From Dow Jones newswires, 27th July; Pays $250,000 for an exclusive 3 months evaluation period at the copper – gold - silver Tiouit mine in Morocco, following a non-JORC evaluation indicating a possible 1.4 million grams of gold and 9 million gms of silver. The rock does not have to be mined because it is in tailings dams, it will have to be ball milled or ground to allow cyanide leaching to reach the gold.

There are aprox 30 grams to one troy ounce. JORC is the evaluation system called the Australasian Joint Ore Reserves Committee Code. I would be very wary of any non JORC evaluation unless I was in the mood for a gamble (and I am not!). However, this could be an interesting starting point for Kefi, which would not have spent $250,000 unless it was enthusiastic.

MadDutch

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