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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Altyngold Plc | LSE:ALTN | London | Ordinary Share | GB00BMH19X50 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.00 | -0.69% | 144.00 | 140.00 | 144.00 | 148.00 | 143.00 | 143.00 | 28,870 | 14:05:55 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | 62.04M | 13.23M | 0.4841 | 3.06 | 39.63M |
From Jul 2019 to Jul 2024
TIDMHMB
RNS Number : 4077F
Hambledon Mining PLC
14 June 2012
Hambledon Mining plc
("Hambledon" or "Company")
14 June 2012
Update on underground mining and 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 mine and associated diamond drill programme to validate and expand the geological resources at Sekisovskoye and today reports the results of further drilling and underground works in Quarter 2.
The results from the programme up to 12(th) June 2012 are set out below:
-- 126 holes drilled to date, totalling 14,906 metres, -- The main intersections since the last update include: -- Hole D116 - 3m at 5.08g/t Au and 2m at 6.55g/t Au, -- Hole D117 - 2m at 9.88g/t Au and 4m at 6.46g/t Au, -- Hole D118 - 12m at 16.68g/t Au, -- Hole D119 - 2m at 4.55g/t Au, -- Hole D120 - 10m at 3.68g/t Au.
The 126 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 previous geological and mineral resource modelling.
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 and provide robust confirmation of the geological model.
Underground mining
The underground mining continues to advance according to plan with the 326 mrl and 316 mrl stopes being mined at present; development work for the 306mrl stope is ongoing. All works are being undertaken by the mining contractor who has recently expanded the underground fleet to include additional load haul dump machines and trucks.
Construction works for the main high voltage substation for the next mining block and associated dewatering station are essentially complete. The main ventilation and air heating house is well advanced. Progress is according to schedule and is expected to be commissioned in advance of the Kazakhstan winter so that operations are in full compliance with local laws and are able to continue without any effect of the harsh winter climate.
Appendix 1 - Sekisovskoye 2012 - Drill result summary as of 12 June 2012; holes 115 to 123.
Hot Features
Premium
No. HOLE COORDINATES DEPTH GOLD MINERALIZATION_ore
intervals
---- ------- ---------------------------------------------- ------------------------ -------------------------------
X Y Z AZI DIP drilled core total FROM TO LENGTH AA-AKB
LAB,
AU,
g/t
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
115 D-142 7308.586 6900.131 325.1329 226.37 -67 233.5 233.5 233.5 2 4 2 2.72
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
11 12 1 2.95
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
20 21 1 2.49
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
27 28 1 1.96
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
65 66 1 1.48
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
68 69 1 1.78
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
118 121 3 1.68
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
187 188 1 1.47
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
116 D-141A 7307.984 6899.739 325.663 226.37 -26 141.6 141.6 141.6 0 3 3 5.08
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
13.7 15 1.3 2.25
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
31 33 2 6.555
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
47 48 1 11.34
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
117 D-146 7298.624 6786.602 326.3 226.37 -46 116.2 116.2 116.2 33 34 1 1.12
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
50 52 2 9.885
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
86 87 1 21.76
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
88 89.2 1.2 1.1
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
94 98 4 6.46
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
102 102.5 0.5 15.54
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
112 113 1 1.64
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
118 D-73A 226.37 -11 117 117 117 55 56 1 1.48
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
72 73 1 2.81
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
84 85 12 1
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
88 100 1 16.68
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
101 102 1 2.3
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
119 D-143 7308.108 6899.789 325.294 226.37 -47 160 160 160 2 3 1 2.18
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
12 14 2 1.98
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
15 17 2 4.55
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
36 37 1 1.86
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
120 D-62 7287.953 6825.35 326.182 227.37 -30 151.2 151.2 151.2 87 88 1 1.35
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
102 112 10 3.68
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
121 D-61 7288.126 6825.515 325.943 226.37 42 140.8 140.8 140.8 96 101 5 2.25
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
106 107 1 5.88
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
111 113 2 3.4
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
116 117.3 1.3 1.06
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
121 122 1 1.08
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
122 D-145 7409.121 6945.942 324.861 46.4 -21 157 157 157 tbc tbc tbc tbc
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
123 D-145A 7409.139 6945.927 325.414 46.4 0 131.5 131.5 131.5 tbc tbc tbc tbc
---- ------- --------- --------- --------- ------- ---- -------- ------ ------ ----- ------ ------- -------
Qualified Person
Information in this report relating to the diamond 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 Simson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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