Vancouver – La Mancha Resources (LMA-T, LACHF-O) added over a million oz. inferred gold to its resource estimate at its 40%-owned Hassai mine in Sudan.
La Mancha, which operates the Hassai mine, has been outlining volcanogenic massive sulphide (VMS) targets beneath open pits at the mine.
The million oz. 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. inferred gold.
The Hadal Awatib resource estimate weighed 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 oz. contained gold and 1.27 billion lbs. copper in the inferred category.
The company says it plans to have a scoping study detailing how it would mine the VMS targets out 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’s shareprice was holding stead at presstime. La Mancha has about 142 million shares outstanding.
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