7th Jan 2008 07:00
GMA Resources PLC07 January 2008 7th January 2008 AIM: GMA GMA Resources Plc ("GMA" or "the Company") COMMENCEMENT OF LEACHING AT AMESMESSA The Company is pleased to announce that leaching operations began at Amesmessaon December 30, 2007, following receipt of authorization from the AlgerianGovernment, to store and use cyanide at Amesmessa. On December 30, there was90,000 tonnes of ore on the pad with tonnage being increased daily at designcapacity. There are five drippers now under irrigation over a total of 6,000square meters and the Company expects to continue to expand the area underirrigation on a daily basis. The Company has tested all circuits for the production of gold dore and expectsto make gold pours during January. Douglas Perkins, CEO of GMA, commented: "Following the commencement of crushing, which was announced on November 6,2007, this is the next step towards commercial production at Amesmessa, which ison target for Q2 2008. We will keep shareholders informed of new achievements aswe work towards commercial production at Amesmessa." 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 ExchangeRelated Shares:
Kemin Resources