La Mancha Discovers a Mineralized Structure Extending Over 800M at Sissedougou
Published : January 31, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

PARIS--(Marketwire - January 31, 2012) - La Mancha Resources Inc. (TSX: LMA)

Côte d'Ivoire exploration results confirm potential of two properties:

  • Sissedougou (100% La Mancha owned)
    • Excellent drill results suggest the presence of an 800-metre long mineralized structure
    • High grades were intersected over widths of up to 34 metres
    • Some drill holes show numerous spots of what appears to be visible gold
    • The mineralized area is open in all directions
    • 2012 drilling campaign expected to generate first 43-101 resource
  • Bondoukou (100% La Mancha owned)
    • Recent drilling confirms the potential of a second target

Grades of more than 30 g/t Au intercepted on both properties:

  • Sissedougou
    • 34.6 m @ 2.08 g/t Au at 74.6 m, including 1.0 m @ 31.52 g/t Au
    • 18.8 m @ 2.30 g/t Au at 26.1 m
    • 23.0 m @ 2.14 g/t Au at 112.6 m, including 2.0 m @ 10.70 g/t Au
  • Bondoukou
    • 24.0 m @ 1.09 g/t Au at 95.3 m
    • 1.0 m @ 37.00 g/t Au at 38.7 m

La Mancha Resources Inc. (TSX: LMA) (hereinafter "La Mancha" or "the Company") is pleased to report that its wholly-owned properties in Côte d'Ivoire have returned very promising drill results. All the drill results are shown in Tables 1 and 2 of the appendix.

Dominique Delorme, President and CEO of La Mancha, stated: "The Ity mine, and more recently the Tongon mine, have already confirmed Côte d'Ivoire's gold potential. The success of our exploration programs over the last few months can only add to the rising profile of this country within the gold community. Although our 2011 drilling program has confirmed the prospectivity of both of our two wholly-owned projects, Sissedougou and Bondoukou, the regularity, high grades and widths of the intercepts obtained over a strike length of more than 800 metres on the Sissedougou license places it in a class of its own. Moreover, Sissedougou's proximity to Rangold's multi-million-ounce Tongon gold deposit adds to the importance of the results released today. Sissedougou really has the potential to develop into a significant resource."

Sissedougou Property
As shown in Figure 1, the Sissedougou property is located 50 km south of the city of Boundiali, at the contact of the shear zone hosting the Tongon mine and the shear zone hosting the Sissingue advanced project and the Syama mine. The 3,378 metres drilled to date commenced in 2010 and were completed in the fall of 2011. This drilling was focused on the ZA-5 area of the permit.

Figure 2 illustrates that the fence lines drilled in the ZA-5 area include some interesting holes, suggesting the presence of a mineralized trend extending over more than 800 metres. This trend starts to the south with fence line 100N, where a 2-m interval grading 6.24 g/t Au was intersected, and stretches north over an 800-metre distance to profile 900N, where a 1-metre interval grading 7.52 g/t Au was intersected. The potential for the continuity of this trend to the north towards the ZA-6 area remains to be tested.

The best results of the Sissedougou campaign came from fence lines 500N and 700N in the central part of the ZA-5 area, where gold values were intersected over widths of up to 34 metres. The host rock is a set of interbedded metaconglomerates and meta-greywackes that contain a significant percentage of sulphides (mainly pyrite). The mineralisation appears to occur primarily in quartz veins, with numerous spots of what appears to be visible gold frequently identified (see Figure 3). These are polyphase veins that may represent a stockwerk, which would suggest potential for large volumes. This is illustrated by holes DD-06 and DD-09, which intersected 34.6 m @ 2.08 g/t Au and 23 m @ 2.14 g/t Au, respectively. True width corresponds to approximately 60-70% of reported width.

Bondoukou Property
La Mancha initiated exploration on the Bondoukou property in November 2008, with very little work having been done previously. The first exploration program returned very positive results, identifying six main anomalies on the property (ZA 1 to ZA 6) through stream sediment and large-scale geochemical soil surveying. A follow-up program was conducted in 2010 on ZA 3 (see press release dated August 23, 2010. In 2011, drilling focused on the ZA 6 anomaly, known as Songori.

As shown in Table 2, this year's drilling program on Bondoukou continued to return interesting results, with grades as high as 37.00 g/t Au.

NEXT STEPS
At Sissedougou, more drilling and some trenching is planned for 2012. Drilling will start soon, and some results are expected by the end of the second quarter of 2012. The budget for the program is currently $800,000 but could be increased depending on the results obtained. A minimum of 2,600 metres of drilling is planned. The objective of this next phase is to better assess the volume of the mineralization identified this year and to study the extensions in order to build a critical mass for the project. We expect this 2012 campaign to generate Sissedougou's first 43-101 resource.

