10th Apr 2008 07:00
GMA Resources PLC10 April 2008 10 April 2008 AIM: GMA GMA Resources plc ("GMA" or "the Company") FIRST QUARTER PRODUCTION REPORT GMA Resources announces today that gold production at its Amesmessa project InAlgeria is continuing to meet expectations. Production figures for January, February and March are summarised below: ACTUAL Au OUNCESJanuary 1,196February 1,929March 2,781Total 5,906 Douglas Perkins, Chief Executive Officer of GMA, comments: "We are extremelypleased with the latest production figures from Amesmessa, which meet ourexpectations and confirm that the project continues to progress well. Theseproduction numbers represent an increasing flow of production from the projectand revenues, which the company expects to maintain over the coming months.Exploration activities within the Tirek-Amesmessa concession continue and wewill keep shareholders informed of new developments in both production andexploration as they happen in Algeria." This announcement has been reviewed and approved by Kenneth Norris, P.Eng, ChiefOperating Officer of the Company, who is a qualified person for the purposes ofthe Guidance Note for Mining, Oil and Gas Companies issued by London StockExchange plc. Further enquires: 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 END 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-Amesmessa property, an area ofsome 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 inthe extreme south of the permit area. The Tirek gold mine is located centrallyin the northern third of the exploration permit area, some 60 km north ofAmesmessa. Research to date suggests that the Zita Zone, which lies betweenTirek and Amesmessa, offers considerable potential for the development ofadditional prospects amenable to open-pit mining. GMA Resources plans to quicklyexpand 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). GMA currently 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:
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