Mantis completes 953-meter drill program at its Cree Lake Gold Property. Awaits assays.



    TORONTO, Aug. 6 /CNW/ - Mantis Mineral Corp ('Mantis'-CNSX 'MYN') is
pleased to announce completion of a 953-meter NQ drill program on its 100%
owned Cree Lake gold property where recent trenching and sampling (including
15 to 50cm spot channel sampling and vertical 28-cm long vertical core-plugs
of the Flint Rock occurrence yielded gold values as high as 1,300 gpt (37.91
opt.). High grade gold values (greater than 1.0 opt gold) have been reported
from 30 of the 122-samples. Of the 30-samples, 8 yielded assay results greater
than 4.0 opt,5 yielded an assay result greater then 2.0 opt while the
remainder (17) were over 1.0 opt gold. The highest grade sample yielded 37.91
opt gold from mineralized quartz-carbonate vein material containing native
gold, pyrite and galena. The drill program commenced on July 6th and was
completed on July 30th. As of August 1st all of the core samples have been
submitted to ALS Chemex for analysis.
    A total of seven holes were completed, five of the holes tested the
immediate vicinity of the Flint Rock occurrence within a 150-meter strike
length. Two holes were drilled beyond this area extending the targeted strike
length effectively to 275-meters.
    CL09-2 and CL09-5 tested the down dip projection of the vein-structure
which on surface carried high grade gold values as above. CL09-2 intersected
the zone at a 43-meter vertical depth and encountered a 4.5-meter fault zone
hosting several quartz veins containing up to 7% pyrite. CL09-5 drilled along
the same section but targeted the vein structure at a 100-meter vertical
depth. This hole intersected three zones: an upper 10-meter intersection
exhibits silicification, multiple quartz veining with variable pyrite content;
a middle section that contains multi-phase quartz veining with variable pyrite
and chalcopyrite; and a lower 6-meter intersection containing multi-phase
carbonate-quartz veins with variable pyrite content.
    Significantly, CL09-6 and 7 were collared 150-meters east of the Flint
Rock occurrence and hole CL09-6 intersected veining visually displaying the
same traits as the high grade vein 150-meters west. The veining was
intersected at 18.5 and 19.8-meters. Pyrite, chalcopyrite and galena were
observed which correlate with the high grade surface gold values. Further down
the hole at 48-meters, a 3-meter intercept hosts quartz-carbonate veining and
silicification with variable pyrite and galena. Other significant intercepts
were from 52.85-56.55-meters and 128.07-130.5-meters. CL09-7 undercut hole
CL09-6 and intersected a zone from 60.08-71.8-meters of mult-phase quartz
carbonate veining and late stockworks veining.
    Correlation of all intercepts is pending data compilation and analytical
results. In general, visually, the core displays many of the same traits as
the high grade Flint Rock vein on surface. Deformation and veining occur along
flow horizons and lithologic contacts. Some of the mineralized quartz veins
and silicification halos contain 3-20% pyrite, chalcopyrite and galena within
broader meter-scale zones of late carbonate stockworks.
    All of the cores were split in half, not exceeding 1-meter sample
lengths, respecting lithologies and vein styles. The collected samples were
sent to ALS Chemex prep lab in Sudbury. Assay results for these samples are
pending. Mantis expects to have all the results by mid September.
    A follow-up stripping program in the vicinity of the two most easterly
drill holes is being contemplated, pending assay results. A quartz vein,
characteristic of the high grade Flint Rock vein sampled last fall was
intersected at a shallow depth in one of the eastern holes. This vein should
project to sub-crop, where stripping is viable allowing to geologically
establish its relationship with the high grade vein situated 150-meters west.
    Commented Robin Ross, CEO: "The visual results are encouraging as the
veins occur in clusters at depth. Should they contain sufficient grades to
form a semi-continuous zone at meter width we could be onto something truly
significant. Just as significant are our recent compilation of historical
results which have indicated a remarkable number of high grade gold values
both at surface and at depth reported by various past operators. This initial
drill program should provide a meaningful interpretation of the gold bearing
potential of the system."
    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.

    About Mantis Mineral Corp.

    Mantis Mineral Corp. is a Canadian based resource and exploration company
traded publicly under the symbol MYN on the CNSX. Mantis is focused on
creating shareholder value through the exploration and development of its
suite of strategically located, high-impact Canadian exploration projects.

    
    The CNSX 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,
rross@mantismineralcorp.com, or visit our corporate website at
www.mantismineralcorp.com

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