Exploration Drilling Begins
04 11월 2003 - 9:03PM
UK Regulatory
RNS Number:6499R
GMA Resources PLC
04 November 2003
For release
4 November 2003
GMA Resources Plc: Exploration Drilling Program Commences
GMA Resources Plc, the gold mining company, has commenced an exploration
drilling program at the Tirek-Amesmessa Project, in Southern Algeria. The
drilling program is part of the agreed development plan established between GMA
Resources and ENOR Spa (52% owned by GMA Resources), the Algerian company which
holds the mining tenements.
GMA Resources has prepared a drilling program, consisting of approximately
15,000 metres of reverse circulation (RC) drilling and 2000 metres of diamond
drilling, aimed at:
* improving existing resource estimates, enabling mine design and
reserve estimates for the major gold bearing quartz veins; and
* increasing the resource base by exploring other gold bearing quartz
veins at Tirek, Amesmessa and the 60 km long zone between them known as "ZITA".
The RC drilling component of the program commenced with the mobilisation of two
RC drilling rigs from Mauritania, which arrived on site at Tirek on 16th
October. Drilling commenced on 24th October and is expected to be completed by
January 2004.
ENDS
For further information contact:
GMA Resources Tel: (0033) 678389762
Colin Ikin, Chief Executive
Binns & Co PR Ltd Tel: 020 7786 9600
Peter Binns/Emma McCaffrey
This information is provided by RNS
The company news service from the London Stock Exchange
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