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LA MANCHA’S VMS RESOURCE INCREASES TO 81MT INDICATED TO 81MT INDICATED AND 37MT INFERRED
This significant resource expansion is a milestone of greatest importance for La Mancha since it confirms that our Hassaï property is a world-class asset. Moreover, this new resource, most of which is from two pits out of a potential 12, already ranks amongst the largest and richest VMS deposits in the world, while its potential remains largely untested. Having already outlined an Indicated resource of over 80 Mt, we have achieved the critical mass needed to launch a pre-feasibility study. This new resource estimate confirms yet again La Mancha's potential to grow into an intermediate gold producer within the next few years.
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LA MANCHA DISCOVERS A MINERALIZED STRUCTURE EXTENDING OVER 800M AT SISSEDOUGOU
The success of our exploration programs over the last few months can only add to the rising profile of this country within the gold community. Although our 2011 drilling program has confirmed the prospectivity of both of our two wholly-owned projects, Sissedougou and Bondoukou, the regularity, high grades and widths of the intercepts obtained over a strike length of more than 800 metres on the Sissedougou license places it in a class of its own. Sissedougou really has the potential to develop into a significant resource.
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LA MANCHA POSTS ITS STRONGEST QUARTER TO DATE: RECORD NET EARNINGS AND CASH FLOW FROM OPERATING ACTIVITIES
The record cash flow from operating activities generatedin the last quarter and La Mancha's resulting $91.5 million cash position as ofSeptember 30 are giving us yet more flexibility to deliver growth to theequivalent of 350,000 oz of gold per year by 2015.