Shefa Yamim (A.T.M.) Ltd Bulk Sample Results (2211I)

TIDMSEFA

RNS Number : 2211I

Shefa Yamim (A.T.M.) Ltd

20 March 2018

B"H

20 March 2018

Shefa Yamim (A.T.M.) Ltd

("Shefa Yamim" or the "Company")

Shefa Yamim announces bulk sample results at its Kishon Mid-Reach Project

Largest precious stone recovered: Sapphire 5.52 carat, Carmel Sapphire(TM) 4.86 carat

Shefa Yamim (LSE: SEFA), a precious stone exploration company in Northern Israel, is pleased to announce the results from bulk samples BS-1212, BS-1227 and BS-1226, part of a fourteen bulk sample exploration campaign to determine a resource estimate for gem and other heavy minerals in Zone 1 of the Kishon Mid-Reach project. A total of 744.8 carats ("ct") of heavy minerals were recovered from 1,485 tonnes (t) of basal gravels with an overall heavy mineral grade of 50.1 ct per one hundred tonnes ("cpht"). The largest stones recovered were a 5.52 ct Sapphire and a 4.86 ct Carmel Sapphire(TM).

Bulk Sample Highlights

   --     5.52 ct Sapphire recovered from bulk sample BS-1227 
   --     4.86 ct Carmel Sapphire(TM) recovered from bulk sample BS-1212 

-- Variety of gemstones recovered is consistent with previous bulk sample results making Shefa Yamim a multi-commodity company

Commenting on the results, Avi Taub, CEO of Shefa Yamim, said:

"These results firmly support the potential of the Kishon Mid-Reach project. Shefa Yamim's uniqueness lies in the multi-commodity precious stones found so far, our suite of precious stones truly differentiates us from our competitors. The Company has now processed some 6,010 tonnes from a total of 6,386 tonnes of bulk sample material sampled by Shefa Yamim. Recent upgrades at our processing plant in Akko will allow us to process the remaining stockpile more rapidly. The company will report the remaining results in due course."

Bulk Sample Details:

Bulk samples BS-1212, BS-1227 and BS-1226 are the tenth, eleventh and twelfth bulk samples to be processed from Zone 1 of the Kishon Mid Reach exploration area. The samples consisted of 535t, 551t and 399t of basal gravels respectively. Shefa Yamim has identified a target mineral assemblage (TMA Suite: Target Mineral Assemblage) with two sub categories; the DMCH Suite consisting of Diamond, Moissanite, gem Corundum species (sapphire, ruby and Carmel Sapphire(TM)) and Hibonite and the HIM Suite consisting of the heavy industrial minerals: garnet, ilmenite, zircon and rutile.

Table 1: DMCH suite bulk sample results

 
                      Carmel Sapphire(TM)      Sapphire         Ruby        Moissanite      Hibonite         Total 
 Sample     Size, t      ct         cpht      ct     cpht     ct    cpht    ct    cpht     ct    cpht     ct     cpht 
 BS-1212      535       42.39       7.92     14.69   2.75    0.03   0.01   0.06   0.01    0.86   0.16    58.04   10.85 
 BS-1227      551       38.23       6.94     55.26   10.03   0.15   0.03   0.04   0.01    3.50   0.63    97.18   17.64 
 BS-1226      399       7.95        1.99     12.98   3.25     0      0     0.07   0.018   0.07   0.017   21.07   5.28 
 

Table 2: HIM suite bulk sample results

 
                          Garnet          Ilmenite         Zircon        Rutile          Total 
 Sample     Size, t     ct     cpht      ct     cpht     ct     cpht    ct    cpht     ct     cpht 
 BS-1212      535     35.81    6.69    15.45    2.89    0.73    0.14   0.15   0.03   52.14    9.74 
 BS-1227      551     185.04   33.58   145.63   26.43   12.57   2.28   0.85   0.15   344.09   62.45 
 BS-1226      399     113.27   28.39   57.64    14.45   1.14    0.28   0.3    0.08   172.34   43.19 
 

Although the Carmel Sapphire(TM) is the dominant gem mineral in most of the Zone 1 bulk samples to date, the southernmost bulk samples of BS-1226 and BS-1227 have returned higher sapphire values than the Carmel Sapphire(TM) (Table 1). In BS-1227 the recovery of 55.3ct of sapphire was the highest for a single bulk sample to date, whilst the individual sapphire recovered weighing 5.52ct was close to the largest ever discovered by Shefa Yamim which was 5.72ct.

In these last 3 bulk samples, the grades for the DMCH were in line with prior bulk sampling results while, unusually in the case of BS-1212, the DMCH suite of minerals was more prevalent than the HIM suite. The concentration of minerals in these samples confirms the nugget effect in heavy mineral concentration expected in this alluvial deposit. The variation in overall grades is also in line with what might be expected for a placer with semi mobile trapsites. The TMA was represented by all minerals except for diamonds which have only rarely been found in the Kishon Mid Reach area.

Information on historical bulk samples can be found on our website:

https://irp-cdn.multiscreensite.com/ac660adf/files/uploaded/SY_CPR_10_2017.pdf

   -     Ends     - 

Competent Person:

This release has been approved by Dr. J.D. Ward, Consulting Geologist at Majimba Geo-Consulting. Dr. Ward is a qualified geologist (Pr.Sci.Nat), and a leading alluvial diamond exploration geologist with over 35 years' field experience.

Enquiries

 
 Shefa Yamim (A.T. M.) Ltd 
---------------------------------  ----------------- 
 Avi Taub, Chief Executive 
  Officer 
  www.shefayamim.com                [phone] 
---------------------------------  ----------------- 
 
 VSA Capital Limited - Financial 
  Adviser and Broker 
---------------------------------  ----------------- 
 Andrew Raca, Stephanie Jury        [phone] 
---------------------------------  ----------------- 
 
 Luther Pendragon 
---------------------------------  ----------------- 
 Harry Chathli, Ana Ribeiro, 
  Alexis Gore                       [phone] 
---------------------------------  ----------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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March 20, 2018 03:01 ET (07:01 GMT)