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Shefa Yamim (A.T.M.) Ltd.
Summary
| Project: | Kishon River | |
|---|---|---|
| Deposit: | Kishon Mid-Reach | |
| Location: | Israel | |
| Commodities: | Diamonds-Sapphire-Ruby-Silica-Hibonite | |
| Date: | 11/29/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-11-2018: Shefa Yamim (A.T.M.) Ltd. announces a Resource Estimation report for its Kishon Mid-Reach deposit at the Kishon River project. Exploration Target for Kishon mid reach. Shefa Yamim (LSE: SEFA), a precious stone exploration company in Northern I | |
| Resources: | Exploration Target: 4.980Mt Placer gravel | |
| CP/QP: | [Overall Report]: J.D Ward (Majimba Geo-Consulting) | |
| ABSTRACT: | Shefa Yamim (LSE: SEFA), a precious stone exploration company in Northern Israel, is pleased to announce a significant increase in the estimated tonnages of mineralised placer (basal) gravels for its Kishon Mid-Reach project following the results of the Note For The Record ("NFTR") report. Following the completion of the drilling and bulk sampling campaigns in Zone 1, together with the recent exploration advances in Zone 2 and the limited access to the Zone 3 deposit, the NFTR report, which was completed by consulting geologist, Dr John Ward, provided updated estimates of the areas and tonnages for all three exploration target Zones. These updated estimates are derived from additional field mapping and drilling in Zones 1-3, including the successful awarding of the recently approved Prospecting Licence 869C9 that covers Zone 1 within the larger Exploration Permit 869B8. Zone 1 (Prospecting Licence 869C9) alone hosts approximately 1.1 Mt of mineralised placer (basal) gravels under almost 2 Mt of overburden. The total estimated exploration target for all three exploration Zones is almost 5 Mt of placer (basal) gravels under approximately 10 Mt of overburden in the Kishon Mid-Reach alluvial placer. TABLE 1: Summary of the updated areas and tonnages estimated for the exploration target Zones 1, 2 and 3 of the Kishon Mid-Reach alluvial placer. Note: Areas and tonnes rounded down | |
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