Chart chfGOLD   Chart chfSILVER  
 
Food for thought
It wasn't raining when Noah began to build the Ark
Warren Buffet  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1371.102.40
Silver 21.68-0.02
Platinum 1434.75-1.25
Palladium 705.20-4.60
WORLD MARKETS
DOWJONES 15318132
NASDAQ 348230
NIKKEI 13245238
ASX 484247
CAC 40 3842-18
DAX 8228-1
HUI 255-7
XAU 1030
CURRENCIES (€)
AUS $ 1.4101
CAN $ 1.3664
US $ 1.3402
GBP (£) 0.8557
Sw Fr 1.2326
YEN 127.3570
CURRENCIES ($)
AUS $ 1.0523
CAN $ 1.0195
Euro 0.7461
GBP (£) 0.6386
Sw Fr 0.9197
YEN 95.0220
RATIOS & INDEXES
Gold / Silver63.24
Gold / Oil13.92
Dowjones / Gold11.17
COMMODITIES
Copper 3.160.01
WTI Oil 98.530.09
Nat. Gas 3.940.04
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
( 0 vote, 0/5 ) Print article
     
Tweet

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

Tweet

La Mancha Resources

PRODUCER
CODE : LMA.TO
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Email Alert Add to Watchlist Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of La Mancha Resources
5/9/2011La Mancha restarts Cote d'Ivoire mine
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
8/8/2011POSTS RECORD NET EARNINGS FOR THE SECOND QUARTER
11/9/2010Reports its Third Quarter Results
3/27/2009A Profitable Fourth Quarter Consolidates La Mancha 2008 Year...
Project news of La Mancha Resources
3/29/2011(Frog's Lake)A Record Year for La Mancha in 2010 as Production Increases ...
2/24/2011(Ity)ITY Mine Update
12/17/2010(Ity) Ity Mine Update
12/8/2010(Ity) Ity Mine Continues Operations
11/22/2010(Frog's Lake)First Half of Frog Leg's Delineation Programs Adds 180,000 O...
11/22/2010(Frog's Lake)First Half of Frog Leg's Delineation Program Adds 180,000 Ou...
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...
5/8/2009(Frog's Lake)Profits Surge as Australian Mine Turns Cash Flow Positive an...
2/17/2009(Frog's Lake)Plans to Increase Production to up to 100,000 oz of Gold in ...
2/17/2009(White Foil)White Foil Set to Become La Mancha's Fourth Producing Mine
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...
10/28/2008(Frog's Lake)Positive Drill Results South of Frog's Leg Mine
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
6/27/2011Hassai Mine's Third Quarter Production Impacted
1/14/2011RECORD GOLD PRODUCTION IN 2010
9/17/2010COO Bill Plyley Announces Retirement
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
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (LMA.TO)Other OTC (LACHF.PK)
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.
2.25 -  3.50 44.03%
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
You must be logged in to use the porfolio and watchlists (free)
TOP NEWSRELEASES
Annual variation
DateVariationHighLow
20130.00%
201224.11%4.032.16
201127.60%2.821.70
201030.00%3.051.47
2009794.74%2.250.20
 
5 years chart
 
3 months chart
 
3 months volume chart