Mantis Mineral Corp.
Transmitted by CNW Group on : September 8, 2010 08:00
Probe Announces Drilling Results on Mantis' Cree Lake Gold Project, Swayze Belt, Northeastern Ontario
TORONTO, Sept. 8 /CNW/ - The Directors of Mantis Mineral Corp. (CNSX: MYN) ("Mantis") are pleased to announce that the Company has received geochemical results from the summer-2010 drilling on its Cree Lake Project in the Swayze Belt of Northeastern Ontario. The property was recently optioned by Probe Mines Limited ("Probe"-TSX-V: PRB) who is also the operator.
A total of six holes were drilled by Probe testing Mantis' 2009 gold discovery, comprising a thick (15.5m) gold zone averaging 2.05 g/t Au, at depth and along approximately 150 metres of strike length. All holes intersected numerous, narrower, zones of gold mineralization grading up to 8 g/t Au, while Hole CL10-11 returned a five (5) metre section grading 2.3 g/t Au. Hole CL10-12 also tested the historical Flintrock showing and returned a one (1) metre intersection grading 24 g/t Au. The program was successful in identifying numerous gold zones on the property and provided considerable geological information. Although no thick zones of mineralization were intersected in this program, the structural data obtained from this program is now being used to re-interpret the Mantis Zone and determine its probable orientation. Owing to the widespread occurrences of gold, and a reinterpretation of the Mantis Zone, Probe is now considering a second-phase program once a full evaluation of the results have been completed.
Probe is currently earning up to a 70% interest in the Cree Lake property from Mantis. The Mantis occurrence represents a new gold discovery in the Swayze Belt represented by a quartz stockwork system carrying significant gold values along substantial drill hole widths. The zone comes to surface and represents excellent open-pit potential for a gold deposit of the high tonnage, low-grade type. 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.
David Palmer, Ph.D., P.Geo., is the qualified person for all technical information in this release.
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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