TECHNICAL NOTE
The technical information in this news release was prepared under the supervision of Jean-Jacques Kachrillo, the Qualified Person under NI 43-101. Mr. Kachrillo is Vice President Exploration and a full time employee of La Mancha Resources. He has sufficient experience in the style of mineralization and type of deposit to qualify as a Qualified Person as defined in "National Instruments 43-101, Standards of Disclosure for Mineral Projects". Based on his information, Mr. Kachrillo has consented to the content of this press release in the form and context in which it appears. Mr. Kachrillo has read National Instrument 43-101 and has ensured that this press release has been written in compliance with that instrument.

The analysis of these recent samples met with all of La Mancha established Analytical Quality Assurance Program put in place to control and assure the analytical quality of assays in its gold exploration. This program includes the systematic addition of blank samples, pulp duplicates and internal material references ("standards") to each batch of samples sent for analysis. Blank samples are used to check for possible contamination in laboratory, duplicates allow the overall precision to be quantified while standards determine the analytical accuracy. All samples are half HQ or PQ Diamond drill core sampled on a one metre basis. Samples were assayed firstly at ALS laboratory in Bamako and in 2011 at the Veritas laboratory in Abidjan using for gold fire assays on a 30g sample followed by AAS.

ABOUT LA MANCHA RESOURCES Inc.:
La Mancha Resources Inc.
is an international gold producer based in Canada with operations, development projects and exploration activities in Africa, Australia and Argentina. La Mancha's shares trade on the Toronto Stock Exchange (TSX) under the symbol "LMA". For more information, visit the Company's website at www.lamancha.ca.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains certain "forward-looking statements", including but not limited to statements regarding the quantity of mineralization in place and its grade in Au, the mineable character of the drill results, mining exploration risks, calculation and evolution of mineral resources, the economic viability of Sissedougou and Bondoukou, the future value of La Mancha's exploration properties, future work programs and objectives associated therewith, drill targets and anticipated results, interpretation of work results, development plans and anticipated timetables, in particular as regards the economic and technical potential for a mining and milling operation. Forward-looking statements express, as at the date of this press release, the Company's plans, estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, factors associated with fluctuations in the market price of precious metals, mining industry risks, risks associated with foreign operations, environmental risks and hazards, uncertainty as to calculation of mineral reserves and other risks referred to in La Mancha's 2010 Annual Information Form filed with the Securities Commissions and the Toronto Stock Exchange.

See table in attachment.

LA MANCHA DISCOVERS A MINERALIZED STRUCTURE AT SISSEDOUGOU: http://hugin.info/145163/R/1581426/493932.pdf  



For additional information, please contact:
La Mancha
Martin Amyot,
Vice President Corporate Development
Tel: (514) 987-5115, Ext. 25
Email: Email Contact

Nicole Blanchard
Investor Relations
Tel: (514) 987-5115 Ext. 26
Email: Email Contact

Data and Statistics for these countries : Argentina | Australia | Canada | All
Gold and Silver Prices for these countries : Argentina | Australia | Canada | All

La Mancha Resources

PRODUCER
CODE : LMA.TO
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

La Mancha Res. is a gold producing company based in Canada.

La Mancha Res. holds various exploration projects in Argentina and in Australia.

Its main assets in production are WHITE FOIL, ITY, HASSAÏ and FROG'S LAKE in Australia, its main asset in development is FETEKRO in Australia and its main exploration properties are LA ORTIGUITA, BONDOUKOU, HUALILAN and ARIAB in Argentina and HASSAI VMS and PARK DAM in Australia.

La Mancha Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 499.5 millions as of today (US$ 500.2 millions, € 391.6 millions).

Its stock quote reached its lowest recent point on October 31, 2008 at CA$ 0.04, and its highest recent level on March 09, 2012 at CA$ 4.03.

