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KEFI Minerals 'well funded' for drilling in Saudi Arabia
- Saudi Arabia: Tuesday, September 11 - 2012 at 12:22
UK-based gold and copper explorer with focus on Saudi Arabia, KEFI Minerals has said it is well-funded to continue its planned 12,000-metre drill programme in the kingdom. "Diamond drilling has commenced at the Selib North prospect and is due to start at the Jibal Qutman prospect in early September 2012," said the firm's managing director Jeffrey Rayner. The firm holds 40% and is the operator of the gold and minerals joint venture (G&M) with ARTAR, which now has four exploration licences (ELs) granted and 19 applications pending. "We are fully focused on expanding G&M's presence in Saudi Arabia and are encouraged by our results thus far," he said. "The company is well funded to continue with the 12,000-metre drilling programme planned on the granted ELs and those expected in the second half of 2012."
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