TORONTO, Jan. 7 /CNW/ - Mantis Mineral Corp ('Mantis'--CNQ 'MINE') is
extremely pleased to announce that it has confirmed that the Foisey vein
system, a possible extension of the Orphan vein, has returned assay results
from its recently completed shallow channel sampling program, that indicate a
continuous gold bearing system of over 1-kilometer. Every channel sample
contained gold. Assays returned anomalous gold values greater than 0.5 grams
per tonne, with values as high as 12.75 grams per tonne (0.369 ounces per ton)
considered significant in this environment.
Immediate plans are to undertake an Induced Polarization geophysical
survey over the entire property to assist with delineating a link between the
Orphan vein and the Foisey system. This survey will commence upon completion
of a winter grid extending over a small body of water that lies between the
two vein systems. Based on geological interpretation, it is believed the two
systems are linked which would extend the total strike length of these gold
zones to over 2.5-kilometers. The survey will also have the potential of
defining additional sub-parallel veins that have not as yet been identified,
exemplified by the discovery of the Aker and New veins. Pursuant to the
geophysical survey, Mantis plans an aggressive drill and trenching program
scheduled for early spring.
Commented Walter Hanych, Senior Project Geologist; "This is very early in
our exploration program and these results are exceptionally encouraging. Every
channel cut had anomalous gold and silver values. All samples were from
shallow two inch channel cuts and although they are representative of bedrock,
weathered material was included, suggesting that better grades may be expected
from coring. The Foisey geological setting is comparable to if not similar to
the gold mineralization at Kodiak Exploration Ltd's Golden Mile, Hercules
project located 9.5-kilometers directly to the west where extremely high gold
values over extensive widths have been recently reported. In a very short
period of time, Mantis has confirmed the gold potential of the Foisey system,
which effectively triples the size of the original Orphan Vein system. Once
linked, these two systems together with the potential for additional parallel
vein systems, strengthens our confidence that the Orphan Gold Mine taken as a
whole has a tremendously strong probability to host a significant gold
The significance of Mantis's findings to date lies in the nature of the
mineralization within the local geological environment. At the Red Lake,
Kirkland Lake and Beardmore-Geraldton gold camps, similar surface quartz vein
structures in terms of width and grade to those identified to date at Foisey,
have been found to extend to depths of up to two kilometers and to contain
economic mineral resources. Historical results from a 7,000-foot diamond drill
program on Orphan announced December 5, 2007, confirm that gold mineralization
that has been exposed on surface continues to depth, down to the 675-foot
vertical depth. Mantis will test the structure along strike as well as down
dip to levels beyond the 675-foot depth.
Commented Robin Ross, CEO, "Although we just barely scratched the surface
of the veins on these sites, our initial program has escalated the
significance of the gold mineralization to warrant extensive follow-up work.
With these results and similar results by our neighbor Kodiak Explorations
Inc., we are now even more confident and certainly eager to immediately begin
our 2008 work program including an extensive diamond drill program which we
anticipate will up-grade the Orphan Mine to a gold project of great
Walter Hanych is the qualified person for all technical information in
this release. All samples underwent analysis and assays at ALS Chemex
Laboratory in Vancouver, B.C.
About Mantis Mineral Corp.
Mantis Mineral Corp. is a Canadian based resource and exploration company
traded publicly under the symbol MINE on the CNQ. Mantis is focused on
creating shareholder value through the exploration and development of its
suite of strategically located, high-impact Canadian exploration projects.
The CNQ 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,
firstname.lastname@example.org, or visit our corporate website at