11th Mar 2009 16:22
|
11 March 2009 |
AIM: GMA |
GMA Resources Plc
("GMA" or the "Company")
Holdings in Company
Following notification received today, the Company announces that following transactions on 24 February 2009, CIM Special Situations Fund Limited no longer holds a notifiable interest in GMA.
Enquiries:
|
GMA Resources Plc |
Douglas Perkins |
+1 514 806 6788 |
|
John East & Partners 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