TSX - LMA
MONTREAL, March 12 /CNW/ - La Mancha Resources Inc. (TSX:LMA, thereafter
"La Mancha" or the "Company") reports that the labor dispute at the Ity mine
is now over. In a meeting held earlier today, the mine employees have accepted
the terms of new work conditions that were agreed upon by the union
representatives and mine management on Friday, March 9th, 2007.
Mining activities are already back to normal, and La Mancha estimates
that its attributable gold production lost over the work stoppage is less than
200 ounces. The Company remains confident that it will achieve its 1st quarter
gold production target of 5,250 ounces.
Michel Cuilhé, Chairman and CEO of La Mancha stated, "We are pleased by
the way the negotiations were led and with their outcome. We are glad to be
resuming safe and productive operations with our work force at the Ity mine."
The Ity mine commenced operations in 1991 and is located in western Côte
d'Ivoire, approximately 700 km from Abidjan. La Mancha's attributable gold
production expected from the Ity mine in 2007 is 21,400 ounces, which would
represent 28% of La Mancha's total attributable yearly production.
ABOUT LA MANCHA RE
La Mancha Resources Inc. is an international gold producer based in
Canada with operations, development projects and exploration activities in
Africa, Australia and in Argentina. La Mancha's shares trade on the Toronto
(TSX) under the symbol "LMA". For more information on the Company, you may
visit the web at www.lamancharesources.com.
Caution Concerning Forward-Looking Statements
This press release contains "forward-looking statements", including,
without limitations, the capacity of the Ity mine to meet its 1st quarter
production target. Forward-looking statements express, as at the time of this
press release, the Company's expectations or beliefs as to future events and
results. Forward-looking statements involve a number of risks and
uncertainties, and there can be no assurance that such statements will prove
to be accurate. Therefore, actual results and future events could differ
materially from those anticipated in such statements.
For further information:
For further information: please contact: La Mancha Resources Inc.,
Martin Amyot, Vice President Corporate Development, Tel: (514) 987-5115,
E-mail: email@example.com, Web : www.lamancharesources.com