Shefa Gems Share News (SEFA)

LONDON (Alliance News) - Precious stone exploration company Shefa Yamim Ltd said it completed its bulk sampling at the Kishon Mid-Reach Zone 1 near Kishon River, Israel.

The company has collected 14 bulk samples for a total of 6,385 tonnes of gravel from 137 drill holes in Kishon Mis-Reach Zone 1.

The bulk samples collected, showed that sapphire was the dominant gem mineral with the largest sapphire measuring 3.04 carats.

In Kishon Mis-Reach Zone 2, so far the company has collected 25 bulk samples from 23 drill holes for a total of 3,793 tonnes.

"We are delighted to mark the end of bulk sampling in Zone 1, which consisted of processing over 6,375 tonnes of material which confirmed the presence of diverse gem minerals. We have started processing bulk samples collected from Zone 2 and expect to process five bulk samples consisting of 2,900 tonnes of gravel. We look forward to reporting on our progress as we continue to assess the resource potential of the Kishon Mid-Reach area." said Chief Executive Officer Avi Taub.

Shares in Shefa Yamim were untraded on Monday, last quoted at 107.50 pence.