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GMA Resources Plc owns a controlling 52% interest in the exciting 1,425 square kilometer Tirek-Amesmessa gold concession in Southern Algeria. The other 48% is a participating interest owned by the State owned Sonatrach AVAL, the Algerian Oil & Gas giant. The Company recently constructed a new heap leach facility at Amesmessa that is now in operation and has begun an extensive exploration program over the entire concession. The Company’s shares are listed on the London Stock Exchange Alternative market (AIM) with the code GMA.
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» QUICK CONTACT
30, Princess Elizabeth Street
Ta’Xbiex, XBX 1104
MALTA
Telephone - +356 21 313 638
email - info@gmaresources.co.uk |
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| » The Tirek Mine |
The Tirek gold mine is located centrally in the northern third of the exploitation permit area some 60km north of Amesmessa which is in the extreme south of the permit area.
A gold deposit at Tirek was discovered in the early 1970s and the initial mine development commenced in October 1998 with a decision to mine a number of open cuts exploiting high grade quartz-reef lodes. Construction of a processing facility was completed in June 2001 and since that date ENOR has produced in aggregate approximately 20,000 ounces of gold from an open-pit mining operation. A resource statement for Tirek has been produced by the Algerian government agency ORGM totalling 576,225 ounces at an average grade of 17g Au per tonne. In addition, a South African based consulting group reported an open-pit mining resource of 152,000 tonnes averaging 21.3g Au per tonne and in addition an underground resource of 360,000 tonnes averaging 21g Au per tonne. Read more |
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| » Amesmessa Deposit |
An underground gold reserve has been identified at Amesmessa, 60kms south of the Tirek mine. Prospecting since the 1970's has discovered 50 mineralised veins in the Amesmessa area of which 36 have been the focus of detailed exploration work including trenching, drilling and underground workings. From this extensive work 18 mineralised veins have been considered of economic interest. A resource statement for Amesmessa has been produced by ORGM which has been recalculated by a US based consulting group. The original ORGM resource statement indicated 1,398,647 ounces of gold at 18.0g Au per tonne, while the updated model indicated 1,066,472 ounces of gold at 15.8g Au per tonne. Read more |
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| » Other Prospects in the ZITA zone |
There is considerable potential in the ZITA zone between Tirek and Amesmessa to develop other minor prospects with shallow resources amenable to trench or open-pit mining. ENOR has indicated that this zone contains a resource in the order of 1,300,000 ounces of gold. In addition, there is exploration potential within the permit area associated with mineral occurrences and geochemical anomalies along an 80km mineralised corridor associated with a major north-south shear zone between Tirek and Amesmessa. Read more |
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