineralisation, listwaenite-hosted gold deposits and Kuroko-style volcanogenic copper-zinc mineralisation.
The Company has a strong Board of Directors and management team with highly demonstrable track records in the resources industry in Australia and Europe. Their aim is expand the company through the discovery, acquisition and development of high quality precious and base metal projects. Our reputation has been built on treating safety, environment and community relations as a priority at all times. KEFI Minerals also has an extensive proprietary exploration database that contains information about approximately 100 prospective sites in Turkey. This database provides the Company with a competitive advantage to identify prospective areas for project generation in Turkey.
KEFI Minerals commenced trading on AIM (Code “KEFI”) in December 2006. EMED Mining contributed the initial assets and retains a 25% shareholding in the Company. EMED Mining has agreed to provide technical and administrative systems and personnel to KEFI Minerals on a cost-recovery basis, thus enabling KEFI Minerals to reduce overheads and spend more on exploration.
This website contains all information required in accordance with AIM Rule 26.
KEFI Minerals currently has six exploration projects in Turkey:
Derinin Tepe, in the Western Anatolia Region, where extensive low-sulphidation epithermal quartz veins with gold and silver mineralisation have been identified. Drilling by KEFI Minerals has returned intercepts of up to 2.85m at 16.05g/t gold and 54.8g/t silver.
Artvin, in the Northeast Pontides Region, where extensive hydrothermal alteration with anomalous gold and base metal mineralisation has been recognised, possibly related to a porphyry-style or volcanogenic massive sulphide-style deposit. The project is subject to a joint venture with Centerra Gold Inc. Drill testing by KEFI Minerals of geochemical and geophysical targets has returned intercepts of up to 2m at 20.9g/t gold and 47.4g/t silver and 64m at 0.35% zinc.
Bakir Tepe, in the Western Anatolia Region, is prospective for Cyprus-style volcanogenic massive sulphide-style copper-gold mineralisation. The project is subject to a joint venture with Centerra Gold Inc. Drill testing by KEFI Minerals of geophysical targets has confirmed the prospectivity of the geological setting but failed to return significant assay results.
Gumushane, in the Central Pontides Region, exhibits extensive hydrothermal alteration identified through interpretation of ASTER data.
Hasancelebi, in the Central Anatolia Region, is prospective for high-sulphidation epithermal gold mineralisation and Iron-Oxide Copper-Gold (“IOCG”) mineralisation.
Muratdag, in the Western Anatolia Region, is prospective for Carlin-style epithermal gold mineralisation.
KEFI Minerals currently has 21 Exploration Licence applications in Saudi Arabia:
In the Kingdom of Saudi Arabia, KEFI Minerals has a minerals exploration joint venture, the Gold & Minerals (“G&M”) Joint Venture, with a leading Saudi construction and investment group, Abdulrahman Saad Al-Rashid & Sons Company Limited ("ARTAR"). KEFI Minerals is the operating partner with a 40% interest. The G&M Joint Venture's primary objective is the discovery and development of a >1 million ounce gold deposit in the under-explored and highly prospective Precambrian Shield in Saudi Arabia.
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