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26 Jan 2010 07:00
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26Β January 2010 |
AIM: GMA |
GMA Resources Plc
Β ("GMA" or "the Company")
Appointment of Non-Executive Director
The Board of GMA Resources Plc announces the appointment ofΒ Ken CrichtonΒ asΒ aΒ non-executive directorΒ of the Company, with immediate effect.
MrΒ Crichton is aΒ miningΒ engineerΒ with 24 years experience,Β halfΒ of whichΒ was spentΒ working inΒ developing countriesandΒ a considerable partΒ inΒ activeΒ mine production roles.Β HeΒ worked for 15 years with BHP Billiton in both Australia and Indonesia and,Β for four and a half years,Β workedΒ with the Leighton Holdings Group of Companies, a leadingΒ construction andΒ miningΒ contractor in Papua New Guinea and Australia. In these roles he was involved in the management of a number of large mining contracts with clients such as Lihir Gold, Macarthur Coal and BHP Billiton. In addition,Β Mr CrichtonΒ was the General Manager of the Roche Eltin Joint Venture, responsible for the mining contract at the Century Zinc Mine in Queensland, Australia.Β
Douglas Perkins, CEO of GMA, commented; "We are very pleased to announce the addition of Ken to the Board of GMA. His wealth of mining experience and his strong 'hands-on' contracting background will clearly add to the progress of the Company."
UnderΒ Schedule 2,Β paragraph (g) of the AIM Rules, the following information is disclosed:
Kenneth Ronald Kennedy Crichton,Β agedΒ 47, isΒ currently the Chief Executive Officer and a director ofΒ ASCOM Precious Metals ("APM"),Β which isΒ focused on exploring and developing mining properties in the under-explored North and East African region. APM is the parent company of Sahara Gold Ltd. ("Sahara Gold"), which currently has a 6.98 per cent. interest in the capital of the Company. He is also a director ofΒ Sahara Gold and was previously a director ofΒ P.T.Β Billiton Indonesia and P.T. Maruwai Coal. HeΒ does notΒ have any beneficial or non-beneficial interestsΒ in the capital of the Company.Β
Mr Crichton has confirmed there is no additional information under Schedule 2, paragraph (g) of the AIM rules which needs to be disclosed.
Enquiries:
|
GMA Resources Plc |
Douglas Perkins |
+1 514 806 6788 |
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Merchant John East Securities LimitedΒ |
Bidhi BhomaΒ |
+44 (0) 20 7628 2200 |
Notes to Editors:
GMA owns a controlling 52% stake in ENOR spa ("ENOR"), the Algerian based operating company for the Tirek-Amesmessa project, with the remainder owned by Sonatrach, the Algerian state-owned oil and gas company.
ENOR holds the exploitationΒ authorisationΒ to the Tirek-Amesmessa property, an area of some 1,417 km2, located approximately 450km south west of the city, Tamanrasset, in southernΒ Algeria. Amesmessa is an open pit heap leach gold mine located in the extreme south of the permit area. The Tirek gold mine is located centrally in the northern third of the exploration permit area, some 60 km north of Amesmessa. Research to date suggests that the Zita Zone, which lies between Tirek andΒ Amesmessa, offers considerable potential for the development of additional prospects amenable to open-pit mining. GMA plans to quickly expand upon resources outside of the major 80km Tirek-Amesmessa fault north/south of the concession.
GMA's shares are traded on the AIM market of the London Stock Exchange (AIM: GMA).Β
For furtherΒ information on the Company, please visit:Β www.gmaresources.co.uk
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