10th May 2010 11:01
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AIM: GMA |
10 May 2010 |
GMA Resources plc
("GMA" or the "Company")
Holdings in Company
The Company announces following notification received on 7 May 2010, that following purchases on 5 May 2010, JP Morgan Asset Management Holdings, Inc., via JP Morgan Asset Management (UK) Limited, holds a total of 22,698,400 ordinary shares in the capital of GMA, equivalent to 4.84 per cent. of the voting share capital of the Company.
Enquiries:
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GMA Resources Plc
|
Ken Crichton |
+20 (0)10766 6118 |
|
Merchant John East Securities Limited (Nomad)
|
Bidhi Bhoma |
+44 (0) 20 7628 2200 |
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 authorisation 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 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
Related Shares:
Kemin Resources