Kemin Resources Regulatory News (KEM)

28 Jan 2008 14:53

GMA Resources PLC28 January 2008 28 January 2008 AIM: GMA This replaces RNS number 6711M. Please note the correction in this releasealters 600 square meters to 6000 as outlined below: "Further to our announcement of the commencement of leaching on January 7,2008,we are pleased with the results from the first 6000 square meters under leach. We have also removed the sentence 'The photo is of Ken Norris Chief OperatingOfficer. ' GMA Resources Plc ("GMA" or "the Company") FIRST GOLD POUR AT AMESMESSA The Company is pleased to announce that his Excellence, the Minister of Energy &Mines, Dr. Chakib Khelil and his delegation which included the Wali ofTamanrasset visted Amesmessa on January 26, 2006 for the official opening of theAmesmessa Mine and the first gold pour. There were two bars poured for a totalweight of over 24 kilograms. The grade was 87% gold and 12% silver producingover 672 ounces of gold. There will be one further pour in January. Au Ag Base Bar Wt Yield Yield DETECTION LIMIT 0.01 0.01 0.01 0.1 0.01 0.01 % % % Gm Oz. Troy Au Oz. Troy Ag AMS001 87.12 11.64 1.24 9185.0 257.27 34.37 AMS002 86.48 12.15 1.36 14,936.0 415.28 58.34 AVERAGE/TOTAL 86.80 11.90 1.30 24121.00 672.55 92.72 Douglas Perkins, CEO of GMA, commented: "Further to our announcement of thecommencement of leaching on January 7,2008, we are pleased with the resultsfrom the first 6000 square meters under leach. This proves that Amesmessa oreleaches well. We will continue to increase our area under leach and tonnes onthe pad. This is the next step towards commercial production at Amesmessa. Itwas a big day for the employees of ENOR who have been working so hard to makethis happen. We will keep shareholders informed of new achievements towardscommercial production at Amesmessa as they happen." Enquiries: GMA Resources Plc John East & Partners Parkgreen CommunicationsDouglas Perkins Simon Fox / Bidhi Bhoma Louise Goodeve / Justine Howarth+1 514 806 6788 +44 (0) 20 7628 2200 +44 (0) 20 7851 7480 Notes to Editors: GMA owns a controlling 52% stake in ENOR spa ("ENOR"), the Algerian basedoperating company for the Tirek -Amesmessa project, with the remainder owned bySonatrach, the Algerian state-owned oil and Gas company. ENOR holds the exploitation permit to the Tirek-Amessmessa property, an area ofsome 1,417 km2, located approximately 450km south west of the city, Tamanrasset,in southern Algeria. The Tirek gold mine is located centrally in the northernthird of the exploration permit area, some 60 km north of Amessmessa, an openpit gold mine, which is in the extreme south of the permit area. The Zitaarea, which lies between Tirek and Amessmessa, also shows considerable potentialfor development of prospects amenable to open-pit mining. GMA plans to quicklyexpand upon resources outside of the major 80km Tirek-Amessmessa fault north/south of the concession. GMA's shares are traded on the AIM market of the London Stock Exchange. GMAcurrently has 354,418,493 ordinary shares in issue. For further information on the Company, please visit; www.gmaresources.co.uk This information is provided by RNS The company news service from the London Stock Exchange