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La Mancha Resources

Publié le 22 juillet 2010

Confirms the Discovery of a New Gold Mineralised Zone at its 100%-Owned Kintore Project in Australia

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Mots clés associés :   Canada | France | K Street | Precious Metals |

Press Release
Media Relations Web Development

 

La Mancha Resources Inc.

LA MANCHA CONFIRMS THE DISCOVERY OF A NEW GOLD
MINERALISED ZONE AT ITS
100%-OWNED KINTORE PROJECT IN AUSTRALIA

HIGHLIGHTS:

  • RC drill results intersect gold mineralisation at shallow depth over a strike length of 500m
  • Kintore is located 30km northwest of the Frog�s Leg mine in the Kalgoorlie region of Western Australia
  • Gold mineralisation is associated with the Kunanalling Shear Zone that hosts gold resources to the north and south

BEST INTERSECTIONS INCLUDE:

  • 4.0 m @ 5.30g/t Au at 109-113m
  • 4.0m @ 4.64g/t Au at 80-84m
  • 16.0m @ 2.76g/t Au at 108-124m incl. 2.0m @ 10.23g Au/t

Paris, France - July 22, 2010 - La Mancha Resources Inc. (TSX: LMA, hereinafter �La Mancha� or �the Company�) is pleased to report promising drill results from the 100%-owned Kintore project in Western Australia.  The new drill results have outlined a strike-continuous zone of gold mineralisation along a 500m segment of the Kunanalling Shear Zone. The Reverse Circulation (RC) drilling was conducted at regular spacings along the shear to follow up on high-grade mineralisation intersected previously. Detailed drilling results are shown in Table 1 at the end of this press release.

The Kintore project is located 30km northwest of the Frog�s Leg mine near Kalgoorlie on the prospective Kunanalling Shear Zone (see Figure 1). This shear zone hosts over 0.5M oz of gold resources, including Mick Adams (233,000oz Au) and Burgundy (57,000oz Au).

Dominique Delorme, President and CEO of La Mancha, commented: �The first step of La Mancha�s development in Australia was to get our two known deposits to production. Now that we have successfully started the production of Frog�s Leg and White Foil, 2010 marks the start of brown-field exploration on the several other tenements that we own in the Kalgoorlie area. Our 2010 exploration objective for Australia is to identify a new 43-101 qualified gold resource to supplement the existing resource inventory at Frog�s Leg and White Foil by year-end. Kintore�s good intercepts made public today are a good illustration of the prospectivity of La Mancha�s ground holdings and our excellent potential for organic growth.�

The 25 hole RC drilling program completed in April revealed a steeply east-dipping shear zone that trends approximately N-S (See Fig. 2 and Fig. 3a, 3b and 3c).  Mineralisation is best developed where the shear zone marks the contact between mafic and ultramafic rocks and a granitic intrusive.  Good continuity of the mineralisation along strike revealed by the latest phase of drilling is encouraging and provides confidence that a new gold resource will be generated with additional drilling.

NEXT STEPS
Starting in August, 3,000m meters of additional RC drilling is planned to further evaluate the mineralised shear zone by tightening the current 100m grid spacing to 50m. The objective of this second phase is to provide sufficient data for a 43-101 resource estimate. Some holes will also be drilled to test the continuity of the mineralisation down dip. 

LA MANCHA�S INTERESTS IN THE KALGOORLIE AREA
The Kalgoorlie area is in the heart of Western Australia�s world renowned Gold Fields. It is the home of Barrick / Newmont�s Super Pit, where 72M ounces of gold have been mined to date, and of several other multimillion ounces mining centres such as Mt.Pleasant (5.7Moz Au), Ora Banda (2.8Moz Au) and Kundana (7Moz Au). In addition to its two Australian mines in production, La Mancha has interest in over 120 exploration tenements representing a surface area of ~260km2 (see figure 1). In 2010, La Mancha�s brown-field exploration focus will be mainly towards the Park Dam North, Kintore, Mungari West and Mingari East projects where a total of 15,000 meters of drilling is expected before year-end.

