Carmel SapphireT formed of a new and rare mineral

RNS Number : 2976M

Shefa Yamim (A.T.M.) Ltd

07 January 2019

 

B"H

7 January 2019

Shefa Yamim (A.T.M.) Ltd

("Shefa Yamim" or the "Company")

Shefa Yamim's Carmel Sapphire™ formed of a new and rare mineral 

Carmeltazite, discovered by Shefa Yamim and found in its gemstone, the Carmel Sapphire™, has been recognised as a new and rare mineral

Shefa Yamim (LSE: SEFA), a precious stone exploration company in Northern Israel, is pleased to announce that carmeltazite, a mineral found in one of its gemstones, the Carmel Sapphire™, has been recognised and approved as a new mineral by the International Mineralogical Association ("IMA") Commission on New Minerals, Nomenclature and Classification.

The new mineral, first discovered by Shefa Yamim, was named carmeltazite due to its location of discovery on Mt Carmel ("CARMEL"), and due to its major chemical components, namely, Titanium, Aluminum and Zirconium ("TAZ"). The mineral is part of the remarkable mineral assemblage found as tiny inclusions inside Shefa Yamim's unique gemstone, the Carmel Sapphire™.

As stated in a published article entitled Carmeltazite, ZrAl2Ti4O11, a New Mineral Trapped in Corundum from Volcanic Rocks of Mt Carmel, Northern Israel, the mineral and its name have been approved by the IMA under the number 2018-103. The article was written by scientists from Macquarie University, the University of Western Australia, Università degli Studi di Firenze, Università degli Studi di Milano and Shefa Yamim.

This article was the product of research breakthroughs led by the collaboration of Shefa Yamim with Professor Bill Griffin and his research team from the ARC Centre of Excellence for Core to Crust Fluid Systems, Macquarie University, Australia. This collaboration began in 2014 and continued to complete the application to the IMA for the accreditation.

The Carmel Sapphire™ is a newly discovered type of corundum similar in appearance to the corundum, but unlike any other sapphire found in the world. The rough Carmel Sapphire™ is typically black, blue to green and orange-brown in colour. The largest stone found thus far is 33.3ct in weight (bulk sample 1124 from the Kishon Mid Reach, zone 1). The Company has already received a trademark from the Israeli Government to market the stones under the name "Carmel Sapphire".

Avi Taub, CEO of Shefa Yamim, said: "We are delighted that our Carmel Sapphire™ has been recognised as a host to many rare minerals. In today's world where the prices of gems are determined predominantly by their rarity, the Carmel Sapphire™ is a unique discovery because it has not been found anywhere else in the world and was discovered by Shefa Yamim in the soil of the Holy Land. We believe this substantially increases the potential value of our "Gem Box" of precious stones. The studies of Carmel Sapphire™ and its new minerals mark another milestone in the Company's journey as we continue our progress towards trial mining in Zone 1 in 2019."

-     Ends     -

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	[phone]
Daniel Stewart & Company - Joint Broker
Jon Levinson, Richard Potts	[phone]
Luther Pendragon
Harry Chathli, Alexis Gore	[phone]

Notes to Editors

About Shefa Yamim (A.T.M.)

Shefa Yamim is a multi-commodity precious stone exploration and prospecting Company in Northern Israel. It has two flagship projects, Mount Carmel (volcanic primary bedrock sources of gemstone and industrial minerals) and the Kishon Mid Reach (secondary alluvial placer deposits hosting the gemstone and industrial minerals derived from primary bodies).

After 18 years of exploration in a "greenfields" terrain, Shefa Yamim established a "Source to Sink" geological model and the presence of a Target Mineral Assemblage ("TMA") in both primary volcanic sources and in secondary alluvial deposits lying within the Kishon catchment, on Mount Carmel and in the Ramot Menashe area.

The TMA comprises gemstones and industrial minerals. The gemstones collectively make up the "Gem Box" suite, comprised of diamond (rare and small macro-diamond to microdiamond sizes), natural moissanite (that is rare globally), sapphire, ruby, Carmel Sapphire™ (a new sapphire type found, to date, only in northern Israel), hibonite (another rare gem), garnet, ilmenite and spinel. The heavy industrial minerals constitute the "HIM" suite hosting zircon (which may be gem grade at larger sizes) and rutile.

www.shefayamim.com 

 

END

 

 

MSCBIMBTMBAMTAL