12/11/2007
KEFI Minerals claims 'positive' exploration results at its Yanikli gold and base metals prospect in north-eastern Turkey.
The AIM-quoted company, which is a spin-off from 34 per cent holder and fellow AIM counter EMED Minerals, says 'strongly anomalous' soil and rock-chip samples have shown grades of up to 2.4 and 8.2 grammes of gold respectively per tonne of ore and outline a number of 'coherent zones' of polymetallic mineralisation. KEFI argues the results indicate the presence of 'an extensive mineralised system, containing gold and base metals'.
Floated last December at 3p, Kefi shares have now reached 4.38p, valuing the company at £4.4 million.
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