TORONTO, Aug. 20 /CNW/ - Mantis Mineral Corp. ("Mantis" - CNQ "MINE"). is
pleased to announce that it has mobilized a field crew to the King Dodds gold
showing to prepare the site for a program of trenching and channel sampling.
Earlier this summer a prospecting team was sent to locate the site of the
King Dodds high-grade gold showing and the West showing originally discovered
in 1915. The original 1915 find at the King Dodds reportedly revealed a
10-centimeter quartz vein exposed for 0.40-meters which contained 25% gold,
(Canadian Mining Journal, 1915).
At the King Dodds showing, an estimated 10-meter deep shaft and
240-meters of heavily overgrown trenches were identified. While at the West
showing, numerous trenches were observed. Grab samples from the workings at
the King Dodds showing were collected and submitted for assay. Three samples
of pyritic quartz vein returned gold values of 1.385 gpt, 2.790 gpt and
5.500 gpt, a fourth sample of similar material returned an assay of 0.999 gpt.
These results are very encouraging, highlighting the gold bearing nature
of the quartz veins that were traced intermittently in the past along an
east-west strike length.
Historically, high-grade visible gold was reportedly encountered in the
shaft at King Dodds. Visible gold was also reported in the vein 33-meters west
of the shaft. The western exploration of the King Dodds vein along its strike
culminated in another significant discovery located 800-meters west of the
King Dodds showing. This showing henceforth referred to as the West showing
historically returned an average gold assay from 14-samples of 33.12 gpt from
a 0.30 to 2.0-meter wide vein with some samples assaying over 171.43 gpt as
reported by the Northern Miner. An adjoining claim to the south known as the
Peters claim reportedly contained a 7-meter wide quartz vein that panned gold
as reported by the Ontario Department of Mines. While the assays herein
reported are of a historical nature and do not conform to National Instrument
43-101 they are generally considered reliable according to local industry
Numerous porphyry dikes up to 10-meters wide have also been reported to
exist on the claims. This is important, as gold bearing quartz veins are often
associated with the margins of porphyry dikes.
Mantis is planning a late summer program of trench rehabilitation, power
washing and channel sampling for the King Dodds showing and the West showing.
Mantis controls 17,056 hectares comprised of 66-claims in this former gold
area in the Onoman-Tashota greenstone belt. During the early 1900's the
Onaman-Tashota belt was the site of a great deal of staking upon news of a
gold discovery at what has become known as the King Dodds Occurrence. The new
ground acquired by Mantis last fall covers 6-gold occurrences, including the
Richardson-Loudon-Oglivie showing which reportedly was traced for 60-meters.
Coarse gold was observed on this property in seven locations along the narrow
quartz vein by L.F. Kindle of the Ontario Department of Mines in 1930 and was
referenced in the Fortieth Annual Report for the Ontario Department of Mines.
Mantis is pleased to announce that it has extended the term on
32,000 warrants due to expire on August 28, 2008 and 540,000 warrants due to
expire on September 1, 2008 for an additional three years from their date of
About Mantis Mineral Corp.
Mantis Mineral Corp. is a dynamic Canadian based resource company,
possessing a diversified portfolio of mineral properties across Canada,
including direct participation in three major area plays: Tamarack, Orphan and
Grass River. The company holds substantial land positions hosting gold,
nickel, copper and platinum group metals.
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