La Mancha's Exploration Program in Cote d'Ivoire Continues to Generate Strong Results
Tue Jun 3, 11:46 AM
ca.news.finance.yahoo.com
MONTREAL, QUEBEC--(Marketwire - June 3, 2008) - BEST INTERSECTIONS INCLUDE:
- 31.00 m at 2.82 g/t Au from 9.00 m
- 19.45 m at 3.57 g/t Au from 0.00 m
- 4.00 m at 16.29 g/t Au from 26.75 m
- 7.45 m at 6.89 g/t Au from 55.45 m
La Mancha Resources Inc. (TSX: LMA.TO)("La Mancha" or the "Company") is pleased to report additional significant results of exploration drilling at its Ity mine in Cote D'Ivoire. Only weeks after reporting high-grade intercepts at the Mount Ity extension and the Walter anomaly (see press releases dated February 22 and April 8, 2008), many new shallow, high-grade zones have been intersected at a third target, the Zia extension.
During Phase I of a recently-initiated exploration program, 42 holes were drilled on seventeen lines for a total of 3,051.6 m. All the holes drilled returned positive results, and several high-grade zones were intersected, the best result being 31.00 m at 2.82 g/t Au from 9.00 m including 3.00 m at 7.98 g/t Au from 28.00 m. Full drill results are shown in Table 1 of the appendix, and the location of the drill holes is shown in Figure 2. The cross-section in Figure 3 shows that these values occur in mineralization similar to that of the current reserve envelope of the Mount Ity pit, which recently entered into production.
The shallow depth of the high-grade intersections suggests that new resources could be added and quickly transformed into reserves; many of the drill holes intersected anomalous zones from surface on down in lateritic material, which is very easy to mine and process. Preliminary results also indicate that the mineralized body remains open to the north and especially northwest where some drills holes present interesting intersection such as DD 617, 643 and 644 at the limit of the studied zone, as shown in figure 2.
The Zia extension covers an area of at least twelve hectares adjacent to the former Flotouo-Zia pit and only 0.5km from the processing plant (see Appendix, Figure 1).
Michel Cuilhe, Chairman and CEO of La Mancha, noted: "We are taking a fairly aggressive approach to exploration in the vicinity of our current operations in Cote d'Ivoire. Our tactics are similar to last year's exploration at our Frog's Leg project in Australia, which resulted in a 167% increase in the project's resources over the last 18 months. We are looking for similar success at our Ity mine, and we feel we are on track with the positive drill results obtained so far."
Previous exploration activities conducted on the Ity property by the former owner date back to 2002. Shortly after acquiring the property, La Mancha reinstated exploration as a priority for mine development, which led to a new drilling program in November 2007. The objectives of this program are to evaluate the north eastern extension of the Mount Ity deposit and test the Walter anomaly, the Zia extension and various other mineralized areas on both sides of the Cavally river. A total budget of $2.1 million ($1.0 million to be funded by La Mancha) was approved earlier this year for exploration of the Ity mine property in 2008.
NEXT STEPS
Additional drilling is planned on the recently-tested Mount Ity extension and the Walter anomaly. Moreover, the Company will test the Zia extension outbound and areas on both sides of the Cavally river, near the current mine operation. A resource update will be carried out during the third quarter of 2008, when drilling is suspended due to the rainy season.
Mr. Cuilhe added: "The consistently-strong results generated since exploration resumed at the Ity mine last November illustrate the property's great potential. We are confident that the remainder of the program will yield more excellent results, and look forward to the results of the resource update later this year."
TECHNICAL NOTE
The technical information contained in this news release was prepared under the supervision of Jean-Jacques Kachrillo, the Qualified Person under NI 43-101. Mr. Kachrillo is Vice President Exploration and a full time employee of La Mancha Resources. He has sufficient experience in the style of mineralization and type of deposit to qualify as a Qualified Person as defined in the 2005 Edition of "National Instruments 43-101, Standards of Disclosure for Mineral Projects". Based on his information, Mr. Kachrillo has consented to the content of this press release in the form and context in which it appears. Mr. Kachrillo has read the National Instrument 43-101 of the Canadian Securities Administrators ("NI 43-101") and has ensured that this press release has been written in compliance with the Instrument.
