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La Mancha's Ity Mine Resumes Operation
Published : May 09, 2011
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PARIS--(Marketwire - May 9, 2011) -

HIGHLIGHTS

  • The mine is intact, fully operational, and resumed operations today
  • 2011 revised Ity production guidance: 15,000 to 17,000 ounces of gold (attributable to La Mancha)
  • Exploration program expected to gradually resume over the course of the second quarter

La Mancha Resources Inc. (TSX: LMA) (hereinafter "La Mancha" or the "Company") is pleased to report that, due to the improved political situation in Côte d'Ivoire, operating activities at its Ity mine successfully resumed today while its exploration activities in the country are expected to gradually recommence in the coming months.

Dominique Delorme, President and CEO of La Mancha, noted that: "We expect the downtime seen at the beginning of the year to be offset by the Ity's upgraded processing facility and its resulting improved production capacity. This year's production should therefore be in line with last's year production. Our decision to resume operations in Côte d'Ivoire reflects the country's improved political situation and its associated impact on the safety of our employees. Despite recent events, we still believe in Côte d'Ivoire's long-term outlook and its ability to continue to aggressively develop its mining industry."

The precautionary measures taken at Ity to safeguard the plant and the mining assets proved effective as the equipment remained intact and fully operational. As such, gold production at Ity is expected to quickly reach its 2011 expected run-rate of 4,350 ounces of gold per month (2,000 ounces attributable to La Mancha) by the end of May. 

The mine's new leach pads, commissioned in the second half of 2010, should allow Ity to increase its annual production rate and thereby compensate for the months of production lost at the beginning of the year. La Mancha is now expecting the mine to produce 32,700 to 37,000 ounces of gold in 2011 (15,000 to 17,000 ounces attributable to La Mancha), in line with its 2010 production level. The mine has already produced approximately 4,830 ounces of gold (2,218 ounces attributable to La Mancha) for this year, during the time it was in operation from mid-January until operations were last suspended on February 24, 2011.

Despite the recent production interruptions at the Ity mine, La Mancha's consolidated production remains in line with its 2011 guidance of 115,000 to 135,000 attributable ounces of gold. La Mancha expects approximately 13% of its 2011 consolidated gold production to come from the Ity mine.

ABOUT THE ITY MINE
La Mancha owns a 45.9% interest in the Ity mine, located in the Zouan Hounien region, in western Côte d'Ivoire. The mine has produced more than 800,000 ounces of gold since its commissioning in 1991. Recent political events forced the mine to suspend its activities from December 17, 2010 until mid-January 2011 and from February 24, until May 9, 2011.

ABOUT LA MANCHA'S 2011 CÔTE D'IVOIRE EXPLORATION PROGRAM
La Mancha has one of the largest exploration holdings in Côte d'Ivoire, adding up to 1% of the country's area. An exploration budget of up to $2.8 million attributable to La Mancha is planned for the remainder of the year for the Fetekro, Bondoukou and Sissedougou properties.

ABOUT LA MANCHA RESOURCES INC:
La Mancha Resources Inc. is an international gold producer 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 on the Company, visit its website at http://www.lamancha.ca/.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains certain "forward-looking statements", including, but not limited to, the statements regarding the Company's future commercial production and exploration activities. 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 the geopolitical tensions currently observed in Côte d'Ivoire, mining industry risks, exploration risks, environmental risks and hazards, uncertainty as to calculation of mineral reserves, requirement of additional financing or additional permits, authorizations or licenses, risks of delays in construction and production and other risks referred to in La Mancha's 2010 Annual Information Form filed with the Securities Commissions, as well as the Toronto Stock Exchange.



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

Nicole Blanchard
Investor Relations
Tel: (514) 987-5115 ext 26
Email: info@lamancha.ca

