Mantis drills 2.053 gpt over 15.5-meters including high grade intercept and announces discovery of a significant stockwork gold system at Cree Lake



    TORONTO, Sept. 9 /CNW/ - Mantis Mineral Corp ('Mantis'-CNSX 'MYN') is
pleased to announce the discovery of an incipient quartz stockwork system
carrying significant gold values along substantial drill hole widths. The new
discovery is located 150-meters northeast of the Main Trench and intersected
the gold bearing zone at very shallow depths.
    Assay results within the gold bearing zone in drill hole CL09-6 have
returned a weighted average result of 2.053 gpt along a 15.5-meter cored
interval. The intersection occurs from 5.5-meters to 21.0-meters which
includes a high grade assay of 11.55 gpt. The centre of the zone lies at an
estimated vertical depth of 7.6-meters. The table below provides a summary of
the drill intercepts, highlighting significant assay intervals included in the
15.5-meters.

    
         ------------------------------------------------------------
                                  To                         Grade
         From meters            meters     Drill width    grams/tonne
         ------------------------------------------------------------
                5.50             21.00         15.5          2.053
         ------------------------------------------------------------
                                     INCLUDES
         ------------------------------------------------------------
                5.50              9.50          4.0           2.82
         ------------------------------------------------------------
               12.33             13.30         0.97           3.32
         ------------------------------------------------------------
               15.30             16.30         1.00           1.17
         ------------------------------------------------------------
               18.00             20.00        2.0(*)          7.57
         ------------------------------------------------------------
         (*) Includes 19.20      20.00         0.80          11.55
         ------------------------------------------------------------
    

    Holes CL09-7 drilled on section with CL09-6, but collared 20-meters
north, intersected the zone at a vertical depth of 15.5-meters. A 14-meter
interval which correlates with the zone intersected in CL09-6, returned the
following significant assay results; 1.42 gpt over 1.0-m, 1.29 gpt over 1.0-m,
0.832 gpt over 1.0-m, 0.678 gpt over 0.8-m, and 0.615 over 1.0-m. The
intersection demonstrates the continuity of the zone at shallow depths leaving
the discovery open at depth and along strike.
    Five holes drilled under the high grade Main Trench where recent channel
cut samples returned assays in excess of 38 ounces per ton, intersected the
main shear of the Flint Rock structure at 30-meters and 60-meters vertical
depths. Anomalous gold values were encountered.
    This new discovery significantly increases the gold mineralization
potential of the Cree Lake property. The system hosts gold grades not unlike
those initially encountered at West Timmins Mining Inc.'s and Lakeshore Gold
Corp's Thunder Creek property, where initial intercepts graded 0.82 gpt over
25.6-meters. The spatial association of producing gold mines and gold
mineralization with regional breaks or faults is well established in the gold
camps of Ontario. For example, the Destor-Porcupine fault associated with the
Timmins camp, the Kirkland Lake-Larder Lake break associated with the Kirkland
Lake camp and the Ridout deformation zone associated with the Swayze area. The
Ridout deformation zone, a 130-kilometer long structure with which the Cree
Lake fault is associated, hosts past producers such as the Jerome Mine,
Tyrranite mine, Kenty Mine as well as numerous gold showings.
    Unlike high grade showings associated with narrow leader veins in
shear-fault zones, which also exist on Mantis' Cree Lake property and
throughout the Swayze belt, stockworks mineralized systems potentially form
larger deposits and targets. This new discovery, of a vein system with an
incipient stockwork network carrying disseminated pyrite provides a larger
mass for geophysical tracing and is more amenable to definition drilling as
well. An image log of drill hole CL09-6 and assay intervals is available for
viewing on Mantis' website at www.mantismineralcorp.com.
    Mantis is preparing to mobilize a crew immediately to begin trenching
nearby outcrop in order to help discern the orientation and magnitude of the
system. Upon completion of this phase over the next couple of weeks, an
extended drill program is anticipated.
    Commented Robin Ross, CEO: "This is an incredible discovery for Mantis,
although one hole does not make a mine, the wide intercepts encountered near
surface coupled with the style of mineralization are all hallmarks of large
gold systems. This new gold discovery comes at a very opportune time for
Mantis' shareholders, a time when gold prices and gold investment interest are
at historic highs. We plan on conducting an aggressive exploration program at
Cree Lake this fall and through the winter to define the potential of this
discovery."
    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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