La Mancha has established an Analytical Quality Assurance Program 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 laboratory, duplicates allow the overall precision to be quantified while standards determine the analytical accuracy. All samples are half HQ (laterite and saprolite), and NQ (fresh rock) diamond drill core sampled on a one metre basis. Samples were assayed at Ity mine laboratories on the site, using 50g LeachWell cyanide leach, and 20 to 25g well leached attacks, followed by solvent extraction and flame AAS. The average true widths are more than 75% of the intersection length.
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.
Via Cominor, its wholly-owned subsidiary, La Mancha Resources operates and owns 45.9% of the Ity mine through its interests in the Societe des Mines d'Ity, whose other shareholders are Sodemi (44%) and the State of Cote d'Ivoire (10%). The Ity mine started production in 1991 and has produced 0.7 M oz to date from Flotouo-Zia pit. The ore is processed by heap leaching. La Mancha's shares trade on the Toronto Stock Exchange (TSX) under the symbol "LMA". For more information on the Company, please visit its website at lamancha.ca.
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, the mineable character of the drill results, mining exploration risks, calculation and evolution of mineral resources, potential for additional resources, market price of gold, future work programs and objectives associated therewith, drill targets and anticipated results, interpretation of work results, development plans and anticipated timetables, in particular as regards the economic and technical potential for a mining and milling operation. 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.
Table 1 Drill results. Gold values are in cyanidable gold.
Only samples above 1.0 g/t Au are listed.
Line N Inc Tot. Depth Width Av.
degrees depth grade
---------------------------------------------------------------------------
150N 630 60E 105.55 4.4 1 1.04
12.4 1 1.04
61.4 1 8.49
74.4 2 17.61
150N 640 60E 99.45 1 2 1.19
49.45 1 1.03
55.45 7.45 6.89
inc 61.3 1.6 22.51
79.9 1 1.27
89.9 2 1.46
94.9 1 1.87
175N 580 60E 113.9 1 7 1.04
21.55 2.95 1.53
26.75 4 16.29
34.95 1.05 1.02
66.95 1 1.58
175N 581 60E 95.45 0 1.15 1.08
89.9 1 1.18
200N 582 60E 90.1 7.8 1 2.84
23.55 2.5 2.05
39.4 7 2.47
50.4 1 1.04
64.4 1 1.14
200N 629 60E 98.7 7 1 1.54
30 5 1.16
46 1 1.96
50 2 4.92
93.55 1 1.18
225N 627 60E 62.6 0 3.85 1.46
21.4 1 1.26
47.75 1 3.09
225N 639 60E 77.85 2 4 1.35
9.5 10.9 2.76
35.6 2.5 2.3
48.1 2 6.89
61.1 1 1.15
70.1 1 1.29
75.1 1 1.95
250N 583 60E 73.95 0 7.45 2.42
19.45 1 1.56
26.45 1 1.54
250N 584 60E 84.7 0 19.45 3.57
inc 13.45 1 12.6
23.45 1 1.3
26.45 1 11.23
65.45 1 1.56
