LA MANCHA�S ITY MINE UPDATE
Paris, France - December 17,
2010 - La Mancha Resources
Inc. (TSX:
LMA, hereinafter �La Mancha� or the �Company�) reports that due to the increased
agitation observed over the last 24 hours in the Zouan
Hounien region, in western C�te d�Ivoire, the Ity mine proceeded to the orderly interruption of its
activities. The Ity mine represents only 15% of
the Company�s total gold production for 2010.
Dominique
Delorme, President and CEO of La Mancha noted: �In this difficult period
for C�te d�Ivoire, La Mancha�s first priority continues to be the safety
and security of our employees and their family. To that effect, we have
cautiously decided to temporarily suspend mine operations. La Mancha�s
international diversification helps minimize the impact of the current
event as only 15% of our gold production comes from our C�te d�Ivoire
operation.�
The current
situation at the Ity mine remains calm, however
further precautionary measures have been taken to safeguard all mine
assets. All the gold poured over the recent weeks was safely transported
off the mine site.
La Mancha�s production target for 2010 remains between 120,000 and
130,000 ounces of gold, of which 65% is produced in Australia, 20% in
Sudan, and only 15% of which is produced in C�te d�Ivoire.
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 (TSX) under the symbol �LMA�. For
more information on the Company, visit its website at http://www.lamancha.ca/.
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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.
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 C�te
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 2009 Annual
Information Form filed with the Securities Commissions, as well as the
Toronto Stock Exchange.
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