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21 Feb 2012 11:53
Hambledon Mining plc
("Hambledon" or "the Company")
Latest drilling results from Sekisovskoye underground mine, Kazakhstan
21 February 2012
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 further drilling in 2012.
The results from the programme up to mid-February 2012 are set out below:
The 98 holes drilled to date total over 11,170 metres drilled, The main intersections since the last update include: Hole D68 - 4m at 4.81g/t Au, Hole D69 - 7m at 4.1g/t Au, Hole D73 - 7m at 4.1g/t Au, Hole D77 - 9m at 9.27g/t Au, Hole D78 - 14m at 3.5 g/t Au Hole D79 - 39m at 3.38g/t Au, Hole D82 - 13m at 5.85g/t Au, Hole D86 - 9m at 10.92gt Au, Hole D96 - 13.3m at 3.69g/t Au98 drill holes have been completed in the upper levels of the underground ore zones and the results are consistent and in many areas exceed the geological and mineral resource modeling previously carried out.
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 ore body to be mined in 2012 is ore body number 11 where mining started in Q4, 2011. The drill results and mined grade (including dilution) compare favourably with and provide robust confirmation of the geological model. It is expected that 6,500t of underground ore will be treated in February in the processing plant and underground mining activity is now achieving approximately 7,000t per month which is in line with budgeted plans for 2012 of 100,000tpa extraction rate.
Appendix - Sekisovskoye 2012 - Drill result summary as of mid-February 2012, holes 67 to 98.
| ? | HOLE | COORDINATES | DEPTH | GOLD MINERALIZATION_ore intervals | |||||||||||||||||||||||
| X | Y | Z | AZI | DIP | drilled | core | total | FROM | TO | LENGTH | AA-AKB LAB, AU, g/t | ||||||||||||||||
| 67 | EXP-4 | 7217.051 | 6742.331 | 379.167 | 268 | 9 | 29.1 | 29.1 | 29.1 | -- | -- | -- | -- | ||||||||||||||
| 68 | EXP-5 | 7217.172 | 6742.262 | 378.556 | 268 | -11 | 67.7 | 67.7 | 67.7 | 43.00 | 47.00 | 4 | 4.81 | ||||||||||||||
| 52.00 | 52.50 | 0.5 | 1.2 | ||||||||||||||||||||||||
| 56.00 | 61.00 | 5 | 1.47 | ||||||||||||||||||||||||
| 69 | EXP-6 | 7217.509 | 6742.839 | 378.306 | 269 | -32 | 65.1 | 65.1 | 65.1 | 39 | 42 | 3 | 1.11 | ||||||||||||||
| 52 | 59 | 7 | 4.1 | ||||||||||||||||||||||||
| 70 | EXP-8 | 7217.303 | 6741.777 | 379.357 | 250 | 10 | 31.5 | 31.5 | 31.5 | -- | -- | -- | -- | ||||||||||||||
| 71 | EXP-9 | 7217.228 | 6741.678 | 378.605 | 250 | -15 | 62 | 62 | 62 | 46 | 49 | 3 | 1.67 | ||||||||||||||
| 72 | EXP-10 | 7217.508 | 6741.829 | 378.208 | 250 | -40 | 60 | 60 | 60 | 28 | 29 | 1 | 1.37 | ||||||||||||||
| 36 | 40.3 | 4.3 | 1.28 | ||||||||||||||||||||||||
| 46.6 | 49 | 2.4 | 1.3 | ||||||||||||||||||||||||
| 56 | 57 | 1 | 1.58 | ||||||||||||||||||||||||
| 73 | EXP-10.1 | 7218.671 | 6741.833 | 379.35 | 236 | -24 | 31.5 | 31.5 | 31.5 | 39 | 42 | 3 | 1.11 | ||||||||||||||
| 52 | 59 | 7 | 4.1 | ||||||||||||||||||||||||
| 74 | EXP-11 | 7218.731 | 6741.093 | 380.081 | 223 | 29 | 16 | 16 | 16 | -- | -- | -- | -- | ||||||||||||||
| 75 | EXP-11.1 | 7217.79 | 6743.672 | 378.5 | 287 | -35 | 77.5 | 77.5 | 77.5 | 29 | 30 | 1 | 2.8 | ||||||||||||||
| 66.7 | 68 | 1.3 | 1 | ||||||||||||||||||||||||
| 76 | EXP-12 | 7218.636 | 6740.978 | 379.012 | 223 | 5 | 39 | 39 | 39 | 30.5 | 31.5 | 1 | 4.32 | ||||||||||||||
| 35.5 | 36.35 | 0.85 | 4.68 | ||||||||||||||||||||||||
| 77 | EXP-13.1 | 7218.379 | 6740.875 | 378.386 | 223 | -24 | 49.5 | 49.5 | 49.5 | 23 | 24 | 1 | 1.26 | ||||||||||||||
| 32 | 41 | 9 | 9.27 | ||||||||||||||||||||||||
| 43 | 44 | 1 | 1.22 | ||||||||||||||||||||||||
