www.hambledon-mining.com
Hambledon Mining plc is a gold mining and development group, which is operating the Sekisovskoye gold mine close to Ust Kamenogorsk in East Kazakhstan.
The Company has been mining from an open pit and operating an 850,000 tonnes per annum treatment plant since 2008. Underground mining at Sekisovskoye began in late 2011 on time and on budget. From a combined production from the underground and open pit mine of approximately 30,000 ounces in 2012 a figure of approximately 100,000 ounces is targeted from the underground mine alone in 2017. It hopes to complete the purchase of Akmola Gold LLP in March 2012, bringing in to the group two gold deposits with a total resource of 440,000 ounces gold.
Hambledon Mining says Sekisovskoye results confirm "robust" model
Hambledon Mining (LON:HMB) said today that the latest drill results from its Sekisovskoye underground gold project in Kazakhstan provided “robust” confirmation of the geological model.
The main intersections from December’s drilling were 9m at 4.86g/t gold, 2m at 3.5g/t gold and 4m at 2.62g/t gold.
The drill results and mined grade compare favourably to ore body number 11 where mining started in late 2011 and that will be mined in 2012, Hambledon said.
“The results are consistent and in many areas exceed the geological and mineral resource modelling previously carried out,” it added.
The Sekisovskoye deposit comprises approximately ten large mineralised zones intermingled with numerous "narrow and sinuous" mineralisation zones.
A cumulative total of 67 holes have now been drilled over 9,000 metres in the upper levels of the underground ore zones.
The group added that 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.
Ground conditions and water inflow within the excavation zones indicate that bulk mining later will be technically feasible.
A significant programme of geological and rock mass characterisation is to be undertaken with a team of UK geologists arriving to carry out a three month programme of specific structural mapping.
Hambledon’s target is for production from Sekisovskoye to rise progressively to 100,000 ounces per year.


















