logo-loader
viewShefa Gems Ltd

Shefa Gems renews exploration permits at Kishon

The permits are for the Kishon River and Kishon Mid Reach Zones 2 and 3 prospects

sapphire
Licence area includes Mt Carmel - the source of carmeltazite

Shefa Gems PLC (LON:SEFA) has had its exploration permits for the Kishon River and Kishon Mid Reach Zones 2 and 3 prospects renewed for a further year. 

Work is continuing on the procedures for a mining licence for Zone 1 where trial mining is planned to start in 2020.  

Avi Taub, chief executive, added:  "With the additional funding secured in May 2019, we have been able to accelerate our exploration efforts in the Kishon Mid Reach area. 

“Notably, the bulk samples recently collected from the campaign at Kishon Mid-Reach Zone 2 have begun treatment and analysis at the Company's operational site in Akko.”

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

Trump moves to shore up US agriculture after latest tit-for-tat tariffs

Mining Capital's Alastair Ford tells Proactive Investors the geopolitical interest this week has been on the US agricultural sector as Donald Trump announced a multi billion dollar aid package for US farmers who've been hit by the tariff war. ''The Chinese are now implementing tariffs on...

on 28/7/18

2 min read