TECHNICAL NOTE
The technical information in this news release was prepared under the supervision of Martin Bennett, B.Sc. (Geol), M.ODG, MAIG, the Qualified Person under NI 43-101. Mr. Bennett is the Exploration Manager and a full-time employee of La Mancha Resources Australia. He has sufficient experience in the style of mineralization and type of deposit to qualify as a Qualified Person as defined in National Instrument 43-101, �Standards of Disclosure for Mineral Projects�. Based on his information, Mr. Bennett has consented to the content of this press release in the form and context in which it appears. Mr. Bennett 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 the Analytical Quality Assurance Program put in place by La Mancha 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 the laboratory, duplicates allow the overall precision to be quantified and standards determine the analytical accuracy.  All samples were generated by splitting a 1m interval of drill cutting from the drill rig to produce a 4-5kg sample for analysis.  Samples were assayed at the Genalysis Laboratory in Perth using the LeachWell gold analysis t echnique (cyanide leach) on a 400g sample.  The residue of the LeachWell analysis was analysed by a 50g Fire Assay 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.

THIS PRESS RELEASE CONTAINS A TABLE AND FIGURES, CLICK HERE TO VIEW ENTIRE DOCUMENT IN PDF FORMAT.

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 ability of the Company to qualify a 43-101 compliant resource on the property before year-end, future work programs and objectives associated therewith, the prospectively of the other tenements owned in the area, drill targets and anticipated results, interpretation of work results, development plans and anticipated timetables. 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 2007 Annual Information Form filed with the Securities Commissions and the Toronto Stock Exchange. 

 

Contact

La Mancha Resources Inc.
Martin Amyot
Vice President Corporate Development
Tel.: (514) 987-5115 Ext. 25
info@lamancha.ca

 

Nicole Blanchard
Investor Relations
Tel.: (514) 987-5115 Ext. 26
nblanchard@lamancha.ca

Renmark Financial Communications Inc.
John Boidman: jboidman@renmarkfinancial.com
Maurice Dagenais: mdagenais@renmarkfinancial.com
Tel.: (514) 939-3989 or (416) 644-2020 www.renmarkfinancial.com

 

Renmark Financial Communications Inc.

Montreal (Head Office): 1550 Metcalfe, Suite 502, Montr�al, Qu�bec, H3A 1X6
Tel.: (514) 939-3989 Fax: (514) 939-3717
Toronto: 121 King Street West, Suite 1140, Toronto, Ontario, M5H 3T9
Tel.: (416) 644-2020 Fax: (416) 644-2021

Website: www.renmarkfinancial.com - Email: info@renmarkfinancial.com

 

Disclaimer: You are receiving this invitation because you are subscribed to the Renmark database. This correspondence is not to be construed as an offer to buy or sell securities or options. Renmark does not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest. We support best practices in responsible e-mail marketing and respect your right to be removed from this campaign. Should you no longer wish to receive e-mails from us, please reply to this e-mail, indicating "Unsubscribe" in the subject line.
Données et statistiques pour les pays mentionnés : Canada | France | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | France | Tous

La Mancha Resources

PRODUCTEUR
CODE : LMA.TO
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La Mancha Res. est une société de production minière d'or basée au Canada.

La Mancha Res. détient divers projets d'exploration en Australie et en Argentine.

Ses principaux projets en production sont WHITE FOIL, ITY, HASSAÏ et FROG'S LAKE en Australie, son principal projet en développement est FETEKRO en Australie et ses principaux projets en exploration sont LA ORTIGUITA, BONDOUKOU, HUALILAN et ARIAB en Argentine et HASSAI VMS et PARK DAM en Australie.

La Mancha Res. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 499,5 millions CA$ (500,2 millions US$, 391,6 millions €).

La valeur de son action a atteint son plus bas niveau récent le 31 octobre 2008 à 0,04 CA$, et son plus haut niveau récent le 09 mars 2012 à 4,03 CA$.

La Mancha Res. possède 142 716 000 actions en circulation.

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17/02/2009(Frog's Lake)Plans to Increase Production to up to 100,000 oz of Gold in ...
22/01/2009(Frog's Lake)2008 Year End Production Increases 33% to 71,550 Ounces
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