Kemin Resources Regulatory News (KEM)

7 Mar 2008 11:54

GMA Resources PLC07 March 2008 07 March 2008 AIM: GMA GMA Resources Plc ("GMA" or "the Company") FIRST PRODUCTION REPORT FROM AMESMESSA, ALGERIA Further to the commencement of production at Amesmessa as announced on January7th, t he Company announces that gold production at Amesmessa is progressingwell and in line with expectations. A summary of production for January and February is detailed in the table below: ACTUAL Au OUNCES 2008 OPERATING PLAN VARIANCE Au OUNCES (+ favourable) January 1,196 1,155 +41 February 1,929 1,743 +186 Total 3,125 2,898 +227 Douglas Perkins, CEO of GMA, commented: "We are delighted to be able to report avery successful first two months of production. We are pleased with theproduction levels achieved during this period and the way in which the dedicatedteam on site have overcome any early stage teething problems to deliver a smoothand successful start to production at Amesmessa. We will keep shareholdersinformed of any new developments in both production and exploration as theyhappen in Algeria." This announcement has been reviewed and approved by Kenneth Norris, P.Eng, ChiefOperating Officer of the Company, who is a qualified person for the purposes ofthe Guidance Note for Mining, Oil and Gas Companies issued by London StockExchange plc. 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 END 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-Amesmessa property, an area ofsome 1,417 km2, located approximately 450km south west of the city, Tamanrasset,in southern Algeria. Amesmessa is an open pit heap leach gold mine located inthe extreme south of the permit area. The Tirek gold mine is located centrallyin the northern third of the exploration permit area, some 60 km north ofAmesmessa. Research to date suggests that the Zita Zone, which lies betweenTirek and Amesmessa, offers considerable potential for the development ofadditional prospects amenable to open-pit mining. GMA Resources plans to quicklyexpand 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). GMA currently 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