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:

Eighteen holes drilled over a total of 2,300 metres Significant intersections since the last update include: Hole 30 - 14m at 1.48 g/t Au Hole 31 - 8.6m at 1.49 g/t Au, 5m at 2.49 g/t Au Hole 37 - 2m at 13.46 g/t Au Hole 47 - 3m at 10.87 g/t Au

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.

?		HOLE		COORDINATES										DEPTH						GOLD MINERALIZATION_ore intervals
				X		Y		Z		AZI		DIP		drilled		core		total		FROM		TO		LENGTH		AA-AKB LAB, AU, g/t
30		D126		7576.407		6715.926		324.062		41.5		-27		115.5		115.5		115.5		1		4		3		2.85
																				7		13		6		1
																				21		22		1		2.26
																				30		36		6		1.49
																				46		60		14		1.48
																				63		66		3		2.52
																				69		71		2		1.65
																				78		79		1		1.56
																				86.4		89		2.6		1.68
																				92		97		5		1.04
																				100		102		2		1.33
31		D86		7559.236		6928.334		323.636		225		-18		181.3		181.3		181.3		116		118		2		1.15
																				121		122		1		1.04
																				124.7		126		1.3		1.16
																				130		135		5		2.49
																				139.4		148		8.6		1.49
																				170		171		1		1.15
32		D115		7541.651		6738.482		323.435		228		-73.5		250		250		250		0		1		1		1.3
																				6		10		4		1.23
																				13		14		1		1.29
																				33		34		1		1.09
																				37		39		2		2.68
																				66		67		1		2.23
																				147		151		4		1.34
																				217.5		219		1.5		2.28
33		D116		7541.659		6738.356		323.539		228		-60		201.6		201.6		201.6		0		1		1		3.28
																				15		16		1		1
																				18		19		1		1.5
																				23		24		1		2.44
																				61		62		1		6.75
																				65		66		1		6.71
34		D57		7332.731		6870.816		324.676		230		-77		149.3		149.3		149.3		105		108		3		2.65
35		D65		7453.485		6934.315		326.136		44		30		84		84		84		23		24		1		2.38
																				39		40		1		1.15
36		D118		7541.778		6736.933		323.621		228		-42		158		158		158		4		7		3		1
																				10		11		1		1
37		D119		7523.007		6722.977		325.42		225		0		129.3		129.3		129.3		23		25		2		13.46
																				42		43		1		1.24
																				75		76		1		1.04
																				101		104		3		2.56
38		D104		7494.813		6754.091		324.199		225		-62		270		270		270		2		3		1		1.74
																				6		7		1		2.08
																				23		24		1		2.5
																				77		78		1		1.1
																				119		120		1		2.49
																				155		158		3		1.55
																				160		161		1		1.55
																				190		191		1		1
																				201		202		1		1.86
																				243		244		1		1.86
39		D75		7511.239		6936.383		326.051		225		36		51		51		51		4		5		1		6.85
																				16		17		1		1.02
40		PR3		7213.092		6993.171		327.696		262		-70		50		50		50		2		3		1		1.67
																				17		18		1		1.29
																				39		40		1		1.36
41		D105		7495.413		6753.228		324.65		223		-50		231.7		231.7		231.7		N/A		N/A		N/A		N/A
42		PR1		7213.566		6993.779		327.714		60		-70		70.5		70.5		70.5		N/A		N/A		N/A		N/A
																				19		23		4		2.14
																				28		29		1		1
																				56		57		1		1.39
43		D107		7495.413		6753.228		324.65		226		-37		216		216		216		N/A		N/A		N/A		N/A
44		PR4		7214.291		6994.311		331.513		60		52		50		50		50		0		1		1		2.82
																				10		11		1		1.02
45		PR2		7214.974		6994.831		328.029		60		50		40		40		40		11		12		1		2
																				14		15		1		1.15
																				18		22		4		1.45
																				31		33		2		2.35
46		PR1.1		7213.48		6994.6		327.81		60		-70		26.3		26.3		26.3		4		5		1		1.4
																				10		11		1		1.72
																				14		15		1		1.04
																				18		19		1		5.12
																				24		25		1		3.4
47		PR1.2		7213.91		6994.87		327.87		60		-70		40.5		40.5		40.5		20		23		3		10.87

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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