Drilling Report
19 January 2012 - 6:00PM
UK Regulatory
TIDMHMB
Hambledon Mining plc
("Hambledon" or "Company")
Latest drilling results from Sekisovskoye underground project,
Kazakhstan
19 January 2012
Hambledon Mining Plc (AIM: HMB), the Kazakhstan gold mining and
development company, continues to advance its underground drill
programme to validate and expand the geological resources at
Sekisovskoye and today reports the results of a further four drill
holes.
The results from the programme during December 2011 following a
period of six weeks of planned maintenance of the drill rigs are as
follows:
-- A cumulative total of sixty seven holes drilled to date over 9,000
metres
-- The main intersections since the last update include:
Hole D65 - 9m at 4.86g/t Au,
Hole D66 - 2m at 3.5g/t Au,
Hole D67 - 4m at 2.62g/t Au,
To date, sixty seven 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 geological and mineral
resource modeling previously carried out.
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 Sekisovskoye deposit comprises approximately ten large
mineralised zones intermingled with numerous narrow and sinuous
mineralisation zones. The zones of mineralisation show wide
variation in thickness from 0.35 metres to 30 metres, with a
weighted average of 5.5 metres. The zones display a localised pinch
and swell structure, with variable gold and silver content. The
large average width makes for easier and lower cost mining.
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 favorably and provide robust
confirmation of the geological model.
Good progress has been in made in expanding the underground
mining zones with three levels being mined at present and a fourth
due to commence in early February, 2012. The ground conditions have
to date been good and water inflow within the excavation zones
minimal, providing confidence that the bulk mining methods to be
employed later will be technically feasible.
A significant programme of geological and rock mass
characterisation will take place concurrently to ensure that the
mining operation advances in tandem with sound engineering
knowledge guiding the development of the project. A team of UK
geologists will be visiting the mine site in mid-2012 for three
months to carry out additional and specific structural mapping to
add to the rock characterization studies supervised by Golder
Associates, UK.
Qualified Person
Information in this report relating to the exploration results
is based on data reviewed by Timothy Daffern, BEng, MBA, FIMMM,
FAusIMM, MCIM, Chartered Mining Engineer, Chief Executive Officer
of Hambledon Mining plc. Timothy Daffern has in excess of 23 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 1462Charles
Zorab
FAIRFAX I.S. PLC (NOMAD AND JOINT BROKER): Telephone +44 (0)207
598 5368Ewan Leggat/Katy Birkin
TAVISTOCK COMMUNICATIONS: Telephone +44 (0)207 920 3150Ed
Portman/Jos Simson
? HOLE COORDINATES DEPTH GOLD MINERALIZATION_ore intervals
X Y Z AZI DIP drilled core total FROM TO LENGTH AA-AKB LAB, AU, g/t
64 EXP-26 7188.197 6779.016 344 265 -17 30 30 30 15 16 1 4.86
65 EXP-27 7188.57 6778.965 344 209 -10 50 50 50 12 13 1 1.80
13 14 1 5.66
14 15 1 9.68
16 17 1 2.86
17 18 1 9.26
18 19 1 8.56
19 20 1 1.40
20 21 1 0.92
21 22 1 1.44
22 23 1 3.96
23 24 1 1.42
66 EXP-28 7188.247 6778.751 345 239 17 33 33 33 22 23 1 4.02
23 24 1 3.08
67 EXP-29 7188.732 6778.196 344.491 234.6 -14 25 25 25 15.3 16 0.7 1.00
16 17 1 3.50
17 18 1 2.04
18 19 1 1.96
19 20 1 2.96
20 21.2 1.2 0.94
21.2 22 0.8 1.30
Total: 9641.8 9641.8 9641.8
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