La Mancha Resources Inc.: First Stages of Frog's Leg Drilling Extension Program Return Very High Grade Intercepts
PARIS, FRANCE -- (Marketwire) -- 08/03/10 -- La Mancha Resources Inc. (TSX: LMA) -
HIGHLIGHTS:
-- Drilling of the first two of five Frog's Leg potential extension zones
now complete;
-- First two zones drilled return very high grade intersects;
-- A preliminary resource calculation is expected for September 2010;
-- Management reiterates program objective of boosting the Frog's Leg
resource by a minimum of 150,000 ounces of gold.
BEST INTERSECTIONS INCLUDE:
-- 4.30m @ 73.70g/t Au
-- 5.86m @ 35.71g/t Au
-- 4.98m @ 34.67g/t Au
-- 6.78m @ 7.94g/t Au
La Mancha Resources Inc. (TSX: LMA) (hereinafter 'La Mancha' or 'the Company') is pleased to report that some of the drill results from the ongoing resource expansion program at its 51%-owned Frog's Leg mine in Western Australia have returned material gold intercepts. La Mancha co-owns the mine with Avoca Resources Ltd. (ASX: AVO). The assay results received to date suggest that the Frog's Leg ore body is extending towards the south and 250 meters below the current resource boundary. All the results obtained to date are presented in Table 1 at the end of this press release.
Dominique Delorme, President and CEO of La Mancha, noted: 'The information collected to date suggests that Frog's Leg main orebodies are extending at depth in a very similar pattern to what is being observed in the upper part of the mine. As the ground appears to remain very competent at this depth, we are confident that the program should allow for the extension of the Frog's Leg current resource envelope at depth and consequently its mine life.
Figure 1 at the end of this press release illustrates the scope of the resource extension drilling program initiated at Frog's Leg at the end of 2009. The program is aimed at testing the continuity of the Frog's Leg deposit at depth, with a total of 38,500 metres of drilling on a 40X40-metre grid to be carried out from five drilling stations located approximately 330 metres below surface.
As shown in Figure 2, most of the holes completed to date, representing a total of 14,817 metres, were drilled from stations #1 and #2. The results reported today represent approximately 65% of all the core collected to date and 27% of the planned resource expansion program.
There is good indication that the Rocket and Fog lodes continue at depth below the current Indicated boundary, and that development will extend out to a Northing very similar to areas already mined above these drill holes. Furthermore, the Fog lode, which is very constrained in shape, shows extensions both in a vertical and lateral position. The true widths and grades displayed in the resource drill holes show very good continuity to widths and grades seen in ore drive development in the same proximal area.
Previous resource modelling has helped identify possible plunges and follow-up areas that need to be better defined at Frog's Leg. The aim of the diamond drilling program is to test these areas and at the same time extend the current Indicated resource boundary. The current diamond drill program objective towards the south is targeting the already well-defined contact lode of the Rocket orebody. The mineralisation of this lode is sub-vertical in orientation and positioned at a sheared contact between catrock basalt and volcanoclastics. In close proximity to the Rocket lode is the Fog lode, a very constrained lode that sits within the hangingwall catrock basalt lithology. The good continuity of the mineralisation of the two lodes along strike and at depth revealed by the latest phase of drilling is encouraging, and provides confidence that a new gold resource will be generated with additional drilling.
NEXT STEPS
Drilling activities moved from Station #2 to Station #3 in August 2010. Approximately 23,000 metres remain to be drilled from the last three stations. The drilling is expected to be completed in March 2011. In the meantime, a preliminary resource update for the mine is expected in September 2010 based on results from the first two drill stations. A further resource calculation incorporating the drill results from drill stations #3 and #4 should be finalized in time for La Mancha's year-end resource reporting in February 2011. By the time the program is finished, the drilled area is expected to cover a strike length of over 1,100 metres to a vertical depth of 170 metres.
TECHNICAL NOTE
The technical information in this news release was prepared under the supervision of Trevor Eddie, B.Sc. (Geol), MAusIMM, the Qualified Person under NI 43-101. Mr. Eddie is the Geology Manager and a full-time employee of La Mancha Resources Australia. He has sufficient experience in the style of mineralization and type of deposit to qualify as a Qualified Person as defined in National Instrument 43-101, 'Standards of Disclosure for Mineral Projects'. Based on his information, Mr. Eddie has consented to the content of this press release in the form and context in which it appears. Mr. Eddie has read National Instrument 43-101 and has ensured that this press release has been written in compliance with that instrument.
Analysis of these recent samples complied fully with the Analytical Quality Assurance Program put in place by La Mancha 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 the laboratory, duplicates allow the overall precision to be quantified and standards determine the analytical accuracy. All samples were generated by cutting the NQ2 diamond core in half, and sending one half to the lab for assaying. All samples generated are based on sampling according to geological boundaries. Samples are assayed at the SGS Laboratory in Kalgoorlie using a 50g Fire Assay analysis.
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. La Mancha's shares trade on the Toronto Stock Exchange (TSX) under the symbol 'LMA'. For more information, 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 statements regarding the quantity of mineralization in place and its grade in Au, the extension of the existing ore body to the south and at depth, the materiality of these results and the competence of the ground giving access to them, calculation and evolution of mineral resources, the ability of the Company to qualify a 43-101 compliant resource on the property before year-end, future work programs and objectives associated therewith, drill targets and anticipated results, interpretation of work results, development plans and anticipated timetables. 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 2009 Annual Information Form filed with the Securities Commissions and the Toronto Stock Exchange.