La Mancha Res. has 142 716 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of La Mancha Resources
Annual Report
Nominations of La Mancha Resources
4/2/2012ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS
5/4/2011Appoints New COO and CFO
2/26/2007New Appointments to the Board of La Mancha
Financials of La Mancha Resources
3/28/2012POSTS RECORD NET EARNINGS OF $36.1 M AND RECORD OPERATING C...
8/8/2011POSTS RECORD NET EARNINGS FOR THE SECOND QUARTER
5/18/2011NET EARNINGS DOUBLE ON RECORD CASH FLOW FROM OPERATING ACTIV...
Project news of La Mancha Resources
2/11/2013Group implements its growth strategy in Australia: Gold prod...
11/13/2012ANNOUNCES COMPLETION OF COMPULSORY ACQUISITION BY WEATHER I...
3/27/2012MEASURED AND INDICATED RESOURCES MORE THAN DOUBLE TO 4.8 MI...
1/19/2012MEETS ITS 2011 GOLD PRODUCTION FORECAST
5/16/2011(Ity)POSITIVE FEASIBILITY STUDY FOR THE HASSA=C3=8F MINE: LA MANC...
5/9/2011(Ity)ITY MINE RESUMES OPERATION
3/29/2011(Frog's Lake)A Record Year for La Mancha in 2010 as Production Increases ...
2/24/2011(Ity)ITY Mine Update
8/23/2010(Fetekro)Intersects Grades of Up to 135 g/t Au at Its Fetekro Propert...
8/3/2010First Stages of Frog's Leg Drilling Extension Program Return...
7/29/2009(Hassaï)New Longhole Drilling Doubles the Length of La Mancha's Hass...
7/20/2009(Frog's Lake)Frog's Leg Mine to Boost its Average Annual Gold Production ...
5/26/2009(Hassaï)Confirms the Presence of a Second Enriched Zone at the Hassa...
2/17/2009(Frog's Lake)Plans to Increase Production to up to 100,000 oz of Gold in ...
1/22/2009(Frog's Lake)2008 Year End Production Increases 33% to 71,550 Ounces
1/7/2009(Hassaï)Hassai Mine Tailings Begin Adding to La Mancha's Gold Resour...
1/5/2009(Ity)Resource at La Mancha's Ity Mine Jumps 50% on Excellent Dril...
12/10/2008(Hassaï)Recent VMS Drilling Suggests the Presence of a Supergene Zon...
7/30/2008(Hassaï)Preliminary Drill Results at La Mancha's Hassai Mine Suggest...
8/8/2008(Frog's Lake)Posts its Highest Quarterly Gold Production to Date
5/13/2008(Frog's Lake)Obtains a First Gold Pour From New Australian Frog's Leg Min...
4/23/2008(Frog's Lake)Reports Wide High-Grade Intercepts 150 Meters Below Current ...
7/5/2007(Frog's Lake)Frog?s Leg?s Resource Nearly Doubles
Corporate news of La Mancha Resources
11/13/2012Offer Update
8/28/2012ACKNOWLEDGES WEATHER II TAKEOVER OFFER SUCCESSFUL AND DECLAR...
8/3/2012SECOND QUARTER GOLD PRODUCTION JUMPS 21% FROM THE PREVIOUS Q...
7/31/2012Offer Update - La Mancha TSX:LMA
7/20/2012Offer Document Posted - La Mancha TSX:LMA
7/13/2012REACHES DEFINITIVE AGREEMENT TO BE ACQUIRED BY WEATHER II AT...
6/21/2012DISCOVERS A SIGNIFICANT VMS LENS BELOW THE ODERU
6/15/2012(White Foil)WHITE FOIL PROPERTY SHOWS UNDERGROUND POTENTIAL WITH MINERA...
6/11/2012(Ity)New Drill Results at La Mancha's Ity Mine Indicate That Mine...
5/15/2012REPORTS Q1 NET EARNINGS OF $7.9 MILLION
4/9/2012ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS
3/22/2012Proven and Probable Reserves Grow by 36% at La Mancha's Frog...
3/14/2012ANNOUNCES AUCTION PROCESS
2/22/2012VMS Resource Increases to 81MT Indicated and 37MT Inferred
1/31/2012Discovers a Mineralized Structure Extending Over 800M at Sis...
9/12/2011HASSA=C3=8F VMS DRILLING UPDATE: INTERSECTS 3.30M @ 94 g/t G...
7/11/2011HIGHLIGHTS IMPORTANT STEP FORWARD FOR SUDAN
6/27/2011Hassai Mine's Third Quarter Production Impacted
6/17/2011(Ity)Clarification on CIL Feasibility Study
5/3/2011NOMME UN NOUVEAU CHEF DES OPERATIONS ET UN NOUVEAU CHEF DES ...
1/14/2011RECORD GOLD PRODUCTION IN 2010
7/22/2010Confirms the Discovery of a New Gold Mineralised Zone at its...
5/12/2010Continues to Generate Profits Into 2010
11/11/2009Reports Another Strong Quarter
8/7/2009Posts Record Quarterly Net Earnings As Gold Production Rises...
2/4/2009Takes Advantage of Strong Gold Prices
2/5/2008 to Spend $10.6 Million on Exploration in 2008
5/28/2007Completes the Renewal of the Ity Mine's Mining Permit
5/16/2007Frog's Leg Results Exceed Expectations
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (LMA.TO)Other OTC (LACHF)
3.50+0.00%3.48+0.00%
TORONTO
CA$ 3.50
11/08 12:07 -
0%
Prev close Open
3.50 3.50
Low High
3.50 3.50
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  3.50 -%
Volume 1 month var.
1,500 -%
24hGold TrendPower© : 18
Produces Gold
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 11/20/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.61+1.87%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.85-2.28%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.60+2.39%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.10+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.40-2.04%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 7.14-0.70%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.27+1.89%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.30+1.67%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.43+2.10%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 70.88+2.62%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :