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Drilling Update

12th Dec 2012 10:02

Hambledon Mining plc

("Hambledon" or "Company")

Latest drilling results from Sekisovskoye underground project, Kazakhstan

Hambledon Mining Plc (AIM: HMB), the Kazakhstan gold mining and development company, continues to advance its underground diamond drill programme as part of its mine development to validate and expand the geological resources at Sekisovskoye.

The results from the programme up to 9th December 2012 are set out below:

Since the last update in June 2012, 6,343metres of drilling have been completed; One hundred and seventy two holes drilled to date; Total of 21,249 metres drilled since programme started; The main intersections since the last update include: Hole D125 - 2.4m at 22.77g/t Au and 5m at 6.25g/t, Hole D127 - 14m at 7.04g/t Au, Hole D134 - 9m at 10.57g/t Au and 13m at 3.55g/t Au, Hole D141 - 10m at 3.69g/t Au, Hole D146 - 13m at 4.85g/t Au, Hole D149 - 22m at 9.23g/t Au, Hole D153 - 17m at 6.07g/t Au, Hole D154 - 24m at 6.94g/t Au, Hole D166 - 7.7m at 5.22g/t Au, Hole D168 - 4.7m at 4.22g/t Au and 16m at 8g/t Au.

172 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 previous geological and mineral resource modelling 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 trial mining in ore body number 11 where mining started in Q4, 2011 ceased in Q4, 2012 with all mined ores now processed. There is currently no underground mining ongoing but underground drilling continues. The trial mining works provided substantial operational and technical information which will be used in the feasibility study that is underway to allow underground mining to resume in 2013.

Appendix 1 - Sekisovskoye - Drill result summary as of 09 December 2012 - holes 124 to 172.

? HOLE COORDINATES DEPTH GOLD MINERALIZATION_ore intervals
X Y Z AZI DIP drilled core total FROM TO LENGTH AA-AKB LAB, AU, g/t
124 D-149 7346.824 6668.453 326.4 226.37 -31 139.5 139.5 139.5 1 2 1 1.02
3 4 1 1.59
22 25 3 4
45 47 2 1.56
62 63 1 2.99
125 D-150 7394.18 6710.449 325.6 226.37 -55 239.5 239.5 239.5 1 2.5 1.5 1.66
5 7 2 2.81
14 15 1 10.55
25 26 1 1.82
27 28 1 1.51
38 40 2 3.39
44 48 4 1.3
50 52.4 2.4 22.77
55 56 1 1.01
76 79 3 4.94
84 85 1 2.07
124 125 1 1
127 132 5 6.25
134 136 2 3.45
143 145 2 2.01
147 148 1 5.44
177 178 1 1.61
197 198 1 1.5
200 201 1 1.61
202 203 1 1.08
204 205 1 1.4
213 214 1 2.56
230 231.2 1.2 3.18
126 D-144 7406.725 6944.991 326 46.4 -20 142 142 142 ? ? ? ?
127 D151 7394.317 6710.593 325.5 226.37 -65 280.5 280.5 280.5 0 3 3 7.76
6.4 8 1.6 1.54
15 16 1 1.04
19 20 1 1.06
24 25 1 5.79
46 47 1 1.34
48 49.4 1.4 1.02
56 57 1 1.14
59 60 1 12.23
64 66 2 2.62
96.5 98 1.5 1.55
138 139 1 1.76
143 154 11 1.28
158 159 1 1.12
183 184 1 3.26
190 204 14 7.04
205 206 1 1.54
209 210 1 6.81
212 213 1 1.62
216 224 8 3.9
230 231 1 2.96
238 241 3 1.18
245 247 2 2.38
252 253 1 1.94
128 D152 7436.053 6751.909 325 226.37 -58 192 192 192 7 12 5 1.16
33 34 1 1.44
56 57 1 1.1
61 62 1 2.8
69 70 1 3.32
73 74 1 2.6
78 79 1 2.34
108 109 1 1.22
162 164 2 1.86
129 D153 7436.517 6752.351 325 226.37 -72 246 246 246 2 3 1 3.37
16 18 2 1.61
30 31 1 3.45
43 44 1 1.56
66 67 1 1.13
81 84 3 2.76
97 98 1 1.58
110 111 1 1
112 113 1 2.04
116 117 1 3.28
121 122 1 1.84
126 127 1 1.34
185 187 2 1.21
188 189 1 1.22
194 195 1 2.49
212 213 1 1.09
220 221 1 2.75
243 244 1 9.26
130 D160 7434.06 6751.035 325.2 226.37 -32 90 90 90 0 1 1 1.92
4 5 1 2.86
17 18 1 3.96
19 21 2 1.09
32 33 1 2.34
40 41 1 1.68
43 44 1 4.1
46 47 1 1.18
57 60 3 3.52
72 73 1 5.32
80 81 1 3.02
131 D162 7433.704 6750.669 325.5 46.37 -28 75 75 75 3 4 1 1.98
8 9 1 1.08
12 14 2 1.4
17 18 1 2.49
21 22 1 1.1
56 57 1 4.73
59 60 1 1.64
132 D161 7438.124 6755.243 326 46.37 -52 141 141 141 1 2 1 1.62
5 6 1 1.4
8 11 3 1.5
36 37 1 1.14
38 39 1 1.52
41 43 2 2.31
108 108.8 0.8 1.74
122 123 1 1.43
129 131 2 2
137 138 1 1.42
133 D148 7433.19 6804.671 325.383 226.37 -48 196.5 196.5 196.5 24 25 1 1.08
31 33 2 2.56
49 51 2 6.31
58 59 1 2.97
82 83.5 1.5 1.1
87 88 1 1.68
107 111 4 4.89
113 114 1 2.38
126 127 1 4.74
131 133 2 2.81
140 141 1 2.1
142 143 1 6.85
172 173 1 1.58
175 176 1 1.44
184 186 2 1.8
134 D165 7307.472 6767.727 326.126 226.37 -56 115.8 115.8 115.8 19 20 1 2.63
35 37 2 2.56
60 62 2 3.89
76 76.9 0.9 2.18
82 91 9 10.57
135 D180 7394.257 6710.675 325.558 226.37 -59 268.5 268.5 268.5 1 5 4 3.5
8 9 1 1.89
16 17 1 1.74
25 27 2 1.92
31 33 2 8
46 48 2 1.45
52 52.7 0.7 3.98
55 57 2 1.35
123 124 1 1.35
126 127 1 1.34
132 145 13 3.55
152 153 1 4.55
154 155 1 1.58
156 157 1 1.4
186 187 1 1.81
