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Market: TSX
Sector: Gold Mining
Epic: TSX:LMA
News: Latest news
Web Site: La Mancha Resources
Other Articles: 18-02-200915-01-200905-01-2009

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La Mancha Resources

La Mancha Resources

La Mancha is a diversified gold producer with more than 1,200 employees worldwide. La Mancha operates three gold mines, with production strategically distributed between Africa and Australia, and is actively developing an advanced project in Australia. Due to its geographic diversification, La Mancha holds the majority of its resources in low risk countries.
Wednesday, December 10, 2008

La Mancha Resources drill results suggest presence of supergene zone

La Mancha Resources (TSX:LMA) the gold producer, reported that all fourteen holes drilled into the bottom of the 40% owned Hassai Mine had returned high grade copper and gold values.  Highlights included an impressive 33 metres grading 5.76 grams per tonne gold and 7.16% copper from 17 metres, and 29 metres grading 4.8 grams per tonne gold and 3.43% copper from 21 metres.


The Hassai mine is located in north-eastern Sudan and is the country's only gold mine in production. Twelve pits have been mined to date, producing more than 2 million ounces of gold.


La Mancha said the results suggested the presence of an enriched supergene zone above the volcanic massive sulphide (VMS) lens. The majority of the holes were drilled along a 450 metre strike that corresponds to the zone most accessible from the pit. Results to date indicate that the VMS lens starting at the bottom of the Hassai pit has a strike length of at least 1 km and an apparent width of 9.5 to 30 m. Its average true width is estimated to be 16-17 m. Preliminary results also suggest that the lens extends at least 250-300 m below the floor of the pit and remains open at depth, the company stated.

On 30 July 2008 La Mancha reported preliminary drill results which suggested the potential for at least 20 million tonnes at 1.3-1.5 grams per tonne gold and 1.5-2.0% copper.  


Michel Cuilhe, President and CEO of La Mancha, stated: "Of all the milestones achieved since the start of the VMS project in Hassai, these results represent the most important step towards the confirmation of an economic VMS resource at Hassai. These results are very encouraging, as the preliminary base case scenario retained internally to justify an eventual VMS operation in Hassai requires the discovery of an enriched supergene zone containing a minimum of 3.7 millions tonnes grading 4 g Au/t and 2.5% Cu. The fact that such a zone might have been identified at the first of our five targets increases our confidence in the viability of the project."
 

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