Altyngold Regulatory News (ALTN)

31 Aug 2011 14:34

Hambledon Mining Plc

("Hambledon" or "Company")

Latest drilling results from Sekisovskoye underground project, Kazakhstan

Hambledon Mining Plc (AIM: HMB), the Kazakhstan gold mining and development company, continues to advance its underground drill programme to validate and expand the geological resources at Sekisovskoye and today reports the results of a further 18 drill holes.

Key results from the programme during July and August 2011 are as follows:

To date, a total of 47 drill holes over 7,100m have been completed in the upper levels of the underground ore zones and the results are consistent with the modelling previously carried out but with increases in the overall widths of mineralisation when compared with the drilling undertaken in the 1990s and historically in the Soviet era.

The assays were carried out in the Altai Ken-Bayitu laboratory with independent verification to be undertaken by the Alex Stewart Group in Karabalta, Kyrgyzstan.

The Sekisovskoye deposit comprises approximately ten large mineralised zones intermingled with numerous narrow and sinuous mineralisation zones. The zones of mineralisation show wide variation in thickness from 0.35 metres to 30 metres, with a weighted average of 5.5 metres. The zones display a localised pinch and swell structure, with variable gold and silver content. The large average width makes for easier and lower cost mining.

The results are providing the basis for the upgraded modelling of Sekisovskoye which will form the basis for the stope definition and detailed mine engineering that is being undertaken by Golders Associates UK, and Canada. Upon completion of these studies later in 2011, Hambledon will be able to update its mineable reserve statement.

Appendix 1 - Sekisovskoye 2011 - Drill result summary as of 31 August, hole 30 to hole 47.

Qualified Person

Information in this report relating to the exploration results is based on data reviewed by Timothy Daffern, BEng, MBA, FIMMM, FAusIMM, MCIM, Chartered Mining Engineer, Chief Executive Officer of Hambledon Mining plc. Timothy Daffern has in excess of 22 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 1462Charles Zorab

FAIRFAX I.S. PLC (NOMAD AND JOINT BROKER):Telephone +44 (0)207 598 5368Ewan Leggat/Katy Birkin

TAVISTOCK COMMUNICATIONS:Telephone +44 (0)207 920 3150Ed Portman/Jos Simson

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