Last checked at 9 May 2018 07:00
B"H
9 May 2018
Shefa Yamim (A.T.M.) Ltd.
("Shefa Yamim" or the "Company")
Prospecting Permits Granted
Shefa Yamim (LSE: SEFA), a precious stone exploration and prospecting Company in Northern Israel, is pleased to announce that it has been granted two extended prospecting permits covering a total of 440,455 Dunams (44,045 hectares) from the Ministry of Energy Natural Resources Administration, Israel.
Permit 837A11 for the Carmel site covers an area of 327,551 Dunams (32,755 hectares) and 899A6 for the Ramot Menashe site covers an area of 112,904 Dunams (11,290 hectares).
The Company's total permits, including exploration permit 869B7 covering 173,888 Dunams (17,389 hectares) extend over an area of approximately 600,000 Dunams (60,000 hectares) that includes the Kishon River, the volcanic bodies on Mount Carmel, the Zevulun and Yizre'el valleys and their margins - Menashe Hills, Tivon-Alonim Hills and Nazareth range.
The permits provide the Company with exclusive prospecting rights for diamonds, gold and precious stones over the permitted areas for a period of a year and entitles the Company to conduct all required actions connected with prospecting for the minerals specified above.
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Enquiries
Shefa Yamim (A.T. M.) Ltd.
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Avi Taub, Chief Executive Officer www.shefayamim.com | +44 20 7618 9100 |
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VSA Capital Limited - Financial Adviser and Joint Broker
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Andrew Raca, Stephanie Jury | +44 20 3005 5000 |
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Daniel Stewart & Company - Joint Broker
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Jon Levinson, Richard Potts | +44 20 3005 5000 |
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Luther Pendragon
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Harry Chathli, Ana Ribeiro, Alexis Gore | +44 20 7618 9100 |
Notes to Editors
About Shefa Yamim (A.T.M.)
Shefa Yamim is a multi-commodity precious stone exploration and prospecting Company in Northern Israel. It has two flagship projects, Mount Carmel and the Kishon Reach.
After 18 years of exploration in a "greenfields" terrain, Shefa Yamim established a "Source to Sink" geological model and the presence of a Target Mineral Assemblage ("TMA Suite") in both primary volcanic sources and in secondary alluvial deposits lying within the Kishon catchment, on Mount Carmel and in the Ramot Menashe area.
The TMA comprises Precious Stones (Diamond, natural moissanite that is rare globally, sapphire, ruby, Carmel Sapphire™) and Heavy Minerals ("HIM Suite") that include corundum, zircon, rutile, ilmenite and garnet.