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Trelawney (TRR)
Mantis Mineral Sells its Interest in Claim 266 in Chester Township
FOR IMMEDIATE RELEASE
December 1, 2010 - Toronto – Mantis Mineral Corp. (CNSX: MYN) ("Mantis" or the "Company") today announced that it has entered into a purchase agreement (the "Purchase Agreement") between Gold Bar Resources Inc. ("Gold Bar") and Trelawney Mining and Exploration Inc. ("Trelawney"), whereby Gold Bar and Mantis have agreed to sell all of their interest in and to the 21.62% undivided interest in Mining Lease No. 107767 in the Township of Chester, District of Sudbury ("Claim 266").
In consideration of Trelawney's purchase of Claim 266, Trelawney has agreed to issue to Gold Bar 125,000 common shares and to Mantis 375,000 common shares in the capital of Trelawney. Pursuant to the terms of the Purchase Agreement, Mantis has agreed to issue to Gold Bar 6,666,667 common shares in the capital of Mantis, as consideration to complete its obligations under the Option Agreement it entered with Gold Bar on June 15, 2010.
All common shares issued by Trelawney and Mantis are subject to regulatory approval and a four month regulatory hold period from date of issue. The closing of the transaction also remains subject to shareholder approval of the shareholders of Gold Bar.
hi monte
thanks for the feedback.
paperwork what for?
The Meeting went well,The lawywers are finalizing the paperwork work.Will keep you informed of progress
Mantis has got Gold in Ground...why does the price of the shares not move up?
Looking forward for news!
The meeting is Aug 17
some news soon after that
Cree Lake some nice Gold discoveries there.
http://www.mantismineralcorp.com/Level2%20[M2]/creelake.html
Cree Lake Gold Project– Site of a New Gold Discovery
Older news-Informative anyway as far as Gold's concerned-
CNN Money-Gold and silver shot up Monday after the credit rating agency spooked Wall Street by revising its outlook for the United States' debt to "negative."
http://money.cnn.com/2011/04/18/markets/thebuzz/index.htm
The two precious metals tend to do well in times when investors are jittery and want to invest in something safe and tangible. Stocks, bonds and the dollar may be just pieces of paper. But you can hold a piece of gold or silver in your hand.
Unsurprisingly then, they have been surging for most of this year thanks to a maelstrom of uncertainty. Egypt. Libya. Japan. Europe's PIIGS. China rate hikes. There's a lot to make you nervous before you even start worrying about Uncle Sam's budget woes.
Gold hit yet another new all-time high Monday and is tantalizingly close to $1,500 an ounce. Silver is just a hair below $43, a 31-year high. Can they possibly keep heading higher?
Gold doing well in general, so some good news can get us up here.
Was just re-reading that 6/22 news.. Interesting-
http://www.marketwatch.com/story/probe-mines-announces-assay-results-for-the-cree-lake-gold-project-swayze-belt-ontario-2011-06-22-8310?reflink=MW_news_stmp
The Mantis occurrence represents a new gold discovery in the Swayze Belt and is represented by a quartz stockwork system carrying significant gold values along substantial drill hole widths. The property is situated along the Ridout deformation zone, a 130-kilometer long structure that hosts past producers such as the Jerome, Tyrranite and Kenty Mines, as well as numerous gold showings. The area has received recent attention with the identification of thick intervals of gold mineralization by Trelawney Mining on its Chester Gold Project, located approximately 60 kilometres southeast along strike in the Swayze Belt.
hi monte
anything you know or expect? or some rumors around?
Crissy
give it one more month,
thanks for the update, mate
Drilling will continue in the fall on Creelake, Results showed more gold but low grades, Extension giving to Probe mines (see news release) The Treelane deal worth up to $2,000,000 has been delayed by 6 weeks
monte are the Assay Results any good? what's your opinion? please?
thanks
hi monte
any news or anything interesting from the annual meeting with mantis??
have they made any statements about the assey results?
Jun 22, 2011
Probe Mines Announces Assay Results for the Cree Lake Gold Project, Swayze Belt, Ontario
Toronto, June 22, 2011 -- PROBE MINES LIMITED (TSX-V: PRB) ("Probe" or the "Company") is pleased to announce that the Company has received assay results from a recently completed second-phase diamond drilling program on its Cree Lake Project, currently under option from Mantis Mineral Corp (CNSX: MYN) ("Mantis").
The drill program, which comprised five drill holes, successfully identified the low-grade gold zone discovered by Mantis in 2009 and has extended the mineralization 50 metres to the east of the discovery hole. Hole CL11-17 intersected 12.7 metres grading 1.3 g/t Au at 29 metres depth, representing the eastern extension of the 2009 discovery of a 15.5 metre-wide interval averaging 2.05 g/t Au (see Mantis news release 09/09/2009). Drill holes CL11-16 and CL11-17 represent the first holes to be drilled to the east of the 2009 discovery area. The following table provides highlights of the drilling program. All sections are referenced from the Discovery Section, taken as 0 metres East. These intervals do not represent true widths:
Drilling Highlights -- Cree Lake 2011
DDH Section From (m) To (m) Width (m) Au (g/t)
CL11-16 50E 29.1 41.8 12.7 1.3
including 36.2 37.2 1.0 10.9
CL11-17 50E 54.3 65.8 11.5 0.5
CL11-18 0E 39.8 43 3.1 0.9
Drill holes CL11-14 and CL11-15 were drilled 50 metres west of the discovery section and failed to intersect any significant mineralization. Holes CL11-16 and CL11-17 were drilled 50 metres east of the discovery and tested the horizon at vertical depths of 29 metres and 54 metres, respectively. Hole CL11-18 was designed to test below the original discovery hole, CL09-06, and intersected a narrow zone of low-grade gold.
The drilling was designed to follow up on results from a 2010 summer drill program by Probe that returned numerous, zones of gold mineralization including a five (5) metre section grading 2.3 g/t Au and individual assays of up to 8 g/t Au proximal to the Mantis discovery. The property also hosts the historical Flintrock showing, where one hole from the summer program intersected 24 g/t Au over one metre.
Probe is currently earning up to a 70% interest in the Cree Lake property from Mantis. Mantis has agreed to extend the first anniversary date of the Probe-Mantis Option agreement to November 15, 2011.
The Mantis occurrence represents a new gold discovery in the Swayze Belt and is represented by a quartz stockwork system carrying significant gold values along substantial drill hole widths. The property is situated along the Ridout deformation zone, a 130-kilometer long structure that hosts past producers such as the Jerome, Tyrranite and Kenty Mines, as well as numerous gold showings. The area has received recent attention with the identification of thick intervals of gold mineralization by Trelawney Mining on its Chester Gold Project, located approximately 60 kilometres southeast along strike in the Swayze Belt.
About Probe Mines:
Probe Mines Limited is a well financed, Canadian base and precious metal exploration company with approximately $25MM in treasury and a portfolio of highly prospective mineral properties. The Company is actively exploring a significant new gold discovery on its Borden Lake project near Chapleau, Ontario and owns 875 claims covering approximately 14,000 hectares in the McFauld's Lake area, including a 100% interest in the Black Creek chromite deposit. Probe is also exploring its Cree Lake gold project in Ontario's Swayze Belt, under option from Mantis Mineral Corp, and maintains a 5% net smelter royalty on a portion of Agnico Eagle's Goldex Mine near Val d'Or, Quebec, which began production in 2008. Probe also maintains a 45% interest in a joint venture property with Lake Shore Gold Corp, which surrounds Lake Shore's Timmins Mine project. The Company's shares trade on the TSX Venture Exchange under the symbol PRB.
David Palmer, Ph.D., P.Geo., is the qualified person for all technical information in this release. To find out more about Probe Mines Limited, visit our website at www.probemines.com, or contact:
David Palmer
President
Tel: (416) 777-6703
hi monte
send me your PM and i will forward you the answer from PRB
cheers
Wed.June 22nd 10:00 AM
hi crissy
unfortunalte not yet. last time Karen Willoughby / PR wrote me back within a day. That's about 3 month ago when i ask for some results of the cree lake property. She told me back then, they have a week delay thru technical difficulties with the drilling equipment
i will keep you informed....
see ya
hi crissy
thanks for your pm replay. i just wrote an email to PRB..we maid get some answers of them.
what day will the meeting be held at?
hi chrissy
who is quinn?
