La Mancha Resources Inc.: Second Hassai Mine VMS Target Boosts Project's 43-101 Inferred Resource to Over Two Million Ounces of Gold
HIGHLIGHTS (Hadal Awatib):
- 1,089,500 ounces of gold in inferred resources (435,800 attributable to La Mancha)
- 132,640 ounces of gold in indicated resources (53,050 attributable to La Mancha)
- 279,000 tonnes of copper in inferred resources (111,600 tonnes attributable to La Mancha) and 36,800 tonnes of copper in indicated resources (14,720 tonnes attributable to La Mancha)
- A large part of the resource appears accessible by open pit mining method
- 54,000 ounces of additional gold resources in the oxide zone
HIGHLIGHTS (VMS - cumulative)
- More than 2 million ounces of gold (over 800,000 attributable to La Mancha)
- More than 575,000 tonnes of copper (over 230,000 attributable to La Mancha)
- Resource remains open at depth and/or along strike
- La Mancha reaffirms its goal of growing its consolidated M&I resources to 4 million ounces of gold within the next few years
La Mancha Resources Inc. (TSX:LMA, hereinafter "La Mancha" or the "Company") is pleased to announce the 43-101 compliant resource estimate for the second VMS target (Hadal Awatib pit) on its Hassai property in Northeast Sudan. The resource for the first VMS target at Hassai was reported on September 10, 2009. The cumulative inferred resource for the VMS project at Hassai now exceeds 2 million ounces of gold and 575,000 tonnes of copper. The gold equivalent of the cumulative copper resource represents 3,369,500 ounces of gold (1,347,800 ounces attributable to La Mancha) using a long-term gold price of US $750/oz and a long term copper price of US $2/lb.
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