Shefa Yamim (A.T.M.) Ltd Grant of Prospecting Permits (4310N)
09 May 2018 - 4:01PM
UK Regulatory
TIDMSEFA
RNS Number : 4310N
Shefa Yamim (A.T.M.) Ltd
09 May 2018
B"H
9 May 2018
Shefa Yamim (A.T.M.) Ltd.
("Shefa Yamim" or the "Company")
Prospecting Permits Granted
Shefa Yamim (LSE: SEFA), a precious stone exploration and
prospecting Company in Northern Israel, is pleased to announce that
it has been granted two extended prospecting permits covering a
total of 440,455 Dunams (44,045 hectares) from the Ministry of
Energy Natural Resources Administration, Israel.
Permit 837A11 for the Carmel site covers an area of 327,551
Dunams (32,755 hectares) and 899A6 for the Ramot Menashe site
covers an area of 112,904 Dunams (11,290 hectares).
The Company's total permits, including exploration permit 869B7
covering 173,888 Dunams (17,389 hectares) extend over an area of
approximately 600,000 Dunams (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 permits provide the Company with exclusive prospecting
rights for diamonds, gold and precious stones over the permitted
areas for a period of a year and entitles the Company to conduct
all required actions connected with prospecting for the minerals
specified above.
- Ends -
Enquiries
Shefa Yamim (A.T. M.) Ltd.
Avi Taub, Chief Executive Officer
www.shefayamim.com +44 20 7618 9100
-----------------
VSA Capital Limited - Financial Adviser
and Joint Broker
-----------------
Andrew Raca, Stephanie Jury +44 20 3005 5000
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Daniel Stewart & Company - Joint Broker +44 20 7776 6500
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Jon Levinson, Richard Potts +44 20 3005 5000
-----------------
Luther Pendragon
-----------------
Harry Chathli, Ana Ribeiro, Alexis
Gore +44 20 7618 9100
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Notes to Editors
About Shefa Yamim (A.T.M.)
Shefa Yamim is a multi-commodity precious stone exploration and
prospecting Company in Northern Israel. It has two flagship
projects, Mount Carmel and the Kishon Reach.
After 18 years of exploration in a "greenfields" terrain, Shefa
Yamim established a "Source to Sink" geological model and the
presence of a Target Mineral Assemblage ("TMA Suite") in both
primary volcanic sources and in secondary alluvial deposits lying
within the Kishon catchment, on Mount Carmel and in the Ramot
Menashe area.
The TMA comprises Precious Stones (Diamond, natural moissanite
that is rare globally, sapphire, ruby, Carmel Sapphire(TM)) and
Heavy Minerals ("HIM Suite") that include corundum, zircon, rutile,
ilmenite and garnet.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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