Thanks monte
I have emailed and called the company several times, never a response. I so hope you find something out for us shareholders for over a year thanks to Quinn telling everyone this was going to be a life changer. LOL.... Never believe Quinn. lol
thanks monte and play it hard on them. i think it's not acceptable not to answer to mails for example.
best of luck
Annual meeting next week, I will attend and try to get some answers
hi chrissy
unfortunatly i don't have PM, so i will have to answer here. I wrote to Mr. Ross / CEO of MNTCF too......and what a surprise now answer !!! i just can't believe how some CEO,s treating there shareholders.
i will send an email to Probe today.....
cheers
cree lake results any day???
any = ???? 1 mth. /2 mth./ 3mth.??????
thanks for your opinion!!
have a nice day
If all options are exercised,by Probe company book value is .06, with any kind of drill results we should be trading at 5x book value
don't you think the move has been related with the news of one of there other proberties?
anyway i assume the results for cree lake will be up soon. do you have any personal expectations what the value of the mntcf shares will be after the news?.....
Probe Mines (PRB) made a good move Thurs and Fri.Hopefully its in anticipation of the Creelake results
when we get good news from Probe We should be in for a good ride.
any expectations about the share price in the near furure? after they realesed the drilling results of cree lake. an what about the other mining properties?
Anyday??????? When is anyday Dear??????
ok let's wait and see, thanks
According to management news expected any day
News on the way???? nothing on the PRB homepage so far!
Promised for this week, Keep your eyes on PRB Vancouver
the cree lake drilling results?
Probe Mines has completed their $25,000,000 Financing, Drilling results should be out soon
Looks like Union continues to buy day in day out. LIke what I am seeing here
.055 x .06 Canadian quote around .066 US is where the current ask is if you buy MNTCF via your broker
Thanks :)
Recent Bulletins
Date ET Symbol Price Type Headline
2011-02-28 12:09 MYN 0.05 News Release Mantis Mineral hires Union Securities as fiscal agent
Recent Trades - Last 10 of 17
Time ET Ex Price Change Volume Buyer Seller Markers
13:47:12 C 0.06 0.01 46,000 46 Macquarie 7 TD Sec K
13:47:12 C 0.06 0.01 7,000 46 Macquarie 27 Dundee K
13:45:18 C 0.06 0.01 17,000 6 Union 27 Dundee K
13:45:18 C 0.06 0.01 5,000 6 Union 2 RBC K
13:42:06 C 0.055 0.005 30,000 6 Union 7 TD Sec K
13:42:06 C 0.055 0.005 18,000 6 Union 7 TD Sec K
13:40:18 C 0.05 0.00 31,000 46 Macquarie 7 TD Sec K
13:12:06 C 0.05 0.00 9,000 85 Scotia 7 TD Sec K
13:10:30 C 0.055 0.005 42,000 80 National Bank 7 TD Sec K
12:50:30 C 0.055 0.005 1,000 80 National Bank 33 Canaccord K
On watch here .055 x .06 canadian currency and char tloks good
New PR contact Larry Dime 416-363-6705
TRR purchased 3 mining claims from MNTCF for shares, TRR is trading at $4.00 and the shares had a 4 month hold which I believe expire at the end of April
PRB has also optioned the Creelake Property from MNTCF which they are drilling as we speak and if they exercise the full 70% MNTCF stands to make 7-8 Million dollars
Yesterday's news that Union Securities has neen brought on Board and a PR person has been hired should generate a lot more interest in this company
I see a much higher SP
Check out the Web Site for all the news
Not sure where the 400 000 shares of TRR come from
from what I see in the CNSX info on mantis minerals (MYN) they do
have assets, but less than I have invested in the stupid company.
check it out let me know what you guys think
http://investdb.theglobeandmail.com/invest/investSQL/cnsx.company_prof?company_id=332832
and another thing why is MNTCF (myn) OTC
are they not able to get it together like most mining opps?
