La Mancha Resources Inc LACHF

New Mine

[RedHorizon]

LMA has announced that White Foil is about to become a producer. The production levels announced are lower than I expected but they are only talking about proven reserves at this point. They expect to recover 30,000 ounces for years and in the process bring the other 400,000 ounces of resources into the reserve categories. Then these will be producible in "phase II". I believe this is the plan.

Anyway the great news is that we have another 30,000 ounces of annual production which looks to be coming online this year!

https://cxa.marketwatch.com/TSX/en/Market/article.aspx?guid=http%3a%2f%2fsystem.marketwatch.com%2fnewscloud%2fdocguid%2f{4AB03723-D521-4588-A8E6-B96F1C18E454}&symb=LMA

[RedHorizon]

I want to make a correction to my prior post.  The 30,000 ounces from White Foil will begin by 2010, it is possible that we get some production from WF in 2009 but not definite.After the close LMA also announced that the 3 existing mines will produce between 85,000-100,000 ounces in 2009, not including anything from White Foil.  Expected cash costs will be $497 per ounce.So this means