In November 2010 RUN conducted follow-up infill drilling near Tumas Zone 3 of the Tubas-Tumas palaeochannel to investigate reverse circulation (RC) drilling results indicating the potential for basement mineralisation below a relatively high-grade section of the palaeochannel on RUN's EPL 3496.
The Tumas Zone 3 reconnaissance drill data was evaluated by Hellman & Schofield (H&S) as part of the upgraded Tumas JORC Resource estimate (ASX 28 October 2010).
The two calls came about three minutes apart,'' Tumas said.
Tumas Zone 1 was the subject of a previous resource estimate by H&S in February 2009.
The previous resource estimate for Tumas (Zone 1 only) was conducted by H&S in February 2009 and totalled 10.
Jamie Tumas, Manager, eBay Sales -- Tumas joins New Age to assist with future strategic sales, marketing and e-commerce initiatives for HP.
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Socar Trading SA has 20 per cent share in the project, UK's Gasol plc 30 per cent and GEM Holdings Ltd, a group of Maltese investors including Gasan and Tumas Group has 30 per cent share.
Electro Gas Malta, represented by local companies Gasan and Tumas Group, was selected as the ideal bidder for the government's power purchase and gas supply agreement.