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Amanta Resources Ltd.

Publié le 27 décembre 2007

Acquires a third former high-grade tungsten mine in Thailand

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Mots clés associés :   Canada |

N E W S   R E L E A S E

 

AMANTA RESOURCES LTD.

TSX Venture Exchange: AMH

1080 - 789 West Pender St., Vancouver, BC  V6C 1H2

Phone (604) 730-9505   Fax (604) 648-8096   info@amantaresources.com

 

AMANTA ACQUIRES A THIRD FORMER

HIGH-GRADE TUNGSTEN MINE IN THAILAND

 

December 27, 2007. Vancouver, Canada - Amanta Resources Ltd. (Amanta)

is pleased to report that the Department of Primary Industry and Mining (DPIM), Thailand, has granted the Company a Special Prospecting Licence (SPL), covering an area of approx. 14 km2, at Mae Chedi, a former high grade tungsten mine in the province of Chiang Rai. The SPL is valid for a period of 5 years and gives Amanta the exclusive right to apply for a Mining Licence.

 

With the issue of this SPL, Amanta has now acquired 100% interests in three former tungsten mines, Mae Chedi, Mae Lama and Doi Ngom. These properties hosted some of Thailand�s more prolific, high grade tungsten mines prior to the collapse of world tungsten prices in the mid-1980s, which forced the closure of many of the world�s tungsten producers.

 

The Mae Chedi property is located northeast of Chiang Mai, close to the main highway connecting Chiang Mai with Chiang Rai. A tungsten ore (scheelite), associated with cassiterite (tin) occurs in quartz veins and stockworks in granitic rocks and in the contact zone between these and carboniferous mafic intrusives. The ore is also disseminated in both the granites and mafic intrusives.

 

The Mae Chedi mine operated as a �gravel pump� (hydraulic) mine during the 1970s, producing a tungsten/tin concentrate. Contrary to common practice during these years, the mine owners completed a rock sampling survey over much of the mine area. The results of this survey indicated an extended anomalous zone covering up to 30 hectares, over which combined tungsten/tin values of 0.3% were measured.

 

Amanta has initiated a rock and soil sampling programme (on a 500m x 500m grid) to confirm these anomalous values. Early results have shown large areas underlain by rocks with anomalous tungsten and tin values, including a very extensive area anomalous in tin (with assay values of up to 1.5% tin) and a smaller anomalous tungsten area with assay values of up to 7% WO3. Further detailed work will be required to define any mineable resource and Amanta proposes to commence extensive exploration activities, including an initial drilling programme, early in 2008.

 

Recent exploration results from Mae Lama and Doi Ngom have also been very encouraging and Amanta is currently evaluating the economic potential of each of these properties. At Doi Ngom, a breccia-hosted ferberite deposit, shallow reconnaissance drilling has yielded tungsten grades of up to 1.8% WO3, over a one metre intercept, in one drill hole and a number of lower grade intersections of up to 10 metres in other holes.

 

At Mae Lama, a quartz vein wolframite deposit, the drilling of three cored holes into the former production vein (the Mae Lama vein) has confirmed tungsten mineralisation to a depth of at least 200 metres within the vein. Assay results for these drill holes are expected shortly.

 

Each of Amanta�s tungsten properties is located in northern Thailand, in close proximity to each other and to Thailand�s second largest city, Chiang Mai. During 2008, Amanta proposes to fully evaluate the potential for the early resumption of tungsten production from one or more of the properties.

 

Geological Information contained within this report has been verified by Pieter Bakker (Director, Executive VP � Amanta Resources Ltd.). Mr. Bakker satisfies the requirements of a Qualified Person as defined in the National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

 

Amanta Resources Ltd. is focused on mineral exploration, development and production in Thailand and the Southeast Asian region. The Company concentrates on the systematic evaluation of known mineral occurrences, rather than "greenfields" exploration, creating early opportunities to finance and develop mines.

 

on behalf of the board of

AMANTA RESOURCES LTD.

 

�Gerald D. Wright�

 

Gerald D. Wright,

President

 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this News Release.

 

For more information, please contact:

Amanta Resources Ltd.

Patrick Cauley, Vice President & CFO

Tel. : (604) 730-9505

Fax : (604) 648-8096

info@amantaresources.com

www.amantaresources.com

 

Renmark Financial Communications Inc.

Barry Mire : bmire@renmarkfinancial.com

Neil Murray-Lyon : nmurraylyon@renmarkfinancial.com

Tel.: (514) 939-3989

Fax: (514) 939-3717

www.renmarkfinancial.com

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Amanta Resources Ltd.

EXPLORATEUR
CODE : AMH.V
ISIN : CA0230001020
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Amanta Res. est une société d’exploration minière de cuivre et d'or basée au Canada.

Amanta Res. détient divers projets d'exploration au Laos et en Thailande.

Ses principaux projets en exploration sont UDOM XAI et LUANG NAMTHA au Laos, LANG ALAO et HARRON au Viet Nam et SURAT THANI, LANGU, DOI NGOM LANNA, MAE LAMA LANNA, MAE CHEDI LANNA et PAKIENG en Thailande.

Amanta Res. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 472 400 CA$ (380 896 US$, 332 370 €).

La valeur de son action a atteint son plus haut niveau récent le 19 novembre 2010 à 1,61 CA$, et son plus bas niveau récent le 03 février 2015 à 0,01 CA$.

Amanta Res. possède 47 240 000 actions en circulation.

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Rapports annuels de Amanta Resources Ltd.
2007 Financial Statements
Projets de Amanta Resources Ltd.
19/08/2008(Luang Namtha)Receives Licences for Laos Copper Project
25/06/2008(Luang Namtha)Early Sampling Returns up to 5% Cu at Luang Namtha Copper Co...
21/05/2008(Mae Lama Lanna)COMMENCES REHABILITATION OF MAE LAMA TUNGSTEN MINE
05/02/2008(Mae Lama Lanna)receives Drillcorp report on Mae Lama adit stability and reh...
16/01/2008(Mae Lama Lanna)SECOND HIGH GRADE MINERALISED VEIN SYSTEM IDENTIFIED AT MAE ...
09/01/2008(Mae Lama Lanna)HIGH GRADE TUNGSTEN MINERALISATION CONFIRMED AT MAE LAMA PRO...
27/12/2007Acquires a third former high-grade tungsten mine in Thailand
14/11/2007(Mae Lama Lanna)Mae Lama Tungsten Property Update
Communiqués de Presse de Amanta Resources Ltd.
04/02/2009Raises Additional Working Capital, Enters into Convertible D...
23/06/2008FORMAL SIGNING CEREMONY HELD FOR AMANTA'S COPPER CONCESSION ...
09/06/2008AGREES TERMS OF LUANG NAMTHA COPPER CONCESSION WITH THE GOVE...
31/01/2008GOVERNMENT OF LAOS APPROVES AMANTA’S APPLICATION FOR A COPPE...
11/10/2007 RETAINS RENMARK FINANCIAL COMMUNICATIONS INC
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