Mantis Commences Drilling at Rottenstone



    TORONTO, Oct. 8 /CNW/ - Mantis Mineral Corp. ("Mantis" - CNQ "MYN") is
extremely pleased to announce that a diamond drill program has commenced at
its Rottenstone Nickel-Copper-Platinum Group Elements project. Crews have been
dispatched to the base of operations at Missinipe, Saskatchewan and the
construction of drill pads in the field has begun. Actual coring should
commence on the 10th of October.
    1200 to 1500-meters of drilling are planned to test high priority targets
selected from a recently completed airborne geophysical survey (VTEM survey),
which was flown over the entire 13,364-hectare property. This phase of
drilling will focus on some of the high priority land accessible targets.
Targeted conductors include some beyond the main Rottenstone deposit as well
as conductors in the vicinity of the deposit. The latter will test for a
possible feeder or conduit system and underlying magma chamber that may have
supplied the high-grade mineralization that was mined at the site of the open
pit at the Rottenstone deposit.
    Numerous targets situated under water or in swampy ground remain to be
tested during a winter program, when freeze-up conditions allow drilling in
this terrain.
    The Rottenstone deposit which originally had a delineated reserve
reported at 50,000-60,000 tons grading 2% nickel, 2% copper, 0.22 opt platinum
and 0.15 opt palladium was mined between 1965 to 1968. Approximately,
28,724 tons of ore was extracted during this period. The mined ore produced a
5,564 ton concentrate that graded 10.36% Ni, 5.74% Cu, 0.10 opt Au, 0.53 opt
Ag, 0.33 opt Pt and 0.53 opt Pd. In this respect, the Rottenstone deposit is
very unique. The contained precious metals of the Rottenstone ore, exceeds
many of the ores from world-class PGE deposits.
    Dr. Larry Hulbert former geologist with the Geological Survey of Canada,
an acknowledged expert on magmatic nickel-copper-platinum group elements
deposits, and very familiar with the geology of the Rottenstone area has been
retained to spearhead the program, while Caracle Creek International
Consultants Ltd. (CCIC) will perform the quality assurance / quality control
(QA/QC) aspect of the program. The program is expected to last three weeks.

    Cautionary note:
    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.

    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 CNQ has not reviewed and does not accept responsibility for the
    adequacy of this release.
    

    %SEDAR: 00008151E




For further information:

For further information: Mr. Robin Ross, Chairman & CEO, (416) 362-1800,
pr@mantismineralcorp.com

Organization Profile

Mantis Mineral Corp.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890