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YOU WANT NEWS ON MANTIS MINERAL CORP? WELL... CLICK ME PLEASE...
CEO Clips on Canadian version of CNBC "BNN"
Share Capitalization as of
Nov 5th, 2009
Outstanding Common shares: 75,534,913
Corporate Officers
Robin Ross, Chairman, CEO, is a twenty-year veteran in the financial services sector and a ten year veteran in merchant banking. His corporate finance activities have covered a wide range of industries including but not limited to technology and resources. Mr. Ross is also president of VanRoss Enterprises Inc., a private merchant bank which specializes in identifying, assessing, constructing, financing and overseeing equity investment opportunities in the resource sector. Mr. Ross has held management positions at major Canadian investment dealers for over 18 years. Mr. Ross has been a director of companies both public and private. Through his corporate finance and previous retail business activities he has extensive contacts on Bay St. and an in-depth knowledge of TSX policy. Mr. Ross with his family supports numerous charities including The Starlight Children’s Foundation of Canada, The Multiple Sclerosis Society of Canada, The Crohn’s and Colitis Foundation of Canada, The Leukemia Research Fund of Canada and the Dorothy Ley Hospice
Vicki Rosenthal, CFO has more than 30 years experience as a qualified accountant in both England and Canada. She has worked with medium sized, owner managed entrepreneurial businesses providing a full range of accounting, tax, estate and financial planning advice through her own accounting practice, in addition ,she has also provided consulting services to a number of large Canadian, publicly traded enterprises. Ms. Rosenthal has also been the chief financial officer of a number of corporations in a variety of industries including advertising, manufacturing, non-for-profit and service.
Dan T Gosselin, Director Mr. Gosselin has held senior global management positions with International and Domestic firms including CIBC World Markets, Merrill Lynch Canada and Blackmont Capital. He was a member of Midland Walwyn’s Executive Committee prior to the Merrill Lynch acquisition. Throughout his career, he has been exposed to all facets of the Financial Service Industry including Fixed Income & Equity Trading and Sales, Investment Banking, Wealth Management and Investment Management. At Blackmont Capital he was a senior member of the Wealth Management Group and was the Managing Director of the Public Venture Capital Group responsible for servicing the Junior Issuer market. Recently, he has been consulting with a Middle East based Investment Bank. Mr. Gosselin has a strong corporate strategic leadership background, a very good understanding of both the Public and Private markets and has an in-depth knowledge of the Retail and Institutional buy-side. Mr. Gosselin holds a Bachelor of Science degree from the State University of New York at Plattsburgh and also holds a Master of Business Administration (MBA) degree from McGill University. Outside roles of note include being a member of the 1980 Lake Placid Olympic Organizing Committee, a member of the IIROC (IDA) Capital Markets Committee and played US College Hockey
A.C.A. Howe, Director. Mr. Howe is a mining engineer who graduated with a B.Sc. from Imperial College, and an A.R.S.M. at the Royal School of Mines, London, England in 1949. He attended schools in England and Australia. He is a registered professional engineer of Ontario, Canada, and a Fellow of the Canadian and Australian Mining and Metallurgical Societies. He was the founder of A.C.A. Howe International Ltd., an international mining and exploration firm based in Toronto and with associates throughout the world. Over his lengthy career as a principal of A.C.A. Howe International, Mr. Howe has been involved in mining exploration and development as well as mine construction and operation in most parts of the world. Mr. Howe has served as an officer and director of several mining companies during his career.
Dr. David Humphrey, Director, brings both medical knowledge and business experience to the board of Mantis. He established Humphrey Group International, which consists of five separate corporations. Dr. Humphrey is a key pioneer in Business-to-Consumer electronic commerce having been a past member of the advisory board to the largest B-to-C e-commerce company in the field of health and beauty products in the United States. Dr. Humphrey is co-founder and president of International Leadership Development otherwise known as ILD Global. He is also a key advisor to the former Chairman of E-Alliance, a coalition of marketing companies representing over 300,000 independent business owners. In addition, Dr. Humphrey was appointed to membership of the President’s Council of World Vision, the largest private charity in the world.
