Drilling Update
May 19 2011 - 1:00AM
UK Regulatory
TIDMHMB
Hambledon Mining plc
("Hambledon" or "Company")
Latest drilling results from Sekisovskoye Underground Project,
Kazakhstan
Hambledon Mining plc (AIM: HMB), the Kazakhstan gold producer,
today provides an update on the latest set of drill results
received from its substantial underground drill programme at
Sekisovskoye.
Results from the drill campaign during March and April 2011:
-- Seventeen drill holes completed to date, all have intersected gold
mineralisation
-- Over 2,730 metres drilled of planned 25,000 metre operation
-- Key mineralised intersections include:
-- Hole D66 - 18m at 3.66 g/t Au
-- Hole D133 - 15m at 4.0 g/t Au
-- Hole D67 - 1m at 10.9 g/t Au
The results from completed drilling continue to show increases
in overall width of mineralisation when compared to the drilling
undertaken in the 1990s and historically by the Soviet exploration
programmes. These width extensions lead to an increased volume of
economic mineral resources.
The recent drilling has been aligned to the mine planning work
for stope definition. This information is to be used by Golders
Associates ("Golders") in their current geological modeling of
Sekisovskoye at 1.0 g/t Au cut off grade boundary. This modelling
forms the basis for the detailed mine engineering that is also
being undertaken by Golders. The result of both studies is that
later in 2011 Hambledon will be in a position to update its
mineable reserve statement. The analytical works were carried out
in the Altai Ken-Bayitu laboratory with independent assay
verification undertaken by the Alex Stewart Group in Karabalta,
Kyrgyzstan.
The Sekisovskoye deposit comprises approximately ten large
mineralised zones intermingled with an additional 190 narrow and
sinuous mineralisation zones. The zones of mineralisation show wide
variation in thickness from 0.35 metres to 30 metres with an
average of 2.2 metres and localised pinch and swell structure, with
variable gold and silver content.
Tim Daffern, CEO, commented:
"Our positive progress in the drilling programme has resulted in
gold mineralisation in line with management expectations. We hope
to update shareholders before the end of the June with the next
batch of underground drill results. To date, 17 drill holes have
been completed and the results have confirmed the geometry of the
resource and validity of the current resource model"
Appendix 1
Sekisovskoye 2011 - Drill result summary as of May 2011, hole 9
(complete) to hole 17.
? HOLE COORDINATES DEPTH GOLD MINERALIZATION_ore intervals
X Y Z AZI DIP drilled core total FROM TO LENGTH AA-AKB LAB, AU, g/t
9 D125 7617.3 6757.22 322.95 225 -30 189.8 189.8 189.8 3.00 4.00 1 7.32
11.00 15.00 4 2.38
37.00 70.00 33 4.5
91.00 92.00 1 1.32
109.00 110.00 1 1.78
123.00 124.00 1 1.38
145.00 147.00 2 2.16
170.00 171.00 1 1.5
177.00 178.00 1 1.29
10 D135 7613.814 6640.819 327.047 41 0 75.1 75.1 75.1 15.00 16.00 1 1.59
11 D136 7611.787 6639.246 325.657 230 -68 164.1 164.1 164.1 38.00 53.00 15 1.52
98.70 99.70 1 1.37
158.00 159.00 1 1.52
12 D67 7449.712 6930.709 324.24 225 -46.4 209.4 209.4 209.4 17.00 18.00 1 1.26
30.50 31.50 1 1.14
38.70 39.80 1.1 5
135.00 136.00 1 10.9
170.70 171.40 0.7 1.17
174.80 176.00 1.2 2.11
205.00 206.00 1 1.33
13 D139 7586.18 6614.071 326.905 227 0 175.6 175.6 175.6 71.00 72.00 1 1.26
124.00 126.00 2 2.29
14 D66 7453.59 6934.41 324.56 49 -43 70.5 70.5 70.5 7.00 8.00 1 1.7
12.00 13.00 1 1.88
17.00 18.00 1 1.06
22.00 34.00 12 3.66
37.00 43.00 6.00 2.87
64.00 65.00 1.00 4.82
15 D137 7609.407 6637.11 324.849 224 -33.1 91.9 91.9 91.9 4.00 5.00 1.00 1.34
16 D134 7564.42 6649.838 325.01 230 -41 61.5 61.5 61.5 3.00 4.00 1 1.85
29.00 30.00 1 1.3
36.00 37.00 1 1.38
17 D133 7564.67 6650.032 324.145 226 -78 123 123 123 8.40 9.40 1.00 1.34
20.80 21.80 1.00 4.65
24.80 25.80 1.00 2.13
30.70 31.60 0.90 1.29
40.30 41.30 1.00 1.12
48.00 49.00 1.00 1.24
50.00 51.00 1.00 1
55.00 56.00 1.00 1.48
69.00 77.00 8.00 1.15
87.00 88.00 1.00 3.93
93.00 108.00 15.00 4
111.00 112.00 1.00 1.62
114.00 115.00 1.00 1.14
Qualified Person
Information in this report relating to the exploration results
is based on data reviewed by Timothy Daffern, BEng, MBA, FIMMM,
MIMMM, MCIM, Chartered Mining Engineer, Chief Executive Officer of
Hambledon Mining plc. Timothy Daffern has in excess of 21 years
experience in mineral project development and evaluation including
exploration and is a Qualified Person under the AIM Rules.
ENQUIRIES:
HAMBLEDON MINING:
Telephone +44 (0)207 233 1462
Charles Zorab
FAIRFAX I.S. PLC (NOMAD AND JOINT BROKER):
Telephone +44 (0)207 598 5368
Ewan Leggat/Katy Birkin
AMBRIAN PARTNERS LTD (JOINT BROKER):
Telephone +44 (0)207 634 4700
Samantha Harrison/Shaun Whyte
TAVISTOCK COMMUNICATIONS:
Telephone +44 (0)207 920 3150
Ed Portman/Jos Simson
Altyngold (LSE:ALTN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Altyngold (LSE:ALTN)
Historical Stock Chart
From Jul 2023 to Jul 2024