| 78 | EXP-14 | 7218.71 | 6740.998 | 378.042 | 223 | -46 | 58.2 | 58.2 | 58.2 | 36 | 50 | 14 | 3.5 | ||||||||||||||
| 57 | 58.2 | 1.2 | 2 | ||||||||||||||||||||||||
| 79 | EXP-15 | 7219.137 | 6740.898 | 379.246 | 188 | 11 | 56.7 | 56.7 | 56.7 | 15 | 16 | 1 | 3.76 | ||||||||||||||
| 19 | 20 | 1 | 1.02 | ||||||||||||||||||||||||
| 36 | 38 | 2 | 2.39 | ||||||||||||||||||||||||
| 4 | 43 | 39 | 3.38 | ||||||||||||||||||||||||
| 80 | EXP-15.1 | 7219.118 | 6741.147 | 381.77 | 188 | 33 | 26 | 26 | 26 | 17 | 18 | 1 | 1.32 | ||||||||||||||
| 81 | EXP-16 | 7219.066 | 6740.538 | 378.444 | 188 | -18 | 50.5 | 50.5 | 50.5 | 32 | 39 | 7 | 2.24 | ||||||||||||||
| 47 | 48 | 1 | 3.18 | ||||||||||||||||||||||||
| 82 | EXP-17 | 7219.26 | 6741.559 | 377.36 | 188 | -47 | 66.5 | 66.5 | 66.5 | 32 | 45 | 13 | 5.85 | ||||||||||||||
| 83 | EXP-18 | 7220.24 | 6741.532 | 381.04 | 159 | 21 | 17 | 17 | 17 | -- | -- | -- | -- | ||||||||||||||
| 84 | EXP-19 | 7220.4 | 6741.192 | 380.072 | 159 | 7 | 49.4 | 49.4 | 49.4 | 32 | 33 | 1 | 4.58 | ||||||||||||||
| 40 | 41 | 1 | 1.81 | ||||||||||||||||||||||||
| 85 | EXP-20 | 7220.831 | 6740.27 | 378.067 | 159.5 | -16 | 49 | 49 | 49 | 35 | 42 | 7 | 1.83 | ||||||||||||||
| 86 | EXP-21 | 7220.816 | 6740.761 | 377.924 | 159 | -44 | 55.5 | 55.5 | 55.5 | 14 | 15 | 1 | 2.14 | ||||||||||||||
| 39 | 48 | 9 | 10.92 | ||||||||||||||||||||||||
| 53 | 54 | 1 | 1.24 | ||||||||||||||||||||||||
| 87 | EXP-22 | 7221.752 | 6749.861 | 379.94 | 133 | 9 | 57.5 | 57.5 | 57.5 | -- | -- | -- | -- | ||||||||||||||
| 88 | EXP-23 | 7221.678 | 6741.959 | 377.846 | 133 | -13 | 13.5 | 13.5 | 13.5 | -- | -- | -- | -- | ||||||||||||||
| 89 | EXP-23.1 | 12.7 | -- | -- | -- | -- | |||||||||||||||||||||
| 90 | EXP-23.2 | 7221.563 | 6740.475 | 378.799 | 134 | -13 | 54 | 54 | 54 | 15 | 16 | 1 | 1.8 | ||||||||||||||
| 91 | EXP-24 | 7221.058 | 6742.543 | 377.45 | 133 | -37 | 58.3 | 58.3 | 58.3 | 45.5 | 52 | 6.5 | 2.45 | ||||||||||||||
| 92 | EXP-25 | 7221.92 | 6741.8 | 378.147 | 113 | -22 | 51.5 | 51.5 | 51.5 | 35.5 | 36.85 | 1.35 | 14.38 | ||||||||||||||
| 43 | 45 | 2 | 2.2 | ||||||||||||||||||||||||
| 93 | EXP-1.2 | 7217.757 | 6743.52 | 378.41 | 289 | -13 | 70.1 | 70.1 | 70.1 | 61.5 | 62.95 | 1.45 | 1.22 | ||||||||||||||
| 94 | EXP-1.3 | 7217.486 | 6743.275 | 378.5 | 287 | -35 | 66 | 66 | 66 | 57 | 58 | 1 | 3.6 | ||||||||||||||
| 61 | 63 | 2 | 6.23 | ||||||||||||||||||||||||
| 95 | EXP-26 | 7188.197 | 6779.016 | 344 | 265 | -17 | 30 | 30 | 30 | 3 | 4.6 | 1.6 | 1.68 | ||||||||||||||
| 8 | 9 | 1 | 1.6 | ||||||||||||||||||||||||
| 15 | 18 | 3 | 2.24 | ||||||||||||||||||||||||
| 96 | EXP-27 | 7188.57 | 6778.965 | 344 | 209 | -10 | 51 | 51 | 51 | 10.7 | 24 | 13.3 | 3.69 | ||||||||||||||
| 27 | 37.8 | 10.8 | 2.22 | ||||||||||||||||||||||||
| 44 | 45 | 1 | 1.44 | ||||||||||||||||||||||||
| 97 | EXP-28 | 7188.247 | 6778.751 | 345 | 239 | 17 | 35.8 | 35.8 | 35.8 | 23 | 25 | 2 | 2.12 | ||||||||||||||
| 33 | 34 | 1 | 2.82 | ||||||||||||||||||||||||
| 98 | EXP-29 | 7188.732 | 6778.196 | 344.491 | 234.6 | -14 | 26 | 26 | 26 | 15.3 | 22 | 6.7 | 1.96 | ||||||||||||||
Qualified Person
Information in this report relating to the drilling results is based on data reviewed by Timothy Daffern, BEng, MBA, FIMMM, FAusIMM, MCIM, CEng, Chartered Mining Engineer, Chief Executive Officer of Hambledon Mining plc. Timothy Daffern has in excess of 24 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 BROKER):
Telephone +44 (0)207 598 5368
Ewan Leggat/Katy Birkin
TAVISTOCK COMMUNICATIONS:
Telephone +44 (0)207 920 3150
Ed Portman/Jos Simpson
Copyright Business Wire 2012
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