Kemin Resources Regulatory News (KEM)

25 Jul 2008 13:47

25 July 2008 AIM: GMA

GMA Resources Plc

Result of Annual General Meeting

GMA Resources Plc ("GMA" or "the Company") is pleased to announce that all of the resolutions proposed to shareholders at the Company's annual general meeting, held earlier today, were duly passed. 

Enquiries:

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 exploitation authorization to the Tirek-Amesmessa property, an area of some 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 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 and Amesmessa, offers considerable potential for the development of additional prospects amenable to open-pit mining. GMA Resources 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). 

For further information on the Company, please visit: www.gmaresources.co.uk