La Mancha Resources

Published : April 23rd, 2008

Reports Wide High-Grade Intercepts 150 Meters Below Current Resource at Frog's Leg

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La Mancha Reports Wide High-Grade Intercepts 150 Meters Below Current Resource at Frog's Leg

BEST INTERSECTIONS INCLUDE:

  • 6m @ 11.19g/t Au from 615m

  • 2m @ 25.06g/t Au from 615m 

MONTREAL, QUEBEC - April 22, 2008 - All amounts are expressed in CA dollars, unless otherwise indicated.

La Mancha Resources Inc. (TSX: LMA)("La Mancha" or the "Company") and its joint venture partner Dioro Exploration NL are pleased to announce a high-grade intersection at the Frog's Leg gold project in Australia, giving the deposit exciting scope for extension. The intersection is 150m below the currently defined Indicated resource at Rocket and confirms the extension of the south-plunging high-grade shoot.

Several high-grade zones were intersected in one of the last holes drilled as part of the 2007 Diamond drilling program, the best results being 33m @ 3.64g/t Au from 615m, including 6m @ 11.19g/t Au from 615m and 2m @ 25.06g/t Au from 615m, as shown in Table 1 of the appendix. As shown in Figure 1, the intersection is significant because it is located 500m below surface and 150m below previous drilling, and below the new March 2008 resource envelope at Rocket. The wide, high-grade intersection confirms the south-erly plunging high-grade shoot shown by geological modeling incorporating the 2007 drilling, seen in Figure 2 of the appendix.

The full drill results are provided in Table 1 of the Appendix.

The above-mentioned high-grade intercepts, which were not included in the resource upgrade reported on April 1st, 2008, indicate that the Frog's Leg resource may continue to grow as extensional drilling proceeds. Potential remains to extend the resource at depth and in particular along strike to the south.

Michel Cuilhe, Chairman and CEO of La Mancha, noted: "In light of the growth potential identified during the last part of the 2007 Diamond drilling program, we are confident that the Frog's Leg resource base can grow to 1.4 million ounces by early 2009."

Next Steps

Diamond drilling to test below the Tinker lode is planned for the second quarter of 2008. The lower part of Tinker is within the newly-identified south-plunging shoot confirmed by the above-mentioned high-grade intersections. Results from Tinker should be available in August.

The underground mine has been producing for the past two months, with the ore being transported to a custom-milling facility. Frog's Leg is expected to begin contributing to La Mancha's production by June 2008. As indicated in the feasibility study, La Mancha expects Frog's Leg to contribute 43,970 ounces of gold (22,400 ounces attributable to La Mancha) at a cash cost of US$667 per ounce during the last six months of 2008.

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 references ("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 Genalysis Laboratories in Perth as a primary laboratory. All samples are half NQ2 Diamond drill 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. The average true widths are just over one-half of the intersection length. The locations of the intersection points are shown in the accompanying long section (Figure 1 in the append ix).

ABOUT LA MANCHA RESOURCES Inc.:

La Mancha 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 (TSX) under the symbol "LMA". For more information on the Company, please visit its website at http://www.lamancha.ca/.

The Frog's Leg advanced project 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 was first operated as an open-pit from 2004 to 2005. Operations were conducted according to the mining plan until the end of 2005, at which point all the surface ore had been mined. Since then, additional drilling has indicated the viability of an underground operation. La Mancha owns 51% of Frog's Leg and acts as its developer and operator. The remaining 49% interest in the project is owned by Dioro Exploration NL (ASX:DIO).

FORWARD LOOKING STATEMENT

This press release contains certain "forward-looking statements", including, but not limited to the statements regarding the quantity of mineralization in place, the mineable character of the drilling results, mining exploration risks, calculation and evolution of mineral resources, potential for resources additions, 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. Th erefore, 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 2007 Annual Information Form filed with the Securities Commissions, and the Toronto Stock Exchange.

THE APPENDIX IS AVAILABLE AT THE FOLLOWING ADDRESS: HTTP://MEDIA3.MARKETWIRE.COM/DOCS/MANCHA_APPENDIXENG.PDF 

CONTACT INFORMATION:

LA MANCHA RESOURCES INC.
MARTIN AMYOT
VICE PRESIDENT, CORPORATE DEVELOPMENT
514-987-5115
INFO@LAMANCHA.CA

RENMARK FINANCIAL COMMUNICATIONS INC.
JOHN BOIDMAN : JBOIDMAN@RENMARKFINANCIAL.COM
CHRISTOPHER WELLS : CWELLS@RENMARKFINANCIAL.COM
TEL. : (514) 939-3989
FAX : (514) 939-3717
WWW.RENMARKFINANCIAL.COM

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
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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.

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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
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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...
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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...
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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
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7/20/2012Offer Document Posted - La Mancha TSX:LMA
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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
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9/12/2011HASSA=C3=8F VMS DRILLING UPDATE: INTERSECTS 3.30M @ 94 g/t G...
7/11/2011HIGHLIGHTS IMPORTANT STEP FORWARD FOR SUDAN
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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
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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
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