17th Apr 2009 07:00
17 April 2009 AIM: GMA
GMA Resources Plc
("GMA" or "the Company")
VICE PRESIDENT EXPLORATION HIRED
GMA announces that Michel Cormier joins the Company to head up the exploration program in Algeria, with immediate effect.
Michel brings over 35 years' experience in geological exploration and development to GMA. Michel spent 20 years in the Val D'Or/Chibougamau region of Quebec working for Falconbridge Limited (now part of Xstrata plc) and Placer Dome Inc. (now part of Barrick Gold Corporation). For the past 12 years, Michel has been a key member of the team responsible for developing Canadian listed Semafo Inc. (TSX: SMF) from a small junior explorer to a mid-size gold producer in West Africa.
Michel is a "qualified person" for the purposes of the AIM Rules for Companies and is a member of the Ordre des ingénieurs du Québec and The Canadian Institute of Mines, Metallurgy and Petroleum. He holds a B.Sc.A and an M.Sc.A in Geological Engineering from Ēcole Polytechnique Montréal.
Douglas Perkins, Chief Executive Officer of GMA, commented:
"Both David Netherway (Chairman) and I have worked with Michel in the past and we are excited to have him back with us to pick up the exploration program which is so important to the future development of the ENOR Concession in Algeria."
Enquiries:
|
GMA Resources Plc Douglas Perkins |
Tel: +1 514 806 6788 |
|
John East & Partners Limited Bidhi Bhoma |
Tel: +44 (0) 20 7628 2200 |
Notes to Editors:
GMA owns a controlling 52 per cent. stake in ENOR spa ("ENOR"), the Algerian based operating company for the Amesmessa project, with the remainder owned by Sonatrach, the Algerian state-owned oil and gas company.
ENOR holds the exploitation authorization to the Tirek-Amesmessa property, an area of some 1,417 km2, located approximately 450km south west of the city of 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 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 expand upon resources outside of the major 80km north/south Tirek-Amesmessa fault and other exploration targets on the property.
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