TORONTO, Feb. 9 /CNW/ - Mantis Mineral Corp. ("Mantis" - CNQ "MYN") -
Mantis Mineral Corp. is pleased to announce the results of the diamond drill
program conducted at its Rottenstone Nickel-Copper-Platinum Group Elements
project, located in northern Saskatchewan. Seven holes totaling 1,177-meters
of drilling were completed.
This very limited drill program focused on seven VTEM (Versatile Time
Domain Electromagnetic) targets selected from the data base of over
200-conductors. The airborne survey which covered 1,171-km(2) was flown by
Geotech Ltd. in the early summer of 2008.
The results of the drill program confirmed the presence of conductive
sulphides in four of the targets. The sulphides encountered in these holes are
considered to be formational representing sulphide-rich sediments.
The presence of these sediments bodes well for the area, as they can
provide the sulphide source by which a magmatic body attains sulphide
saturation dumping base and precious metals.
The three holes that did not encounter their conductive targets were
drilled for practical reasons just beyond the envelope of the ultramafic body
that hosts the mineralization of the Rottenstone deposit. Despite not having
intersected significant mineralization, narrow sections of rock possibly
linked and stemming from the host ultramafic were intersected.
The company considers that in the context of the expansive area of the
favourable geological environment encompassed by the Rottenstone Project, the
program achieved a technical success, and added hard data upon which to base
future exploration programs.
An exploration program designed to filter conductors warranting follow-up
drilling coupled with a larger more extensive drill program would greatly
enhance the chances of discovering either new prospects or the
extension-feeder to the main deposit. Mantis is confident that such a program
is necessary to properly assess this sizeable target land base.
The Rottenstone deposit which originally had a delineated reserve
reported at 50,000-60,000 tons grading 2% nickel, 2% copper, 0.22 opt platinum
and 0.15 opt palladium was mined between 1965 to 1968. Approximately, 28,724
tons of ore was extracted during this period. The mined ore produced a 5,564
ton concentrate that graded 10.36% Ni, 5.74% Cu, 0.10 opt Au, 0.53 opt Ag,
0.33 opt Pt and 0.53 opt Pd. In this respect, the Rottenstone deposit is very
unique. The contained precious metals of the Rottenstone ore, exceeds many of
the ores from world class PGE deposits.
Dr. Larry Hulbert former geologist with the Geological Survey of Canada,
an acknowledged expert on magmatic nickel-copper-platinum group elements
deposits and very familiar with the geology of the Rottenstone area is the
expert consultant for the project.
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 standards.
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.
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For further information:
For further information: Mr. Robin Ross, Chairman & CEO, (416) 362-1800,