POSITIVE DRILL RESULTS SOUTH OF FROG�S LEG MINE
HIGHLIGHTS:
� Drilling intersects significant gold values south of Frog�s Leg resource.
� Results appear to confirm the location of the Frog�s Leg shear zone on the Park Dam North project.
� The shear zone extends 3 km from the Frog�s Leg mine and remains open to the south.
La Mancha Resources Inc., Montreal, October 28, 2008 (TSX: LMA, hereinafter �La Mancha� or �the Company�) is pleased to report encouraging exploration drill results from the Foxdale Prospect south of the Frog�s Leg mine (refer to figure).
Best results include:
PDAC1012 7m @ 5.36g/t Au from 35m
PDAC1051 6m @ 2.00g/t Au from 45m
PDAC1002 3m @ 1.55g/t Au from 40m
PDDD002 0.4m @ 15.36g/t Au from 117.54m
In May 2008, an aircore drilling program (60 holes for 3,060m) was completed at the Foxdale prospect to improve coverage of previous drill programs. The target was a prominent NNE-trending aeromagnetic lineament with a coincident gold and multi-element anomaly (As, Sb, W, Te). The magnetic lineament and associated geochemistry are interpreted to delineate the southern extension of the shear zone that hosts the Frog�s Leg resource of approximately 1 million ounces of gold.
The best result from this program was 7m @ 5.36g/t Au in PDAC1012 in a sericite-pyrite-altered shear zone. This hole is located close to the eastern edge of the magnetic lineament and appears to confirm the interpreted location of the Frog�s Leg shear zone. Anomalous gold was also intersected in PDAC1051, located on the Frog�s Leg trend, 750m south of the mine. PDAC1051 returned a best result of 6m @ 2.0g/t Au.
In June, two Diamond holes were drilled in a traverse across the magnetic lineament and coincident multi-element anomaly at a location 800m north of PDAC1012 (refer to figure). PDDD002 and PDDD003 were drilled to 399m and 450m respectively. PDDD003 intersected two prominent zones of quartz veining adjacent to intercalated shale units and porphyry within Black Flag Bed volcaniclastics. Both zones are associated with shearing, strong alteration and pronounced sulphides. The best result was 0.4m @ 15.36g/t Au but there were several broad zones of low grade mineralization including 10m @ 0.7g/t Au from 63m in PDDD002.
Michel Cuilh�, Chairman and CEO of La Mancha, noted: �We are very excited with the drill results from the Foxdale prospect as they appear to confirm that the Frog�s Leg shear zone extends south onto the Park Dam North Project, a joint venture with Barrick Gold, with La Mancha as 51% owner and operator. Results from recent and historical drilling suggest that the shear extends at least 3km from the mine and remains open to the south. These results are important to La Mancha as they support the Company�s plan to use the Frog�s Leg mine as an anchor asset to develop a prominent gold camp in the region.�
The exploration of Park Dam North and Park Dam South tenements was started in the 1990s by the former owners and was halted prior to the transfer of the asset to La Mancha in 2006. This earlier exploration consisted primarily of shallow drilling along east-west traverses with occasional deeper holes to depth of up to 120m. The following table shows the best intersections obtained from previous drilling:
Hole ID |
Depth |
Interval |
Intercept |
PDAC073 |
60m |
60-61m |
1m @ 51.65g/t Au |
PDAC647 |
51m |
51-61m |
10m @ 1.08g/t Au |
|
54m |
54-56m |
2m @ 3.76g/t Au |
PDRC067 |
31m |
31-35m |
4m @ 2.48g/t Au |
PDAC333 |
37m |
37-42m |
5m @ 2.59g/t Au |
Although this historical drilling delineated several supergene gold anomalies that coincide with the interpreted southern extension of the Frog�s Leg resource, La Mancha�s exploration priorities when it first gained interests in these tenements in 2006 were to fully delineate the known Frog�s Leg and White Foil deposits. In addition to significantly increasing La Mancha�s resources, the exploration work at Frog�s Leg also allowed the Company�s field exploration team to gain a better understanding of the geology of the area.
The clear continuity of the aeromagnetic and geochemical trends extending SSE from Frog�s Leg and the impact of a fault offset at the southern end of Frog�s leg resource have guided exploration since it was relaunched in 2008.
NEXT STEPS
Traverses of RC drilling are planned to test the shear zone at regular intervals. Drilling will initially focus on the Foxdale prospect and in particular the area near hole PDAC1012. Drilling is also planned along strike from PDDD002-3 and at locations with anomalous supergene gold mineralization. A budget of C$0.55 million has been allocated to the Park Dam project in 2009, with field work scheduled to commence in the second quarter of 2009.
QUALITY CONTROL
The technical information contained in this news release was prepared under the supervision of Martin Bennett (MAIG), who is the Qualified Person under NI 43-101. Mr. Bennett is a full time employee of La Mancha Resources and has more than 21 years of experience in mine geology and exploration. He has sufficient experience relevant to the style of mineralization and type of deposit to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code of Exploration Results, Minerals Resources and Ore Reserves". Mr. Bennett consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
La Mancha has established an Analytical Quality Assurance Program 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 referenc es ("standards") to each batch of samples sent for analysis. Blank samples are used to check for possible contamination in laboratory and duplicates allow the overall precision to be quantified, while standards determine the analytical accuracy. Samples were sent for assaying to the Genalysis and SGS Laboratories in Perth. All Diamond drill samples are half NQ2 core sampled at one-metre intervals. Samples were assayed using a 400g LeachWell cyanide leach, followed by fire assay of the leach tail on ore grade samples.
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.
La Mancha�s main tenements package in Australia is located 25km west of Kalgoorlie, in the eastern goldfields region of Western Australia, and represents the southern part of the six million ounce endowed Kundana gold field. It includes the Mungari East tenement on which is located the Frog�s Leg mine, co-owned with Dioro Exploration NL (LMA:51%, DIO:49%). It also includes the Park Dam North and Park Dam South tenements, co-owned with Barrick Gold inc. (respectively LMA:51%, ABX:49% and LMA:49%, ABX:51%) and the White Foil tenement, 100% owned by La Mancha.
Caution Concerning Forward-Looking Statements
This press release contains certain "forward-looking statements", including, but not limited to the mineable character of the drilling results, mining exploration risks, calculation and evolution of mineral resources, potential for resources additions and the development of a prominent mining complex in the area, future work programs and objectives associated therewith, drilling targets and anticipated results, interpretation of work results, development plans and anticipated timetables, in particular as regards to mine development, and the economic and technical potential of the 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 metal s, exploration and other 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 2007 Annual Information Form filed with the Securities Commissions, and the Toronto Stock Exchange.
THIS PRESS RELEASE CONTAINS TABLES. CLICK HERE TO VIEW ORGINAL PDF DOCUMENT.
For additional information, please contact
:
La ManchaMartin Amyot
Vice President Corporate Development
Tel.: (514) 987-5115
info@lamancha.ca
Renmark Financial Communications Inc.
John Boidman: jboidman@renmarkfinancial.com
Christopher Wells: cwells@renmarkfinancial.com
Montreal Toronto
Tel.: (514) 939-3989 Tel.: (416) 644-2020
Fax: (514) 939-3717 Fax: (416) 644-2021
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