Shefa Gems Ltd Result of AGM (2519V)
August 05 2020 - 7:37AM
UK Regulatory
TIDMSEFA
RNS Number : 2519V
Shefa Gems Ltd
05 August 2020
5 August 2020
Shefa Gems Ltd.
("Shefa Gems" or the "Company")
Result of AGM
Shefa Gems (LSE: SEFA), a company focused on advanced
exploration and development of multi-gemstone projects in Northern
Israel, is pleased to announce that at the Annual General Meeting
of the Company, held earlier today, all resolutions were duly
passed.
Enquiries
Shefa Gems Ltd
Michael Rosenberg, OBE - Chairman
Tali Shalem - Chief Executive Officer +44 7785 727595
www.shefayamim.com +972 50 447 5770
VSA Capital Limited - Financial
Adviser
Andrew Raca +44 20 3005 5000
SI Capital Limited - Broker and
Strategic Adviser
+44 20 3871 4038 / +44
Nick Emerson and Jon Levinson 1483 413500
Notes to Editors
About Shefa Gems Ltd
Shefa Gems Ltd (LSE: SEFA) is an explorer and developer of
precious gems deposits operating in Northern Israel. Exploration
activity is managed by professionally skilled and technically
competent personnel and is accompanied by an international team of
geological experts. All exploration activities are conducted under
international standards and the internationally recognized SAMREC
2016 Code.
The Company holds three permits, granted to it by the
Commissioner of Mines at the Ministry of Energy, Natural Resources
Administration, Israel, extend over an area of approximately
488,366 Dunams (48,836 hectares) that includes the Kishon River,
the volcanic bodies on Mount Carmel, the Zevulun and Yizre'el
valleys and their margins.
Shefa Gems has established a "Source to Sink" geological model
and the presence of a Target Mineral Assemblage of gemstones ("TMA
Suite") in both primary volcanic sources and in secondary alluvial
deposits lying within the Kishon catchment, on Mount Carmel and in
the Zevulun and Yizre'el valleys and their margins. The TMA suite
comprises Precious Stones (Diamond, rare natural moissanite,
sapphire, ruby, Carmel Sapphire(TM), garnet, hibonite, spinel,
ilmenite) and heavy minerals including zircon and rutile.
On March 2020, the Quarries and Mines Branch of the Ministry of
National Infrastructures of the State of Israel has awarded a
Certificate of Discovery to the Company covering the projected
gemstone mine development in the Kishon Mid Reach, Zones 1 and 2.
The Certificate of Discovery is the culmination of the Company's
successful exploration activities and market analysis; and signals
the beginning of the process towards future commercial mining. 20
years of exploration in the Kishon valley have brought the Company
one step closer in the establishing Israel's first and only future
precious gemstone mine, originally identified and progressed by the
founder of the company, the late and much missed Abraham (Avi)
Taub.
Alongside its exploration activities, the Company is developing
a "Mine to Market" strategy to promote unique jewellery collections
utilising Shefa Gems' suite of precious gemstones.
The Company upholds environmental values and protects the nature
in the areas where it operates, cooperating fully with all
authorities.
For further information please visit the website at
www.shefagems.com
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END
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