VANCOUVER — La Mancha Resources (LMA-T, LACHF-O) has added more than 1 million oz. of inferred gold to the resource at its 40%-owned Hassai mine in Sudan.
La Mancha, the operator of the mine, has been outlining volcanogenic massive sulphide (VMS) targets beneath open pits at Hassai.
The million ounces gold at the Hadal Awatib pit comes on the heels of a separate resource estimate released in September pegging the nearby Hassai pit at about 1 million oz. of inferred gold.
The Hadal Awatib resource estimate weighs in at 2.9 million indicated tonnes grading 0.93 gram gold per tonne and 1.27% copper and 48.5 million inferred tonnes grading 1.33 grams gold and 1.23% copper.
The combined resource estimates, 40% attributable to La Mancha, top 2 million contained ounces gold and 1.27 billion lbs. copper in the inferred category.
The company says it plans to complete a scoping study detailing how it would mine the VMS targets by the end of the first quarter 2010.
The Hassai mine is about 450 km northeast of Khartoum.
On news of the second VMS resource estimate, La Mancha shares held steady. The company has about 142 million shares outstanding.
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