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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Rapports annuels de La Mancha Resources
Annual Report
Nominations de La Mancha Resources
02/04/2012ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS
04/05/2011Appoints New COO and CFO
26/02/2007New Appointments to the Board of La Mancha
Rapports Financiers de La Mancha Resources
28/03/2012POSTS RECORD NET EARNINGS OF $36.1 M AND RECORD OPERATING C...
08/08/2011POSTS RECORD NET EARNINGS FOR THE SECOND QUARTER
18/05/2011NET EARNINGS DOUBLE ON RECORD CASH FLOW FROM OPERATING ACTIV...
Projets de La Mancha Resources
11/02/2013Group implements its growth strategy in Australia: Gold prod...
13/11/2012ANNOUNCES COMPLETION OF COMPULSORY ACQUISITION BY WEATHER I...
27/03/2012MEASURED AND INDICATED RESOURCES MORE THAN DOUBLE TO 4.8 MI...
19/01/2012MEETS ITS 2011 GOLD PRODUCTION FORECAST
16/05/2011(Ity)POSITIVE FEASIBILITY STUDY FOR THE HASSA=C3=8F MINE: LA MANC...
09/05/2011(Ity)ITY MINE RESUMES OPERATION
29/03/2011(Frog's Lake)A Record Year for La Mancha in 2010 as Production Increases ...
24/02/2011(Ity)ITY Mine Update
23/08/2010(Fetekro)Intersects Grades of Up to 135 g/t Au at Its Fetekro Propert...
03/08/2010First Stages of Frog's Leg Drilling Extension Program Return...
29/07/2009(Hassaï)New Longhole Drilling Doubles the Length of La Mancha's Hass...
20/07/2009(Frog's Lake)Frog's Leg Mine to Boost its Average Annual Gold Production ...
26/05/2009(Hassaï)Confirms the Presence of a Second Enriched Zone at the Hassa...
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
07/01/2009(Hassaï)Hassai Mine Tailings Begin Adding to La Mancha's Gold Resour...
05/01/2009(Ity)Resource at La Mancha's Ity Mine Jumps 50% on Excellent Dril...
10/12/2008(Hassaï)Recent VMS Drilling Suggests the Presence of a Supergene Zon...
30/07/2008(Hassaï)Preliminary Drill Results at La Mancha's Hassai Mine Suggest...
08/08/2008(Frog's Lake)Posts its Highest Quarterly Gold Production to Date
13/05/2008(Frog's Lake)Obtains a First Gold Pour From New Australian Frog's Leg Min...
23/04/2008(Frog's Lake)Reports Wide High-Grade Intercepts 150 Meters Below Current ...
05/07/2007(Frog's Lake)Frog?s Leg?s Resource Nearly Doubles
Communiqués de Presse en Français de La Mancha Resources
24/02/2011(Ity)Mise à Jour sur la Mine Ity
Communiqués de Presse de La Mancha Resources
13/11/2012Offer Update
28/08/2012ACKNOWLEDGES WEATHER II TAKEOVER OFFER SUCCESSFUL AND DECLAR...
03/08/2012SECOND QUARTER GOLD PRODUCTION JUMPS 21% FROM THE PREVIOUS Q...
31/07/2012Offer Update - La Mancha TSX:LMA
20/07/2012Offer Document Posted - La Mancha TSX:LMA
13/07/2012REACHES DEFINITIVE AGREEMENT TO BE ACQUIRED BY WEATHER II AT...
21/06/2012DISCOVERS A SIGNIFICANT VMS LENS BELOW THE ODERU
15/06/2012(White Foil)WHITE FOIL PROPERTY SHOWS UNDERGROUND POTENTIAL WITH MINERA...
11/06/2012(Ity)New Drill Results at La Mancha's Ity Mine Indicate That Mine...
15/05/2012REPORTS Q1 NET EARNINGS OF $7.9 MILLION
09/04/2012ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS
22/03/2012Proven and Probable Reserves Grow by 36% at La Mancha's Frog...
14/03/2012ANNOUNCES AUCTION PROCESS
22/02/2012VMS Resource Increases to 81MT Indicated and 37MT Inferred
31/01/2012Discovers a Mineralized Structure Extending Over 800M at Sis...
12/09/2011HASSA=C3=8F VMS DRILLING UPDATE: INTERSECTS 3.30M @ 94 g/t G...
11/07/2011HIGHLIGHTS IMPORTANT STEP FORWARD FOR SUDAN
27/06/2011Hassai Mine's Third Quarter Production Impacted
17/06/2011(Ity)Clarification on CIL Feasibility Study
03/05/2011NOMME UN NOUVEAU CHEF DES OPERATIONS ET UN NOUVEAU CHEF DES ...
14/01/2011RECORD GOLD PRODUCTION IN 2010
22/07/2010Confirms the Discovery of a New Gold Mineralised Zone at its...
12/05/2010Continues to Generate Profits Into 2010
25/01/2010La production d'or de La Mancha en 2010 en voie de croitre j...
11/11/2009Reports Another Strong Quarter
07/08/2009Posts Record Quarterly Net Earnings As Gold Production Rises...
04/02/2009Takes Advantage of Strong Gold Prices
05/02/2008 to Spend $10.6 Million on Exploration in 2008
28/05/2007Completes the Renewal of the Ity Mine's Mining Permit
16/05/2007Frog's Leg Results Exceed Expectations
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