193 194 1 2.19
203 209 6 4.4
220 221 1 2.1
222 223 1 1.62
226 227 1 2.32
230 231 1 4.2
236 237 1 15.68
239 244 5 3.34
136 D166 7308.235 6768.237 326.6 226.37 -45 100 100 100 33.1 36 2.9 1.35
37.6 39 1.4 1.76
40 41 1 4.2
84 94 10 3.96
137 D163 7433.741 6805.336 325.64 226.37 -17 145.5 145.5 145.5 57 60 3 2.96
77 78 1 1.48
82 83 1 1.76
85 86 1 1.04
97 98 1 2.14
127 128 1 1.24
? HOLE COORDINATES DEPTH GOLD MINERALIZATION_ore intervals
X Y Z AZI DIP drilled core total FROM TO LENGTH AA-AKB LAB, AU, g/t
138 D167 7307.254 6767.616 326.52 226.37 -36 97 97 97 12 13 1 1.38
39 40 1 1.08
79 80 1 1.46
81 82 1 2.54
85 89 4 4.39
139 D168 7339.931 6715.268 326.3 226.37 -25 90 90 90 10 11 1 1.14
29 30 1 1.06
37 38 1 1.02
80 81 1 5.62
85 89 4 3
140 D178 7339.931 6715.268 326.3 226.37 -55 246 246 246 2 3 1 1.15
4 5 1 1.3
56.8 58 1.2 1.59
61.7 63 1.3 1.41
82 83 1 1.18
135 136 1 1.24
137 139.3 2.3 2.31
142 143 1 19.02
164 165 1 2.16
141 D169 7307.302 6767.56 327 226.37 -15 114.5 114.5 114.5 9 10 1 3.64
16 17 1 3.22
29 30 1 1.21
38 39 1 2.61
67 68 1 4.1
69 70 1 1.28
76 86 10 3.69
142 D169A 7307.233 6767.529 327.2 226.37 -5 98.2 98.2 98.2 8 9 1 1.61
35 36 1 13.07
39 40 1 2.29
46 47 1 2.21
76 77 1 1.08
79 80.5 1.5 4.36
89 90 1 1.2
91 92.5 1.5 10.95
143 D179 7340.062 6715.354 326.17 226.37 -71 250.5 250.5 250.5 5 6 1 17.76
65 66 1 6.1
91 92 1 1.26
151 152 1 1.5
153 154 1 1.32
144 D202 7442.288 6784.613 325.022 226.37 -49 190.5 190.5 190.5 0 1 1 1.53
32 33 1 1
71 72 1 1.1
73 74 1 1.9
82 83 1 1.06
91 92 1 1.22
101 102 1 4.6
103 104 1 2.12
153 154 1 1.51
167 168 1 1.54
170 171 1 1.05
145 EXP60 7188.97 6765.16 316.93 87.56 0 18.4 18.4 18.4 0 4 4 2.47
6 14 8 3.15
146 EXP61 7188.07 6763.52 316.31 111.83 0 30 30 30 0 13 13 4.85
23 24 1 3.78
147 EXP62 7187.24 6762.83 316.96 134.67 0 41.5 41.5 41.5 1 15 14 7.11
17 18 1 2.86
26.1 41 14.9 1.82
148 EXP64 7182.65 6765.01 316.85 269.96 0 40 40 40 3 4 1 1.24
16 17 1 1.1
149 EXP68 7188.241 6763.691 316.157 112.88 0 47 47 47 2 24 22 9.23
27 29 2 14.77
32 39 7 3.2
44 45 1 8.21
150 EXP67 7188.797 6765.235 316.187 89.999 0 30.8 30.8 30.8 0 16 16 4.11
18 22 4 1.7
151 EXP-70 7191.053 6780.763 316 86.826 -56 15 15 15 1 2 1 1.84
9.9 12 2.1 1.44
152 EXP-69 7191.053 6780.843 316 86.186 -71 12 12 12 3 4 1 2.52
153 EXP-62 7187.24 6762.83 316.9 134.67 0 39 39 39 1 18 17 6.07
26.1 41 14.9 1.82
154 EXP-66 7188.092 6766.719 316.007 74.685 -40 25 25 25 0 24 24 6.94
155 EXP-59 7191.014 6780.812 316 87.56 0 21 21 21 3 4.5 1.5 1.85
156 EXP-65 7185.974 6780.692 316 268.15 0 15 15 15 -- -- -- --
157 D203 7442.16 6784.527 325.022 226.37 -38 165 165 165 4 6 2 1.86
7 8 1 1.64
9 10 1 1.1
12 13 1 1.08
21 22 1 1
50 51 1 1.06
65 67 2 3.74
114 116 2 3.5
122 124 2 1.56
133 135 2 1.6
142 143 1 1.3
158 D201 7442.379 6784.61 324.961 226.37 -66 312 312 312 1 2.5 1.5 1.78
