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La Mancha Resources

Publié le 13 mai 2008

Obtains a First Gold Pour From New Australian Frog's Leg Mine

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Mots clés associés :   Canada | Precious Metals |

La Mancha Obtains a First Gold Pour From New Australian Frog's Leg Mine

HIGHLIGHTS:

  • First gold pour from the Frog's Leg mine in Australia

  • Start of production is two months ahead of schedule

  • 3000 meters of declines development completed to date 

MONTREAL, QUEBEC -- May 13, 2008 - La Mancha Resources Inc. (TSX: LMA) (hereinafter "La Mancha" or the "Company") and its Australian joint venture partner Dioro Exploration NL, are pleased to report that the first gold from ore mined underground at its Frog's Leg project near Kalgoorlie in Western Australia was poured earlier today. This start of gold production at the Frog's Leg mine is taking place more than two months ahead of the schedule that was announced by La Mancha in August 2007 when the decision to proceed with the development of the mine was taken.

In addition to the gold pour there have been other significant developments at the Frog's Leg mine:

  • The Rocket and Mist declines have reached a lenght of 3000 metres of development in total. In addition to the declines, development is now taking place on three horizontal mining levels. Wherever the mineralization has been exposed to date, orebody widths and grades are in accordance with what was predicted by the resource model.

  • The increase in the number of available mining faces enables the pace of development to be accelerated. In order to achieve this increase in productivity:

  • A third jumbo drill has been commissioned to increase underground development rates;

  • A second underground truck is increasing haulage capacity;

  • Power-line infrastructure and connection to mains power is nearing completion. 

The Frog's Leg mine is forecast to produce an average of 83,000 oz of gold per annum from its underground operations over the next seven years, based on reserves of 3.65 million tonnes at 5.29 g/t Au.

This reserve and related mining plan do not take into account additional resources calculated in the March 2008 upgrade. The March resource estimates added 267,000 (37% increase) to the measured and indicated category increasing the total measured and indicated resources to 990,000 oz.

ABOUT THE FROG'S LEG MINE:

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). La Mancha's share of the ore produced at the Frog's Leg mine is processed at the Jubilee mill owned by Dioro.

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 in Argentina. La Mancha's shares trade on the Toronto (TSX) under the symbol "LMA". For more information on the company, visit the Company's website at 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 strategic plans, future commercial production, development, construction and production targets and timetables, development plans; statements regarding the assumptions underlying the conversion of Frog's Leg's resources into proven and probable reserves and their impact on the mining plan. 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 materiall y 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, exploration risks, risks associated with foreign operations, environmental risks and hazards, uncertainty as to calculation of mineral reserves, requirement of additional financing or additional permits, authorizations or licences, risks of delays in construction and production and other risks referred to in La Mancha's 2006 Annual Information Form filed with the Securities Commissions, as well as the Toronto Stock Exchange.   

CONTACT INFORMATION:

La Mancha Resources Inc.

Martin Amyot
Vice President Corporate Development
514-987-5115
info@lamancha.ca
www.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

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

La Mancha Resources

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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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