Mantis Mineral Corp. is pleased to announce that the company is in the
process of soliciting bids from drill contractors for a 2,500-meter diamond
drill program scheduled for mid February on its Cree Lake Gold Property.
Prior to the drilling phase, to assist with the design stage of the drill program, Mantis is also testing the application of IP surveying to trace the mineralization. The test lines for this survey are scheduled for mid December to early January.
To date, the Cree Lake Gold Property consists of the Flint Rock Occurrence, a high grade quartz vein hosted in a shear-fault structure from which gold values in excess of 38 opt have been reported by Mantis, as well as the new Mantis Occurrence, from which drilling and trench sampling have yielded significant gold grades, as mentioned above, in an incipient quartz stockwork setting.
This system hosts gold grades not unlike those initially encountered at West Timmins Mining Inc.'s and Lakeshore Gold Corp's Thunder Creek property, where initial intercepts graded 0.82 gpt over 25.6-meters. The spatial association of producing gold mines and gold mineralization with regional breaks or faults is well established in the gold camps of Ontario. The Ridout deformation zone, a 130-kilometer long structure with which the Cree Lake fault is associated, hosts past producers such as the Jerome Mine, Tyrranite Mine, Kenty Mine as well as numerous gold showings.
Stockworks mineralized systems potentially form larger deposits and targets. This new discovery, of a vein system with an incipient stockwork network carrying disseminated pyrite provides a larger mass for geophysical tracing and is more amenable to definition drilling as well. An image log of drill hole CL09-6 and assay intervals is available for viewing on Mantis' website at www.mantismineralcorp.com.
Commented
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.
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 exploration projects.
The CNSX has not reviewed and does not accept responsibility for the adequacy of this release.
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For further information: Mr. Robin Ross, Chairman & CEO: (416) 362-1800, [email protected], or visit our corporate website at www.mantismineralcorp.com
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