TIDMSEFA
RNS Number : 0829U
Shefa Yamim (A.T.M.) Ltd
10 July 2018
B"H
10 July 2018
Shefa Yamim (A.T.M.) Ltd
("Shefa Yamim" or the "Company")
Encouraging results from Bulk Sample of Kishon Mid-Reach Zone
2
Total of 1,380.69 carats of gemstones recovered from 568.9
tonnes in BS-1230
Shefa Yamim (LSE: SEFA), a precious stone exploration company in
Northern Israel, announces processing results from bulk sample
BS-1230, the first of five bulk samples collected at the end of
2017 to determine the potential resource for the Kishon Mid-Reach
Zone 2.
Bulk Sample BS-1230 Highlights
-- Largest gemstones recovered were a 6.20 ct spinel and a garnet of 3.61 carats (cts)
-- Sample was dominated by gemstones (99%) with spinel
accounting for 57% of the Target Mineral Assemblage ("TMA")
followed by garnet (18%), ilmenite (15%), sapphire (5%), Carmel
Sapphire(TM) (3%) and the remaining (2%) between hibonite,
moissanite and ruby
-- Significant increase in the overall grade following the
update of the Company's TMA to include spinel in the Kishon
Mid-Reach placer gemstones assemblage and with the formation of a
revised "Gem Box" suite that incorporates 9 gemstones
A total of 1,380.69 cts of gemstones were recovered from 568.9
tonnes ('t') of basal gravels with an overall TMA recovered grade
of 242.69 carats per hundred tonnes ("cpht") at a bottom screen
size of 1mm. Of this, the "Gem Box" suite comprised 99% of the TMA,
with the heavy industrial minerals "HIM" suite of zircon and rutile
accounting for the balance of 1%.
BS-1230 is the first sample from Zone 2 to incorporate spinel,
ilmenite and garnet in the "Gem Box" suite, following the update of
the Company's TMA announced 3 July 2018, due to their gem quality.
The addition of spinel resulted in a significant increase in the
overall TMA grade of BS-1230.
The size range distribution of the TMA recovered from BS-1230 is
summarised below in Table 1
Extra Fines (0.01 Fines (0.66 to Mids (1.2 to 2.49 Coarse (2.5 cts
to 0.65 carats) 1.19 carats) carats) and more)
90.2% 5.2% 3.5% 1.1%
--------------- ------------------ ----------------
Commenting on the results, Avi Taub, CEO of Shefa Yamim,
said:
"The results from the bulk sample of Zone 2, together with the
excellent grade achieved in Zone 1 reported by the Company last
week, further highlight the potential of the Kishon Mid-Reach
deposits and have led to a significant increase in the level of
confidence in the project.
"The multi-commodity findings, of nine different types of
gemstones, led the Company and its professional geological
consultants to name the assemblage of gemstones found in the
permitted areas as Shefa Yamim "GEM-BOX".
Kishon Mid-Reach Zone 2 Bulk Sampling Programme:
The bulk samples are sourced from short trenches excavated
approximately perpendicular to the paleo-flow direction of the
ancient Kishon course preserved in low terraces flanking the modern
river course. In following the system adopted for Zone 1, the bulk
samples in Zone 2 will also be sited across the paleo-valley to
form part of a sample grid to systematically investigate the
gemstones content of the paleo-Kishon River basal placer
gravels.
The bulk sample trenches, some 8 - 20 m long by 4 - 8 m wide,
are excavated down to the bedrock (footwall) contact through a
total sediment thickness of some 5 - 8 m, of which the basal target
gravels comprise some 1 - 4 m. Approximately 250 to 550 tonnes of
coarse basal gravels are removed from the field site to the
dedicated treatment facility operated by Shefa Yamim in Akko. There
the bulk sample is scrubbed, screened (bottom screen size is 1 mm)
and jigged (vibrated and washed) to concentrate the heavy minerals
which are then hand-picked in a secure laboratory by trained
personnel. All sample concentrates are kept for audit purposes and
the basal gravel tailings are returned to the original bulk sample
trench where, together with the overburden fines, the excavations
are back-filled and rehabilitated.
- Ends -
Competent Person:
This release has been approved by Dr. J.D. Ward, Consulting
Geologist at Majimba Geo-Consulting. Dr. Ward is a qualified
geologist (Pr.Sci.Nat), and a leading alluvial diamond exploration
geologist with over 35 years' field experience.
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 Broker
-----------------
Andrew Raca, Stephanie Jury +44 20 3005 5000
-----------------
Daniel Stewart & Company - Joint Broker
-----------------
Jon Levinson, Richard Potts +44 20 7796 4648
-----------------
Luther Pendragon
-----------------
Harry Chathli, Ana Ribeiro, Alexis
Gore +44 20 7618 9100
-----------------
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 (volcanic primary bedrock sources of
gemstone and industrial minerals) and the Kishon Mid Reach
(secondary alluvial placer deposits hosting the gemstone and
industrial minerals derived from primary bodies).
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") 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 gemstones and industrial minerals. The
gemstones collectively make up the "Gem Box" suite, comprised of
diamond (rare and small macro-diamond to microdiamond sizes),
natural moissanite (that is rare globally), sapphire, ruby, Carmel
Sapphire(TM) (a new sapphire type found, to date, only in northern
Israel), hibonite (another rare gem), garnet, ilmenite and spinel.
The heavy industrial minerals constitute the "HIM" suite hosting
zircon (which may be gem grade at larger sizes) and rutile.
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END
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