TORONTO, Jan. 18 /CNW/ - Mantis Mineral Corp (CNSX: MYN) ("Mantis") is pleased to announce that a second phase diamond drilling
program has commenced on its Cree Lake Project, currently under option
to Probe Mines Limited (TSX-V: PRB) ("Probe") who is also the operator.
The drill program is designed to follow up on results from a summer
drill program that returned numerous, zones of gold mineralization
including a five (5) metre section grading 2.3 g/t Au and individual
assays of up to 8 g/t Au. The property is also host to a thick (15.5
metre), near surface, gold zone averaging 2.05 g/t Au discovered by
Mantis in 2009 and the historical Flintrock showing, where one hole
from the summer program intersected 24 g/t Au over one metre.
The program will comprise a minimum of five holes to test for a possible
northwesterly dip of the thick, lower grade gold mineralized horizon
discovered by Mantis. In addition, the program will target the
potential northeast extension of the gold discovery, an area that has
not been previously tested by drilling. Marathon Drilling of Ottawa is
providing the drilling services for this program.
Probe is currently earning up to a 70% interest in the Cree Lake
property from Mantis. The Mantis occurrence represents a new gold
discovery in the Swayze Belt represented by a quartz stockwork system
carrying significant gold values along substantial drill hole widths.
The zone comes to surface and represents excellent open-pit potential
for a gold deposit of the high tonnage, low-grade type. The property is
situated along the Ridout deformation zone, a 130-kilometer long
structure that hosts past producers such as the Jerome, Tyrranite and
Kenty Mines, as well as numerous gold showings. The area has received
recent attention with the identification of thick intervals of gold
mineralization by Trelawney Mining on its Chester Gold Project, located
approximately 60 kilometres southeast along strike in the Swayze Belt.
David Palmer, Ph.D., P.Geo., is the qualified person for all technical
information in this release.
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
The CNSX has not reviewed and does not accept responsibility for the
adequacy of this release.
SOURCE Mantis Mineral Corp.
For further information:
Mr. Robin Ross, Chairman & CEO: (416) 362-1800, email@example.com, or visit our corporate website at www.mantismineralcorp.com