News

January 23, 2008

Kefi Minerals Waits For The Snow to Melt

By Rob Davies

There is a lot of high and mountainous ground in Turkey and right now most of it is covered in snow. Unfortunately, it is in those high and mountainous areas where Kefi Minerals has its best prospects and it can’t get its drills in until the snow melts in the spring. However, managing director Jeff Rayner and his team are not wasting time over the winter. He explained to Minews that unlike most countries Turkey does not require exploration companies to file data after they relinquish a property. Therefore there is very little geological data held centrally by the government.

Kefi was smart enough to buy the database compiled by Nuigini Mining when it was working in Turkey and that gives Jeff a head start when he gets an inquiry from small local miners and explorers offering him their properties.  Last year he said they looked at over 100 properties and visited 30 of them in the field. That universe has been narrowed down to two or three properties that have a high priority.

In the shorter term Kefi’s main focus is to start drilling its two best prospects at...