James Campbell is Managing Director of Botswana Diamonds plc and has spent over thirty years in the diamond industry in a variety of roles. He is also a Non-Executive Director of Shefa Yamim ATM and talks to Share Talk about Shefa Yamim (LSE: SEFA), a precious stone exploration company in Northern Israel.
Shefa Yamim has appointed PPM, a South African project management and engineering company with extensive experience in carrying out due diligence work as well as managing and executing projects within the mining sector, to provide the Company with working and capital costs of bringing the Kishon Mid-Reach alluvial deposit into production.
The report, which is due to be completed by the end of August 2018, is the first step in starting to build the economic profile of the project as the company progresses towards commercial production.
Shefa Yamim currently has one exploration permit and two prospecting permits covering an area of more than 600 square km that includes the Kishon River, the volcanic bodies on Mount Carmel, the Zevulun and Yizre’el valleys and their margins – Menashe Hills, Tivon-Alonim Hills and Nazareth range.
Shefa Yamim holds a well-established Operational Site & Laboratories in Akko (total of 6,000 square metres) that has the capacity to process a range of sample sizes (more than 600 tonnes) for final mineral extraction, including washing, screening, sieving, mineral identification and definition.
To date the Company has carried out an extensive exploration programme and has delineated several potential primary sources and secondary deposits that host precious stones.
Currently the Company is focusing on mapping, drilling of boreholes and taking bulk samples at the Kishon Mid Reach placer, the Company’s priority target.
The Company has devised a mine-to-marketing strategy and plans to explore, mine and use its “Gem-Box” of precious stones to design unique and branded fine gemstone jewellery pieces from the Holy Land