John Leliever, Field Operations Manager, has over twenty years experience in resource exploration. He has coordinated several remote location projects in Northern Ontario demonstrating his ability to manage all facets of exploration. He previously owned and operated his own diamond drilling company.
Walter Hanych, Senior Consulting Geologist, has twenty seven years experience in the exploration industry with grass-roots projects and advanced mine feasibility projects including corporate structure and financing. He has worked in gold, base metal, nickel, diamond, PGE and industrial mineral exploration throughout Canada. He has held positions of Chief Geologist and Project Manager for various exploration companies. Currently he works as an independent consultant - contract geologist. Walter holds an Honours Bachelor of Science Degree from Laurentian University. His accreditation with the Association of Professional Geoscientists is pending.
Heres the Northern Miner Article... This is the bible of the Mining Industry
November 5, 2009
DAILY NEWS
Cree Lake is a "fairy tale" for Mantis Minerals
Northern Miner
______________________________
Like the chief executives of many junior exploration companies these days, Robin Ross believes there's a huge disconnect between the amount of gold Mantis Mineral (MYN-C) has in the ground and its share price.
The Toronto-based company's flagship project -- Cree Lake -- has uncovered high-grade gold of up to 43.2 grams per tonne in a trenching program 150 metres northeast of the company's high-grade Flint Rock occurrence.
In the discovery hole at Flint Rock, drilling returned a weighted average result of 2.05 grams per tonne along a 15.5-metre cored interval in Hole CL09-6, including assays as high as 11.55 grams per tonne over 0.8 metres.
"It's almost like a fairy tale for us," Ross says.
That tale began in 2008 when Mantis stripped, mapped and sampled the Flint Rock gold occurrence on its Cree Lake property in Swayze township, 200 km northwest of Sudbury and 125 km southwest of Timmins.
Seventeen percent of the trench samples delivered gold values exceeding 34 grams per tonne with one sample yielding 1,300 grams per tonne.
The Cree Lake fault is associated with the Ridout deformation zone, a 130-km structure that hosts past producers such as Augen Gold's (GLD-V) Jerome mine, about 15 km to the east.
"The grades that we uncovered in our initial discovery hole at Cree Lake are not unlike those initially uncovered by West Timmins Mining (WTM-T, WTMNF-O) and Lake Shore Gold's (LSG-T)TRADING AT 4.09 PPS RIGHT NOW FYI Thunder Creek property, where their initial intercepts graded 0.82 grams per tonne over 25.6 metres," Ross says. "Our plan is to go up this winter and do a follow-up IP survey and drill through the winter and prove that this deposit is as big as we think it is."
In addition to Cree Lake, Mantis has two other gold projects. Its Orphan gold mine, a past producer, is about 350 km north of Cree Lake in the Geraldton-Beardmore district and it borders Kodiak Exploration's (KXL-V) trading at .60 PPS Golden Mile discovery to the west. Historically the Orphan mine averaged 25 grams gold per tonne and 14 grams silver. Mantis has completed a 1300-metre drill program (eight holes) that have probed the Orphan vein along a 250-metre strike length to a depth of 135 metres and found that it is open along strike and length in all directions.
About 2 km to the northeast of the Orphan mine and about 9 km east of Kodiak's Golden Mile discovery, is Mantis' Foisey project. In its drill program the company got up to 3.2 grams gold per tonne and on surface channel cut sampling and grab sampling returned grades as high as 28.8 grams. The deposit is open at depth and along strike. So far drilling has explored to a vertical depth of 75 metres along a 650-metre strike length.
With the gold price hovering around US$1,088.45 per oz., Ross believes Mantis Minerals is a good buy at 5.5¢ a share.
"Because the share price is so low, with the gold market as hot as it is, it's an opportunity for investors to leverage the bull gold market through an investment in Mantis," Ross says. [color=red]"We are under the radar screen [but] the fundamentals should take care of the share price."[/color]
Mantis has a 52-week trading range of 2¢-15¢ per share with 76 million shares outstanding.
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