TORONTO, Feb. 5 /CNW/ - Mantis Mineral Corp ('Mantis' - CNQ 'MINE') is
pleased to announce the results of an on-going compilation of its Cree Lake
gold property situated in the Swayze portion of the Abitibi greenstone belt
5,000-meters south of the former producing Kenty Gold Mine.
The Cree Lake gold property hosts numerous gold showings including the
Flint Rock occurrence, which has yielded gold values of up to 20.7 ounces per
ton. At this occurrence, grab samples from a 100-meter zone that was trenched
in the past consistently returned high gold values. In 1961 D.C. McKechnie
(Mining Engineer) sampled quartz vein material from the trenches that returned
values ranging from 1.36 to 4.08 ounces per ton. In 1990 MPH Consulting Ltd.
sampled the trenches and reported values of up to 3.54 ounces per ton gold.
A shallow, 34-hole diamond drill program in the early 1960's, by Flint
Rock Mines Limited, of this occurrence intersected gold values ranging from
0.40 to 20.7 ounces per ton.
Prior to Mantis Mineral Corp acquiring the property in 2006, CCIC
Consulting of Sudbury sampled the trenches and reported from 10-samples gold
values ranging from 0.17 to 2.83 ounces per ton, averaging 1.14 ounces per
ton. The samples were taken to 43-101 specifications.
At the Kenty deposit coarse visible gold occurred in a network of
subparallel quartz veins, collectively attaining widths of 10-feet. Very high
concentrations of free gold have been reported from this property. The Kenty
gold mine was in operation between 1931 to 1934. In this period two shafts
(510-feet deep and 534-feet deep) were sunk and 6,750-feet of lateral working
was completed. These workings were established to mine the No. 1 vein which
reportedly averaged 0.39 ounces per ton gold, and was 50-feet long, and the
No. 2 vein which reportedly averaged 0.69 ounces per ton, and was 75-feet
long. In 1948 the Financial Post reported reserves of 69,000 tons in the No. 1
shaft area and 290,000 tons in the No. 2 shaft area.
Two thousand meters to the southeast, in another zone, gold distribution
is related to the contact area of a felsic intrusive body. Interestingly, this
intrusive is described as a multi-phase quartz-eye feldspar porphyry hosting a
late network of stockworks quartz veins that have returned highly anomalous
gold values. A pyrite iron formation north of the intrusive was noted to
contain molybdenite, galena, chalcopyrite and sphlalerite (molybdenum, lead,
copper and zinc) mineralization. These types of sulphides typically are
associated with gold mineralization.
The Cree Lake gold property hosts significant gold mineralization in
complex geological environments exhibiting structural deformation, alteration,
mineralization styles, and intrusive events that commonly occur in major gold
Commented Robin Ross, CEO, "Our on-going compilation study is proving to
be quite fascinating as we begin to unlock the potential value of the Cree
Lake gold property. As with all of our exciting projects, Cree Lake is
potentially a company maker and as such we are currently planning a follow-up
program of ground geophysics, sampling and stripping."
While the assays herein reported are of a historical nature and do not
conform to National Instrument 43-101 they are generally considered reliable
according to local industry standards.
Walter Hanych is the qualified person for all technical information in
About Mantis Mineral Corp.
Mantis Mineral Corp. is a Canadian based resource and exploration company
traded publicly under the symbol MINE on the CNQ. Mantis is focused on
creating shareholder value through the exploration and development of its
suite of strategically located, high-impact Canadian exploration projects.
The CNQ has not reviewed and does not accept responsibility for the
adequacy of this release.
For further information:
For further information: Mr. Robin Ross, Chairman & CEO: (416) 362-1800,
email@example.com, or visit our corporate website at