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Yuinmery Joint Venture Giralia 49% diluting, La Mancha Resources Australia Pty Ltd 51%
La Mancha Resources Pty Ltd (La Mancha), formerly Mines & Resources Australia Pty Ltd, has earned 51% interest in Giralia’s Yuinmery project, located 10 kilometres east of the historic Youanmi gold mine and 55 kilometres south-west of Troy Resources NL’s Sandstone gold operations.
An auger geochemical sampling program was completed at the Yuinmery project. A total of 1538 samples were collected and submitted for gold and base metal analyses. The target of the program was the Pete’s Patch gold prospect and extension of the Cu-Au mineralisation intersected in a small block of tenements surrounded by the Yuinmery JV project.
Preliminary results from Pete’s Patch show an elongate gold anomaly (>1km) coincident with the granite-greenstone boundary and passing through the area of anomalous RAB intersections reported last year eg 5m @ 1.37grams per tonne gold. The peak result was 895 parts per billion (“ppb”) gold, although one sample returned nuggety gold values with maximum 7 grams per tonne gold (repeats 58 and 55ppb gold). Maximum copper was 0.114%copper.
A further 1369 soil samples were collected in the June 2008 quarter, over 22 traverses, mostly at 400 metre by 40 metre spacing. Additionally, 52 rock chip samples were collected. |