VANCOUVER, Jan. 9 /CNW Telbec/ - Amanta Resources Ltd. TSX-V: AMH
(Amanta) is pleased to report that it has now completed a reconnaissance
drilling programme at the Company's Mae Lama tungsten property. 18 core drill
holes were completed, for a total drilled depth of 2,958 metres.
Mae Lama is the site of a significant former tungsten mine, which
produced a tungsten concentrate from a high grade wolframite deposit within a
quartz vein system. The reported head grade for the former operation was
2.0% WO3 and production ceased in the mid-1980s, following the collapse of
world tungsten prices.
The reconnaissance drilling programme was intended to test the accuracy
of the reported grade and also examine the prospects for additional
assemblages of tungsten bearing veins throughout the project area.
Assay results have now been received for six of the drill holes. Three of
these have tested the lateral and depth extensions of the former production
vein (the Mae Lama vein), while the other three explored an area to the south
of the former mine and intersected a number of narrow, mineralised veins. The
balance of the reconnaissance drill holes, for which results are expected
shortly, explored additional vein systems which have been identified
throughout the property.
The Mae Lama vein dips steeply to the south and each of the three drill
holes which intersected it had visible wolframite crystals in the drill core.
The significant vein intercepts were reported as follows:
Hole No. MLM 4: inclination 90 degrees, vein intercept
from 55.0 - 56.0 metres,
Assay grade 1.4% WO3.
Hole No. MLM 5: inclination 80 degrees, vein intercept
from 215.4 - 216.0 metres,
Assay grade 0.4% WO3.
Hole No. MLM 6: inclination 90 degrees, vein intercept
from 194.0 - 195.0 metres.
Assay grade 1.2% WO3.
Holes MLM 5 and MLM 6 intersected the vein some 100 m below the lowest of
the former working levels, thus demonstrating that the Mae Lama vein contains
significant tungsten mineralisation to a depth of at least 200 m below the
surface. The vein appears to have a varying width of up to about 1.5 metres
and can be traced along its trend for over 700 metres.
Also, having now gained access to some of the old production openings,
the Company's geologists have observed high grade mineralisation in situ and
based on photographic evidence and the observed wolframite crystals in the
drill core, the Mae Lama tungsten deposits are now seen to be classic
"high-grade narrow vein" deposits, with the tungsten mineralisation
(wolframite) occurring as discrete high grade mineralised areas within the
quartz matrix of the vein.
Amanta feels that core drilling is valuable in establishing possible
tonnage and demonstrating the overall extent of the mineralisation of the
Mae Lama tungsten deposit, but that channel and bulk sampling of the vein will
offer a more accurate method of establishing average grades for the deposit,
as core drilling can tend to over or under estimate grades in such high grade
Accordingly, Amanta engaged Drill Corp Philippines, Inc., a mining
consultant, to advise on the stability of the existing adits at the property
and propose a rehabilitation plan to provide safe working conditions to permit
channel and bulk samples to be taken from the former production vein (the Mae
Lama vein). This report has now been received by the Company and is under
The establishment of the average grade for the Mae Lama vein is one of
Amanta's primary objectives as the Company evaluates the opportunities for the
early resumption of mining operations at the property. The assay results
reported for the drill holes which intersected the vein give the company
confidence that the reported former production grade is realistic and can be
confirmed as further sampling work is completed.
Gerald Wright, President and CEO, commented that Amanta was very pleased
with the progress of the Mae Lama project, one of three former tungsten mines
in which Amanta holds 100% interests. "For such high grade tungsten deposits,
a relatively modest tonnage can be the basis for a very profitable mining
operation. Our objective is to develop a resource of up to one million tonnes,
at grades of up to 2% WO3 and we feel that there is sufficient tonnage
contained within the Mae Lama vein system to reach this target. We are
confident, having inspected the drill core, that the pending results for drill
holes to the southwest of the Mae Lama vein will demonstrate additional
resource potential for the project".
Sample preparation and assays were carried out at the MAS laboratory in
Bangkok where the pulverized samples are digested with a strong three acid
attack and analyzed by ICP methods.
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, email@example.com,
www.amantaresources.com; Renmark Financial Communications Inc., Barry Mire,
firstname.lastname@example.org; Neil Murray-Lyon,
email@example.com, (514) 939-3989, Fax: (514) 939-3717,