14 15 1 1.9
37 38 1 1.17
43 45 2 1.31
47 48 1 1.2
49 51 2 1.62
53 55 2 1.09
62 63 1 5.74
67 68 1 1.37
68 70 2 1.04
78 79 1 1.89
88.3 90 1.7 3
92 99 7 2.25
111 112 1 1.38
169 170 1 1.61
240 241 1 2.1
268 269 1 1.81
309 310 1 1.4
159 D200 7442.607 6784.816 324.817 226.37 -67 181.5 181.5 181.5 26 27 1 1.69
37 38 1 1.56
40 41 1 1.8
42 43 1 3.63
65 66 1 2.24
75 76 1 1.02
77 78 1 2.06
84 85 1 4.14
95 96 1 1.72
102 103 1 1.02
111 112 1 1.06
118 119 1 1.08
125 126 1 3.88
151 152 1 1
159 160 1 8.54
162 163 1 1.34
160 D204 7442.261 6784.521 325.736 226.37 -22 145.5 145.5 145.5 7 9 2 1.88
16 20 4 2.54
23 24 1 2.9
53.9 56 2.1 3.44
66 67 1 2.25
71 73 2 52.52
74 76 2 1.09
86 89 3 2.48
92.1 94 1.9 2.02
104 105 1 1.16
118 119 1 4.04
124 125 1 2.73
128 130 2 1.46
131 132.5 1.5 1.62
161 D205 7442.333 6784.57 325.97 226.37 -10 144 144 144 2 3 1 2.32
9 10 1 1.06
20 22 2 1.73
40 42 2 1.83
53 54 1 1.34
58 59 1 6.82
74 75 1 1.12
76 78 2 2.02
94 95 1 2.1
97 98 1 1.74
101 102 1 11.32
106 107 1 2.76
114 116 2 4.79
130 131 1 1.02
162 D192 7291.472 6807.5 325.608 226.37 -67 145.5 145.5 145.5 56 57 1 1.86
109 110 1 2
117 124 7 5.47
128 133.5 5.5 3.48
141 142 1 1.38
163 D193 7291.375 6807.391 325.75 226.37 -57 130.5 130.5 130.5 1 2 1 1.34
27 28 1 1.94
79 80.2 1.2 1.07
111 118 7 4.34
164 D194 7291.32 6807.343 325.941 226.37 -47 129 129 129 43 44 1 1.34
96 102 6 4.45
107 110 3 3.48
113 114 1 4.42
165 D195 7291.265 6807.386 326.188 226.37 -36 126 126 126 96 97 1 1.06
98.7 104.8 6.1 3.83
112 113 1 2.14
124 125 1 1.2
166 D196 7291.214 6807.364 326.381 226.37 -25 120 120 120 38 39 1 2.86
94 96 2 2.16
98.3 106 7.7 5.22
167 D197 7291.229 6807.377 326.571 226.37 -16 122 122 122 62 65.1 3.1 5.94
99 100 1 3.32
101 101.7 0.7 1.63
105.4 115 9.6 3.92
168 D198 7291.244 6807.391 326.605 226.37 -49 120 120 120 8 9 1 1.09
25 26 1 1.35
31.5 32.5 1 3.15
37.3 42 4.7 4.27
46 50 4 4.67
73 74 1 1
83 84 1 1.36
91 92 1 3.82
95 111 16 8
115 116 1 1.06
169 D209 7353.452 6700.808 327.05 226.37 -32 186 186 186 3 8 5 2.24
29 31 2 1.57
135 143 8 4.16
172 D-147 7343.071 6716.642 326 226.37 -48 244.5 244.5 244.5 5 6 1 52.8
36 37 1 2.77
43 44 1 1.51
61 62 1 1.5
95 96 1 2.78
138 151 13 2.6
156 157 1 7.87
158 159 1 1.54
160 161 1 1.32
177 181 4 1.58
184 186 2 4.36

Qualified Person: Information in this report relating to the diamond drilling results is based on data reviewed by Timothy Daffern, BEng, MBA, FIMMM, FAusIMM, MCIM, CEng, Chartered Mining Engineer, Managing Director of Hambledon Mining plc. Timothy Daffern has in excess of 24 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

SP Angel Corporate Finance LLP (NOMAD AND BROKER):Telephone +44 (0)203 463 2260Ewan Leggat/Katy Birkin

Copyright Business Wire 2012

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