La Mancha Resources Inc.
TSX : LMA

La Mancha Resources Inc.

April 16, 2010 09:20 ET

La Mancha Obtains First Gold Pour From Its Australian White Foil Mine

PARIS, FRANCE--(Marketwire - April 16, 2010) -  La Mancha Resources Inc. (TSX:LMA) -

HIGHLIGHTS

  • First gold pour from the White Foil mine
  • White Foil on schedule to produce up to 16,000 ounces for 2010

La Mancha Resources Inc. (TSX:LMA) (hereinafter "La Mancha" or the "Company") is pleased to report that its first gold dore bar was poured earlier today from ore mined at its 100%-owned White Foil mine near Kalgoorlie, in Western Australia.

Dominique Delorme, President and CEO of La Mancha, stated: "Inaugurating our second Australian gold mine within a 24-month span is a very symbolic milestone, as it highlights our continued ability to successfully deliver our business plan within our set objectives and timeline. With the addition of a fourth mine to La Mancha's gold asset portfolio, we are even better positioned to reap the benefits of a gold market supported by strong fundamentals."

Mining operations, which began on March 4, 2010, are running on schedule, with 54,036 tonnes at 2.32 g/t Au already mined as of April 16th, 2010. The White Foil mine remains on schedule to produce between 13,000 and 16,000 ounces of gold for 2010.

ABOUT THE WHITE FOIL MINE:

La Mancha's 100% owned White Foil mine is located approximately 2 km from the Company's Frog's Leg mine and 25 km west of Kalgoorlie, in the eastern goldfields region of Western Australia, which represents the southern portion of the six-million-ounce-endowed Kundana gold field. The mine is currently being contract-mined, with the ore toll-milled at the nearby Three-Mile-Hill treatment plant, located 26 km from the White Foil pit. The milling agreement provides La Mancha with a minimum milling capacity of 200,000 tonnes in 2010, shared equally between two milling campaigns scheduled for April and September.

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 (TSX) under the symbol "LMA". For more information on the Company, visit its website at http://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, production targets and time tables. 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, 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 licenses, risks of delays in construction and production and other risks referred to in La Mancha's 2009 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
    or
    La Mancha Resources Inc.
    Nicole Blanchard
    Investor Relations
    514-961-0229
    www.lamancha.ca