logo-loader
viewShefa Gems Ltd

Shefa Gems completes bulk sample at Kishon Mid-Reach Zone 2

The bulk sampling completes Shefa's exploration efforts at Kishon Mid-Reach Zone 2

1561362344_Carmel+Sapphire+TM1.jpg
Carmel Sapphire from Kishon Mid-Reach

Shefa Gems Ltd (LON:SEFA) has completed the excavation of four new bulk samples and one mini bulk sample from target gravel horizons in the Kishon Mid-Reach Zone 2 in Israel. 

To date, a total of 30 bulk and mini bulk samples have been collected from the Kishon Mid Reach Zone 2 and 6,094 tonnes of gravel.

WATCH: Shefa Yamim 'uniquely placed' as it looks forward to near-term production and revenue

The new collected samples, with a total weight of 2,255 tonnes, have been transported for treatment and analysis to the company's operational site in Akko.

Upon completion of the analysis at Akko, the company will apply for a prospecting license, bringing Zone 2 to the same development level as Zone 1 and thereby enlarging its deposit base.

"The company is continuing its systematic exploration of its concession areas with a view to increasing the size of its deposit ahead of trial mining and commercialisation,” said non-executive director James Campbell.

“Whilst results from these new bulk samples will not be known for some time, the results from the bulk samples from Zone 2 treated so far are highly prospective for natural moisannite. Natural moisannite was valued by an independent gemmologist at US$10,000 per carat.”

He added: "The strong level of interest and commercial potential of our gemstones has been further evidenced by the successful launch of the 'Heaven on Earth' jewellery collection, created by world-renowned jewellery designer, Yossi Harari, which include gemstones such as natural moissanite and Carmel sapphire."

 

 

Quick facts: Shefa Gems Ltd

Price: 4.25 GBX

LSE:SEFA
Market: LSE
Market Cap: £7.33 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Shefa Gems Ltd named herein, including the promotion by the Company of Shefa Gems Ltd in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Shefa Gems to start trial mining

Gemstone group Shefa Gems Ltd's (SEFA) focus over the next six months is to get a permit to start trial mining at the Kishon Mid-Reach Zone 1 in Israel. Non-Executive Chairman Michael Rosenberg tells Proactive London there's been a huge amount of work done this year and the company focus is now...

on 29/8/19

2 min read