Shefa Yamim (LON:SEFA) has two of its prospecting permits renewed, covering a total of 44,045 hectares, by the Ministry of Energy, Natural Resources Administration, Israel.
The permits provide Shefa Yamim with exclusive prospecting rights for diamonds, gold and precious stones over the permitted areas for a period of a year.
Shefa Yamim has four permits in total. The four permits extend over an area of approximately 60,000 hectares that includes the Kishon River, the volcanic bodies on Mount Carmel, the Zevulun and Yizre'el valleys and their margins.
"The renewal of these two permits is another step for the Company moving to the advanced stages of exploring the permitted areas,” said chief executive Avi Taub