Table 1: Results
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HOLE ID LODE INTERVAL INTERSECT TRUE THICKNESS
(m) (g/t AU) (m)
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FUGD_347 FOG 137.72 - 140.36 2.64m @ 7.7 1.20
ROCKET 179 - 183.39 4.39m @ 4.19 1.70
FUGD_348 FOG 117.68 - 122.68 5.00m @ 5.25 2.05
ROCKET 144 - 148.98 4.98m @ 34.67 2.20
FUGD_349 FOG 105.13 - 107.67 2.54m @ 9.89 0.80
ROCKET 172.71 - 174.36 1.65m @ 8.32 0.50
FUGD_350 FOG 115 - 119.68 4.68m @ 2.95 1.00
ROCKET 210.27 - 212.17 1.90m @ 3.76 0.60
FUGD_351 FOG 78.52 - 84.38 5.86m @ 35.71 4.00
FUGD_352 FOG 89.13 - 94.36 5.23m @ 19.92 3.00
ROCKET 141.93 - 142.82 0.89m @ 6.75 0.40
FUGD_353 FOG 91.68 - 95.45 3.77m @ 16.65 1.20
FUGD_354 ROCKET 222.23 - 229.8 7.57m @ 12.14 1.50
FUGD_355 FOG 54.59 - 57.31 2.72m @ 9.4 2.00
FUGD_356 FOG 86.89 - 87.35 0.46m @ 2.94 0.20
FUGD_357 (no significant
intercept)
FUGD_358 ROCKET 188.86 - 190.8 1.94m @ 3.6 0.60
FUGD_359 FOG (no significant
intercept)
FUGD_360 FOG 43.07 - 43.98 0.91m @ 19.40 0.73
FUGD_361 FOG 53.74 - 57.04 3.30m @ 2.13 1.80
FUGD_362 FOG (no intercept)
FUGD_363 FOG 82.82 - 85.39 2.57m @ 2.81 1.07
FUGD_364 FOG (no intercept)
FUGD_365 FOG 49.17 - 51.18 2.01m @ 3.55 1.00
FUGD_366 FOG 56.96 - 61.91 4.95m @ 1.36 2,50
ROCKET 133.74 - 137.53 3.79m @ 0.24 2.05
FUGD_367 FOG 66 - 71 5.00m @ 1.68 2.52
ROCKET 137 - 142 5.00m @ 0.98 1.93
FUGD_368 FOG 77.5 - 80.08 2.58m @ 1.03 0.41
FUGD_369 FOG 54.66 - 55.17 0.51m @ 0.55 0.50
ROCKET 58.1 - 60.4 2.30m @ 8.51 1.05
FUGD_370 ROCKET 57 - 60 3.00m @ 3.16 2.00
FUGD_371 ROCKET 58.7 - 67 8.30m @ 1.12 2.40
FUGD_373 FOG 78 - 79.82 1.82m @ 4.83 1.01
FUGD_375 FOG 61.0 - 62.20 1.20m @ 0.69 0.45
ROCKET 66.0 - 69.75 3.75m @ 2.96 1.27
FUGD_376 ROCKET 61.6 - 68.38 6.78m @ 7.94 2.35
FUGD_414 DWARF 136 - 140.75 4.75m @ 6.67 3.95
FOG 142 - 154.23 12.23m @ 6.13 10.50
ROCKET 182.13 - 184.87 2.74m @ 3.56 2.00
FUGD_415 FOG 172 - 179.04 7.04m @ 3.71 6.30
FUGD_418 DWARF 140 - 147 7.00m @ 7.66 6.90
FOG 151 - 161 10.00m @ 11.93 11.60
ROCKET 173.57 - 174.95 1.38m @ 1.83 0.96
FUGD_419 FOG 131.07 - 145.4 14.33m @ 9.08 12.70
ROCKET 168.98 - 170.08 1.10m @ 1.95 1.00
FUGD_420 FOG 164 - 170 6.00m @ 5.82 5.81
FUGD_422 FOG 152 - 153.4 1.40m @ 4.57 1.21
FUGD_424 DWARF 119.65 - 122.75 3.10m @ 8.01 2.71
FOG 136.1 - 138.61 2.51m @ 21.45 2.46
ROCKET 145 - 149.87 4.87m @ 1.55 4.70
FUGD_426 ROCKET 239.2 - 241.95 2.75m @ 9.20 1.52
FUGD_469 FOG 149.48 - 152.04 2.56m @ 1.88 1.90
FUGD_470 ROCKET 210 - 211.38 1.35m @ 17.66 0.92
FUGD_471 FOG 142 - 143.7 0.80m @ 11.24 0.75
FUGD_472 FOG 178.00 - 182.3 4.30m @ 73.70 2.90
ROCKET 189.00 - 195.58 6.58m @ 2.37 4.11
FUGD_473 (no Significant
intercept)
FUGD_474 FOG 157 - 159.81 2.81m @ 6.95 2.62
ROCKET 164.05 - 172 7.95m @ 2.02 5.60
FUGD_475 ROCKET 243 - 244 1.00m @ 1.87 0.59
FUGD_476 FOG 159 - 162 3.00m @ 5.69 2.45
FUGD_479 FOG 171.3 - 182.9 11.60m @ 6.80 8.90
ROCKET 194 - 200.08 6.08m @ 6.42 4.18
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Cross-section figures are available on the Marketwire Website at the following address: http://media3.marketwire.com/docs/LMA_Cross-section.pdf.
Contacts:
La Mancha Resources Inc.
Martin Amyot
Vice President Corporate Development
514-987-5115, Ext. 25
info@lamancha.ca
La Mancha Resources Inc.
Nicole Blanchard
Investor Relations
514-987-5115 Ext. 26
nblanchard@lamancha.ca
www.lamancha.ca