TORONTO, Jan. 16 /CNW/ - Mantis Mineral Corp ('Mantis'--CNQ 'MINE') is
pleased to announce the results of an MMI survey (Mobile Metal Ion High
Resolution Soil Geochemical Survey) conducted on its 100% owned Oke property.
The Oke property is located 70-kilometers northwest of Timmins and lies within
the Abitibi Greenstone Belt.
The survey was conducted over the entire property along a grid that
generated 93-samples. From these samples a background level was established
for various elements and from which a response ratio was calculated. At the
west end of the property the most westerly sampling line returned highly
anomalous nickel response ratios of 12.3, 13.1 and 13.7 along a continuous
sampling string. Along the same line the copper response ratios returned
values of 6.8 and 9.3. The next line 200-meters to the east returned zinc
response ratios ranging from 8.2 to 15.6 and lead response ratios ranging from
25.5 to 52.4. Response ratios above five are considered significantly
The geological environments targeted on this property are ultramafic flow
nickel-copper and volcanic massive sulphide deposits as evidenced by the
Ontario Geological Survey interpreted maps of the area that indicate
ultramafic rocks to north and volcanic rocks within the property area itself.
The closest significant volcanic massive sulphide deposit to the property is
the world renowned giant Kidd Creek deposit, that contained 147 million tonnes
of ore grading 2.3% copper and 6.2% zinc and 87 grams per tonne silver, which
is located 50-kilometers to the southeast.
Mantis is excited by these findings as the MMI technique has been shown
to accurately locate buried mineral targets.
This property has had previous limited exploration work performed on it
including magnetic and electromagnetic surveys. A ground magnetometer survey
in 2001 confirmed the existence of several magnetic highs. Regional airborne
electromagnetic surveys indicate the presence of conductors within the
property. A 43-101 compliant report recommends ground geophysical surveying
and follow-up drilling.
Mantis is planning to conduct a VTEM geophysical (high resolution, deep
penetrating electro-magnetic) survey over the property focused on the area
containing the coincident geochemical and magnetic anomalies. This program
will be followed by a diamond drilling program to test the anomalies.
Commented Robin Ross, CEO, "The positive results from the soil program
support the potential for nickel- and copper-bearing sulphide mineralization
and the property will be a focus for exploration in 2008."
Walter Hanych is the qualified person for all technical information in
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