TSX - LMA
MONTREAL, March 8 /CNW/ - On Wednesday, March 7, 2007, the mine employees
of Société des Mines d'Ity (thereafter referred to as "SMI" or the "Ity mine")
entered into a work stoppage forcing all operations at the Ity mine to be
suspended. SMI is jointly owned by La Mancha Resources Inc. (TSX:LMA,
thereafter "La Mancha" or the "Company") and SODEMI, an Ivorian government
agency co-investing in local mining opportunities. La Mancha and SODEMI
respectively hold interests of 51% and 49% in the Ity mine.
The interruption of the operations has been orderly and without incident.
SMI's management rapidly resumed communication with the union representatives
and discussions to find a rapid solution to the work stoppage are already
underway. Normal operations of the mine will resume as soon as a
"back-to-work" agreement can be concluded.
Further details will be released and communicated as they become
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.
For further information:
For further information: La Mancha Resources INC., Martin Amyot, Vice
President Corporate Development, Tel: (514) 987-5115, E-mail:
email@example.com, Web: www.lamancharesources.com