TORONTO, Jan. 12 /CNW/ - Mantis Mineral Corp ('Mantis'--CNSX 'MYN') is
pleased to announce that the compilation of assay data results from its Cree
Lake gold property reflects a consistent, high grade vein hosted within an
envelope of gold bearing sheared volcanics over a 2-meter width and 80-meter
The Flint Rock Occurrence was exposed by a trench-strip area averaging
20-meters in width along a 100-meter length. Within this area, the main zone
was exposed for an 80-meter strike length and averaged 2-meters in width. The
zone remains open both at the east and west end, the east extension plunging
into heavier overburden while the west end strikes beneath the waters of Cree
Gold grades weighted over 1.52-meters (5-feet) representing a contained
length within the width of the 2-meter zone along its 80-meter strike length
are summarized below. Background gold grade was derived from 12-channel cuts,
of a composite of four 50-centimeter long samples forming a 2-meter long
sample across the main volcanic zone, and averaged 1.0 grams per tonne.
Sample No Au ppm Au opt Au ppm Au opt
20-cm 20-cm 1.52-meters 1.52-meters
C174482 196.000 5.715 26.641 0.777
C174483 103.500 3.018 14.469 0.422
C174217 83.700 2.441 11.864 0.346
C174213 61.100 1.782 8.734 0.255
C174212 51.700 1.508 7.654 0.223
C174263 50.100 1.461 7.443 0.217
C174470 48.360 1.410 7.219 0.211
C174222 45.600 1.330 6.851 0.200
C174264 41.000 1.196 6.246 0.182
C174490 36.700 1.070 5.680 0.166
C165601 19.200 0.560 3.377 0.098
C174255 19.035 0.555 12.862 0.375
Not included in the weighted average of the zone width are chip samples
from the vein. They are tabled below; arranged vertically from west to east,
with C174225 located at the extreme west end of the trench, sample C174268
located at the extreme east end of the trench, and the intervening samples
located in-between along the vein's 80-meters exposed length. These samples
were collected in many places where saw-cut extracting was impossible.
Significantly, these samples taken intermittently along the length of the
vein, some in proximity to the channel cuts, support the high grade nature of
the vein along its entire length.
Sample Au Sample Au Sample Au
ID opt ID opt ID opt
C174225 1.148 C174203 1.840 C174296 8.77
C174243 1.318 C174206 0.391 C174295 0.758
C174484 0.346 C165601 0.560 C174401 5.016
C174232 2.651 C174480 4.403 C174261 0.997
C174231 2.021 C174481 6.678 C174265 1.825
C174227 1.053 C174500 0.589 C174262 0.255
C174214 5.686 C174494 0.764 C174269 0.189
C174215 5.365 C174223 4.068 C174268 37.908
C174250 0.459 C174295 0.758
C165604 1.394 C174499 1.105
Mantis is very pleased with these results which will serve as a
foundation from which to launch its future plans for the Cree Lake property.
The plans include an extensive geological compilation, drill program and
spring prospecting-mapping and trenching programs.
Commented Robin Ross, CEO; "The project is extremely exciting given that
at the very early stage of exploration we have certainly established the gold
continuity and grade of the vein at surface. The property may ultimately prove
to host a much larger gold system and if these grades persist, a major
discovery is in the making. Further work will be undertaken to evaluate its
full potential. With our additional claims to the west, the potential strike
length now exceeds 3,000-meters. Previous drilling by Flint Rock Mines in the
winter of 1962-63 indicated 12 to 18 inch wide high-grade sections in drill
cores with gold values ranging from 0.40 to 20.7 ounces per ton, and silver
values from 0.32 to 4.54 ounces per ton. Our upcoming plans include increasing
the strike length, verifying historical drill results and establishing
mineable widths at depth. "
The Cree Lake gold property is situated in the Swayze portion of the
Abitibi greenstone belt 5,000-meters south of the former producing Kenty Gold
Mine. At the Kenty deposit coarse visible gold occurred in a network of sub
parallel quartz veins, collectively attaining widths of 3.5-meters.
While the historical assays reported do not conform to National
Instrument 43-101 they are generally considered reliable according to local
This news release has been viewed and approved by Walter Hanych, senior
geologist and project manager, who is responsible for program design and
quality control of exploration undertaken by the Company. All samples were
analyzed by ALS Chemex.
About Mantis Mineral Corp.
Mantis Mineral Corp. is a dynamic new Canadian based resource company,
possessing a diversified portfolio of mineral properties across Canada,
including direct participation in three major area plays: Tamarack, Orphan and
Grass River. The company holds substantial land positions hosting gold,
nickel, copper and platinum group metals.
The CNSX 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,