CREE LAKE PROPERTY - Samples 196 ppm gold at Cree Lake
posted on Jan 12, 2009 06:18AM
Ontario: Cree Lake, Ring of Fire, Timmins - Manitoba - Saskatchewan
MANTIS ANNOUNCES HIGH GRADE GOLD AND MINEABLE WIDTHS AT ITS CREE LAKE PROPERTY.
Mantis Mineral Corp.'s compilation of assay data results from its Cree Lake gold property reflects a consistent, high-grade vein, hosted within an envelope of gold-bearing, sheared volcanics over a two-metre width and 80-metre strike length.
The Flint Rock Occurrence was exposed by a trench-strip area averaging 20-meters in width along a 100-meter length. Within this area, the main zone was exposed for an 80-meter strike length and averaged 2-meters in width. The zone remains open both at the east and west end, the east extension plunging into heavier overburden while the west end strikes beneath the waters of Cree Lake.
Gold grades weighted over 1.52-meters (5-feet) representing a contained length within the width of the 2-meter zone along its 80-meter strike length are summarized below. Background gold grade was derived from 12-channel cuts, of a composite of four 50-centimeter long samples forming a 2-meter long sample across the main volcanic zone, and averaged 1.0 grams per tonne.
Sample No Au ppm Au opt Au ppm Au opt 20-cm 20-cm 1.52-meters 1.52-meters C174482 196.000 5.715 26.641 0.777 C174483 103.500 3.018 14.469 0.422 C174217 83.700 2.441 11.864 0.346 C174213 61.100 1.782 8.734 0.255 C174212 51.700 1.508 7.654 0.223 C174263 50.100 1.461 7.443 0.217 C174470 48.360 1.410 7.219 0.211 C174222 45.600 1.330 6.851 0.200 C174264 41.000 1.196 6.246 0.182 C174490 36.700 1.070 5.680 0.166 C165601 19.200 0.560 3.377 0.098 C174255 19.035 0.555 12.862 0.375
Not included in the weighted average of the zone width are chip samples from the vein. They are tabled below; arranged vertically from west to east, with C174225 located at the extreme west end of the trench, sample C174268 located at the extreme east end of the trench, and the intervening samples located in-between along the vein's 80-meters exposed length. These samples were collected in many places where saw-cut extracting was impossible.
Significantly, these samples taken intermittently along the length of the vein, some in proximity to the channel cuts, support the high grade nature of the vein along its entire length.
Sample Au Sample Au Sample Au ID opt ID opt ID opt C174225 1.148 C174203 1.840 C174296 8.77 C174243 1.318 C174206 0.391 C174295 0.758 C174484 0.346 C165601 0.560 C174401 5.016 C174232 2.651 C174480 4.403 C174261 0.997 C174231 2.021 C174481 6.678 C174265 1.825 C174227 1.053 C174500 0.589 C174262 0.255 C174214 5.686 C174494 0.764 C174269 0.189 C174215 5.365 C174223 4.068 C174268 37.908 C174250 0.459 C174295 0.758 C165604 1.394 C174499 1.105
Mantis is very pleased with these results which will serve as a foundation from which to launch its future plans for the Cree Lake property. The plans include an extensive geological compilation, drill program and spring prospecting-mapping and trenching programs.
Commented Robin Ross, CEO; "The project is extremely exciting given that at the very early stage of exploration we have certainly established the gold continuity and grade of the vein at surface. The property may ultimately prove to host a much larger gold system and if these grades persist, a major discovery is in the making. Further work will be undertaken to evaluate its full potential. With our additional claims to the west, the potential strike length now exceeds 3,000-meters. Previous drilling by Flint Rock Mines in the winter of 1962-63 indicated 12 to 18 inch wide high-grade sections in drill cores with gold values ranging from 0.40 to 20.7 ounces per ton, and silver values from 0.32 to 4.54 ounces per ton. Our upcoming plans include increasing the strike length, verifying historical drill results and establishing mineable widths at depth. "
The Cree Lake gold property is situated in the Swayze portion of the Abitibi greenstone belt 5,000-meters south of the former producing Kenty Gold Mine. At the Kenty deposit coarse visible gold occurred in a network of sub parallel quartz veins, collectively attaining widths of 3.5-meters.
Cautionary note: While the historical assays reported do not conform to National Instrument 43-101 they are generally considered reliable according to local industry standards.
This news release has been viewed and approved by Walter Hanych, senior geologist and project manager, who is responsible for program design and quality control of exploration undertaken by the Company. All samples were analyzed by ALS Chemex.