250N 644 60E 84.55 23 1 1.05
35 2 1.81
44 2.3 2.91
53.55 6.5 6.25
300N 585 60E 66.9 0 4.35 1.47
12.45 7 1.12
21.45 10.4 4.23
Inc 26.65 1.2 25.46
35.85 1 2.28
300N 586 60E 56.95 0 6 2.64
9 31 2.82
inc 28 3 7.98
inc 36 2 9.24
45 1 1.19
300N 626 60E 67.65 0 3.5 1.33
9.5 7 2.81
28.5 1 1.63
40.5 1 1.01
300N 631 60E 45.65 0 6.2 1.63
22.6 4 1.26
300N 643 60E 100.1 1.15 1 1.19
21 2 6.27
35 1 4.69
44 1 1.17
48 7.25 3.07
71.65 9 1.26
325N 625 60E 65 1.1 1.5 1.08
8.95 5.7 1.17
22.65 4.8 1.21
30.75 3.55 1.7
37.3 1 1.09
43.95 1 1.62
49.3 1.6 1.83
350N 628 60E 47.1 0 2.3 1.65
3.3 1.05 1.5
8.45 1.2 1.4
13.9 1 1.02
27.9 1 1.06
45.9 1.2 1.03
350N 641 60E 86.3 0 5 1.68
17.3 1 1.3
33.05 3 1.38
57.05 4 2.3
78.05 1 1.56
85.05 1.25 2.6
400N 615 60E 80.9 0 6.95 1.76
10.4 1.75 1.26
34.3 1.1 1.39
79.9 1 1.1
400N 616 60E 92.8 0 3.35 1.23
5.1 3 1.31
19.2 1 1.07
36.75 1 1.22
41.9 1 1.52
52.9 1 1.21
56.9 1 2.64
63.9 3 5.22
75.9 5.4 1.98
85.5 3 1.45
450N 624 60E 91.65 0 9.8 1.43
12.8 1 1.27
17.8 1 2.33
38.35 1 1.62
72.4 3 1.48
80.75 1 2.17
450N 642 60E 123.60 2.1 2.25 1.56
8 1.1 1.11
11.1 1 2.22
17.1 1 1.07
29.1 2 5.89
45.5 1.25 1.03
49.85 1 1.35
70.7 3.35 1.4
89.65 4 2.27
106.65 7.7 1.56
119.6 2 3.8
475N 623 60E 66.95 4 3.4 1.23
14 1 1.2
19 2 1.49
28 9.05 1.74
41.05 1 4.81
61.05 2 3.5
475N 617 60E 106.25 1 2 1.43
16.4 1 1.78
29.1 2 10.3
40.3 1 5.6
85.2 1.55 1.2
475N 633 60E 61.3 0 3.6 1.35
10.3 1 2.37
50.35 1 1.18
490N 632 60E 95.1 0 2.1 1.38
5.6 5.45 1.28
24.05 2 1.41
38.05 7.5 1.08
75.45 1.5 1.16
80.1 3.1 2.04
88 2 1.59
500N 638 60E 55.70 0 4.85 1.14
47.3 1 1.17
50.3 1 2.58
525N 587 60E 51.75 0 18.75 1.17
21.75 4 1.84
31.75 1 1.35
41.75 3 2.08
525N 588 60E 115.4 3.3 2.15 1.62
8.9 14.75 1.33
38.35 1 7.82
54.1 17.55 1.5
80.7 1.05 7.77
82.75 4.5 2.35
91.2 1 2.42
106.25 1.35 2.57
525N 589 60E 57.15 0 5.4 1.56
10.05 11 1.64
525N 618 60E 129.6 4 2.1 1.09
11.15 1.05 1.17
14.2 1 1.15
18.8 5 1.42
66.8 3.8 4.39
72.1 2.85 3.55
92.6 1.05 2.69
525N 619 60E 69.9 1.25 9.55 1.19
20.2 2.85 1.11
29.25 8 1.48
47.65 1 1.46
51.65 2 1.14
58.65 1 5.37
525N 620 60E 46.15 0 9.05 1.84
29.7 1 1.08
562,5N 634 60E 59.25 0 6 1.25
562,5N 635 60E 122 0 10.5 2.13
16 1 1.41
88.45 5 11.32
98.45 1 1.02
106.45 2 1.04
112.95 9.05 1.85
62,5N 637 60E 77.55 2 11.95 1.27
23.95 1 1.49
30.95 1 1.13
600N 621 60E 52.75 3 8.95 1.33
45.95 1 1.12
600N 622 60E 43.85 0 3.55 2.29
27.95 7 2
inc 32.95 1 7.68
600N 590 60E 50.6 0 4.15 1.71
5.65 0.75 13.61
8.4 4.12 1.55
23.6 1 1.77
31.6 3 2.1
600N 591 60E 54.9 0 4.7 1.07
20.9 1 2.35
27.9 9 1.29
45.9 1 1.33
625N 636 60E 80.9 0 5.25 2.64
33.2 1 2.58
38.2 2.9 1.36
52.55 1.7 1.26
60.8 2.45 2.58
Maps available at the following link: media3.marketwire.com
Contacts
Martin Amyot
La Mancha
Vice President Corporate Development
514-987-5115
info@lamancha.ca |
