MANTLE RESOURCES INC.
Thursday, May 3, 2007
(No. 2007-05-12)
info@mantleresources.com
MANTLE
ACQUIRES 100% REGISTERED INTEREST IN AKIE PROPERTY AND NOW CONTROLS 88,360 HECTARES OF
PROSPECTIVE SEDEX ZINC-LEAD GEOLOGY IN KECHIKA TROUGH
Vancouver, B.C. � May 3, 2007 � Mantle Resources Inc. (TSX Venture: MTS;
Frankfurt: AOF7E1) (the �Company� or �Mantle�) wishes to
report that it has paid the final option payment due by its subsidiary, Ecstall Mining Corp.("Ecstall"),
to Inmet Mining Corp. ("Inmet"),
and consequently Inmet has transferred its 60%
registered interest in the Akie Property to Ecstall. Accordingly, Ecstall is
now the registered owner of a 100% royalty free interest in the Akie Property.�
The Akie zinc�lead property, comprised of 22 contiguous mineral
claims encompassing some 5,400
hectares, is located 280km north northwest of Mackenzie, British Columbia, and
is the most advanced of Mantle's properties. To date, approximately $10.15
million has been spent on exploration at Akie
including approximately 20,000
meters of drilling collectively by Inmet
during 1994 to 1996 and Mantle in 2005 to 2006, which resulted in the
identification of a large body of barite SEDEX mineralization containing
significant zinc+lead contents. Mantle is preparing
to commence a major drill program next month using 3 high capacity diamond
drill rigs, as described in Mantle's news release of April 3, 2007.
"We are
pleased to have paid all obligations due to Inmet,
and to now have, in return, the highly regarded Akie Property transferred and registered in our name. This
is a significant milestone and it was accomplished well ahead of schedule"
stated. Mr. Peeyush Varshney,
President of Mantle.
Mantle's
current land holdings in the Kechika Trough area of
northeast British Columbia, through either 100% ownership or option, comprise a
total of some 88,360
hectares (218,335 acres) distributed over a distance of
approximately 180 km.
This land
package encompasses highly favourable shales of
Middle to Late Devonian �Gunsteel formation� which is
host to four major zinc-lead deposits and numerous (+25) showings and
occurrences. The known deposits, which contain a combined geologic inventory in
excess of 65 million tonnes averaging approximately 10% combined zinc+lead, consist of Akie, owned
100% by the Company, and Cirque, South Cirque and Driftpile,
owned by Teck-Cominco. Included in these holdings is
the Mount Alcock property, located 45 km northwest of the Akie deposit, where diamond drilling by previous operators
encountered mineralized intervals of 10.5 m grading 6.8% zinc+lead,
and 8.8 m
grading 9.3% zinc+lead, including 3.6 m at 14.2% zinc+lead.
At present,
the Company is engaged in a comprehensive review of all available information
pertaining to the Kechika area, the results of which
will be used to guide a major helicopter supported, regional exploration
program expected to commence later next month.
The Kechika Trough is the southern-most part of the Paleozoic
Selwyn
Basin,
one of the most prospective and prolific sedimentary basins in the world for
the occurrence of SEDEX zinc-lead-silver and stratiform
baritic deposits. Exploration within the basin since
the early 1950�s has resulted in discovery of a number of important large SEDEX
zinc-lead-silver deposits.�
Qualified Person
John R.
Fraser, P.Geo. (BC) is the Qualified Person for the
Company and is responsible for the technical information contained in this
release.
For further
information regarding the Akie property, the reader
is referred to a NI 43-101 report, titled Geological
Report on the Akie Property, dated October 24,
2005, by D.G. MacIntyre, Ph. D., P.Geo.(BC).,
which is filed on SEDAR at www.sedar.com.
The TSX Venture Exchange has neither approved
nor disapproved the contents of this press release.
MANTLE RESOURCES INC.
ON BEHALF OF
THE BOARD OF DIRECTORS
�Peeyush Varshney�
Peeyush Varshney
President
and Director 
