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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Gma Resources | LSE:GMA | London | Ordinary Share | GB0032875873 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.12 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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 END DRLILFIFLFLSIIV
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