First Gold Pour At White Foil Mine
MONTREAL - La Mancha Resources Inc. reported 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. 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. The company's address is 2001, rue University, bureau 400, Montral, Qubec H3A 2A6, 514-987-5115, fax: 514-987-5119.