Shefa Gems Ltd Highest grade results to date in Zone 2 (1486Q)
17 Ottobre 2019 - 8:00AM
UK Regulatory
TIDMSEFA
RNS Number : 1486Q
Shefa Gems Ltd
17 October 2019
B"H
17 October 2019
Shefa Gems Ltd.
("Shefa Gems" or the "Company")
Highest grade results to date in Zone 2 of Kishon Mid-Reach
Shefa Gems (LSE: SEFA), a company focused on advanced
exploration and development of multi-gemstone projects in Northern
Israel, is pleased to announce sample results exceeding previous
highest grades in Zone 2 of the Kishon Mid-Reach following the
processing and analysis of two bulk samples.
The first sample yielded a record Target Mineral Assemblage
('TMA') grade of 467 carats per hundred tonnes (cpht). For
comparison, the aggregate results from the first five bulk samples
from the northern part of Kishon Mid Reach Zone 2, as announced on
31 January 2019, was 135 cpht and the average TMA grade assumed in
the Technical and Economic Evaluation of Zone 1 was 153 cpht.
As is to be expected from the Company's geological model, the
second sample returned a lower grade of 39 cpht because it was
taken on the upstream, less well developed, side of the main
placer.
Taken together, the sample results indicate continuous
prospectivity across southern and northern parts of Zone 2 and
therefore support the Company's intention to increase the life of
mine beyond Zone 1.
The results from these two bulk samples, follow the excavation
of five bulk samples from the southern part of Kishon Mid Reach
Zone 2, as announced on 24 June 2019. The three remaining bulk
samples are being processed at the Company's treatment facility in
Akko and results are expected to be announced in the first quarter
of 2020.
Vered Toledo, Chief Operating Officer of Shefa Gems, said:
"These two bulk samples, which include the highest ever grade
results in Zone 2, form part of a bulk sampling programme to
deliver a resource estimate for the Kishon Mid Reach Zone 2
project. The results are very encouraging and tie into our
expectations for the significant potential in the Kishon Mid
Reach."
Competent Person:
This bulk sample campaign was planned and approved by Dr. J.D.
Ward, the Shefa Gems Consulting Geologist at Majimba
Geo-Consulting. Dr. Ward is a qualified geologist (Pr.Sci.Nat), and
a leading alluvial diamond exploration and mining geologist with
over 35 years' field experience.
Enquiries
Shefa Gems Ltd
Michael Rosenberg, OBE - Chairman
www.shefagems.com +44 20 7938 4026
-----------------------
VSA Capital Limited - Financial
Adviser
-----------------------
Andrew Raca +44 20 3005 5000
-----------------------
SI Capital Limited - Broker and
Strategic Adviser
-----------------------
+44 20 3871 4038 / +44
Nick Emerson and Jon Levinson 1483 413500
-----------------------
Luther Pendragon
-----------------------
Harry Chathli, Alexis Gore, Rachel
So +44 20 7618 9100
-----------------------
Notes to Editors
About Shefa Gems Ltd
Shefa Gems Ltd (LSE: SEFA) is a multi-commodity explorer of
precious stones operating in Northern Israel. Exploration activity
is managed by professionally skilled and technically competent
personnel and is accompanied by an international team of geological
experts with decades of proven experience in their fields.
All exploration activities are conducted under international
standards and the internationally recognised SAMREC 2016 Code.
Furthermore, its permits, granted to it by the Commissioner of
Mines, extend over an area of approximately 600,000 Dunam (60,000
hectares) that includes the Kishon River, the volcanic bodies on
Mount Carmel, the Zevulun and Yizre'el valleys and their margins -
Menashe Hills, Tivon-Alonim Hills, and Nazareth range. The Company
upholds environmental values and protects the nature in the areas
where it operates, cooperating fully with all authorities.
Alongside its exploration activities, the Company is building on
the launch of the "Heaven on Earth" jewellery collection, created
by world-renowned designer Yossi Harari, and developing the
Company's "Mine to Market" strategy to promote unique jewellery
collections utilising Shefa Gems' suite of precious gemstones.
The exclusive "Heaven on Earth" collection is now available to
view online on the website of the designer Yossi Harari at:
www.yossiharari.com/collections/heaven-on-earth
For further information please visit the website at
https://www.shefagems.com/
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
UPDFFLFWMFUSELS
(END) Dow Jones Newswires
October 17, 2019 02:00 ET (06:00 GMT)
Grafico Azioni Shefa Gems (LSE:SEFA)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Shefa Gems (LSE:SEFA)
Storico
Da Apr 2023 a Apr 2024
