La Mancha Raise Proven and Probable Gold Reserves At Frog's Leg
Thursday, March 22, 2012 2:04 PM
La Mancha Resources Inc. (TSX: LMA.TO) says that its proven and probable gold reserves rose by 36% to 401,000 ounces at the company’s Frog’s Leg mine in western Australia. The company also says that it has increased the gold grade by 12% to an average of 5.76 grams per ton gold and extended the mine life by two years to 2019. “In 2008, reserves stood at 621,600 ounces. Today, with roughly 380,000 ounces already extracted and 787,000 ounces expected to be extracted, Frog's Leg has become a 1.2-million-ounce endowment,” says Dominique Delorme, president and chief executive officer of La Mancha. “We believe Frog's Leg still has significant potential, as the mine plan extends to a depth of only 600 meters, whereas neighboring mines have extended below 800 meters." La Mancha is an international gold producer based in Canada with operations, development projects and exploration activities in Africa, Australia and Argentina.
By Alex Létourneau of Kitco News; [email protected]
http://www.kitco.com/reports/KitcoNews20120322_MM.html
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