TSX Venture Exchange: AMH
VANCOUVER, Dec. 27 /CNW Telbec/ - Amanta Resources Ltd. TSX-V: AMH
(Amanta) is pleased to report that the Department of Primary Industry and
Mining (DPIM), Thailand, has granted the Company a Special Prospecting Licence
(SPL), covering an area of approx. 14 km2, at Mae Chedi, a former high grade
tungsten mine in the province of Chiang Rai. The SPL is valid for a period of
5 years and gives Amanta the exclusive right to apply for a Mining Licence.
With the issue of this SPL, Amanta has now acquired 100% interests in
three former tungsten mines, Mae Chedi, Mae Lama and Doi Ngom. These
properties hosted some of Thailand's more prolific, high grade tungsten mines
prior to the collapse of world tungsten prices in the mid-1980s, which forced
the closure of many of the world's tungsten producers.
The Mae Chedi property is located northeast of Chiang Mai, close to the
main highway connecting Chiang Mai with Chiang Rai. A tungsten ore
(scheelite), associated with cassiterite (tin) occurs in quartz veins and
stockworks in granitic rocks and in the contact zone between these and
carboniferous mafic intrusives. The ore is also disseminated in both the
granites and mafic intrusives.
The Mae Chedi mine operated as a 'gravel pump' (hydraulic) mine during
the 1970s, producing a tungsten/tin concentrate. Contrary to common practice
during these years, the mine owners completed a rock sampling survey over much
of the mine area. The results of this survey indicated an extended anomalous
zone covering up to 30 hectares, over which combined tungsten/tin values of
0.3% were measured.
Amanta has initiated a rock and soil sampling programme (on a 500m x 500m
grid) to confirm these anomalous values. Early results have shown large areas
underlain by rocks with anomalous tungsten and tin values, including a very
extensive area anomalous in tin (with assay values of up to 1.5% tin) and a
smaller anomalous tungsten area with assay values of up to 7% WO3. Further
detailed work will be required to define any mineable resource and Amanta
proposes to commence extensive exploration activities, including an initial
drilling programme, early in 2008.
Recent exploration results from Mae Lama and Doi Ngom have also been very
encouraging and Amanta is currently evaluating the economic potential of each
of these properties. At Doi Ngom, a breccia-hosted ferberite deposit, shallow
reconnaissance drilling has yielded tungsten grades of up to 1.8% WO3, over a
one metre intercept, in one drill hole and a number of lower grade
intersections of up to 10 metres in other holes.
At Mae Lama, a quartz vein wolframite deposit, the drilling of three
cored holes into the former production vein (the Mae Lama vein) has confirmed
tungsten mineralisation to a depth of at least 200 metres within the vein.
Assay results for these drill holes are expected shortly.
Each of Amanta's tungsten properties is located in northern Thailand, in
close proximity to each other and to Thailand's second largest city, Chiang
Mai. During 2008, Amanta proposes to fully evaluate the potential for the
early resumption of tungsten production from one or more of the properties.
Geological Information contained within this report has been verified by
Pieter Bakker (Director, Executive VP - Amanta Resources Ltd.). Mr. Bakker
satisfies the requirements of a Qualified Person as defined in the National
Instrument 43-101 (Standards of Disclosure for Mineral Projects).
Amanta Resources Ltd. is focused on mineral exploration, development and
production in Thailand and the Southeast Asian region. The Company
concentrates on the systematic evaluation of known mineral occurrences, rather
than "greenfields" exploration, creating early opportunities to finance and
ON BEHALF OF THE BOARD OF
"Gerald D. Wright"
Gerald D. Wright,
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this News Release.
For further information:
For further information: Amanta Resources Ltd.: Patrick Cauley, Vice
President & CFO, (604) 730-9505, Fax: (604) 648-8096,
firstname.lastname@example.org, www.amantaresources.com; Renmark Financial
Communications Inc.: Barry Mire: email@example.com; Neil Murray-Lyon:
firstname.lastname@example.org; (514) 939-3989, Fax: (514) 939-3717,