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 COMMENCES REHABILITATION OF MAE LAMA TUNGSTEN MINE
May 21, 2008. Vancouver, Canada - Amanta Resources Ltd. is pleased to announce it has engaged Global Prospectors and Consultants (Global), a Thai mining services company, to commence the rehabilitation of the former Mae Lama tungsten mine, in northern Thailand.
Amanta�s contract with Global includes;
=B7 Dewatering, mucking and cleaning the old adits and drifts along the Mae Lama production vein.
=B7 Stabilising and supporting, where necessary, the old mine workings.
=B7 Replacement of timber supports and mine portals, as necessary.
=B7 Geological and mineralogical mapping of the former mine workings.
=B7 Channel and bulk sampling, as directed by Amanta, along the mineralised vein.
Sample preparation and dispatch to an overseas laboratory for assay will be carried out by Mineral Assay and Services (MAS.) in Bangkok.
The contract includes both fixed- and variable-cost items. Amanta estimates that this phase of the Mae Lama project will cost approximately $250,000 and take about three months to complete.
Amanta�s current objective is to develop between 500,000 and 1,000,000 tonnes of mineable resources. The reported grade for the former Mae Lama operation was 2% WO3 and the present programme aims to verify this as an expected average ore grade for the resumption of tungsten production at the mine.
Amanta considers the Mae Lama project to offer an excellent opportunity for early production and significant cash flow for the Company. Amanta maintains a 100% working interest in the Mae Lama project.
Amanta Resources Ltd. is focused on mineral exploration, development and production in Thailand and the Southeast Asian region. The Company concentrates on the systematic evaluation of known mineral occurrences, rather than "greenfields" exploration, creating early opportunities to finance and develop mines.
on behalf of the board of
AMANTA RESOURCES LTD.
�Gerald D. Wright�
Gerald D. Wright,
President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this News RELEASE.
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Amanta Resources Ltd.
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EXPLORATEUR |
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CODE : AMH.V |
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ISIN : CA0230001020 |
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Amanta Res. est une société d’exploration minière de cuivre et d'or basée au Canada. Amanta Res. détient divers projets d'exploration au Laos et en Thailande. Ses principaux projets en exploration sont UDOM XAI et LUANG NAMTHA au Laos, LANG ALAO et HARRON au Viet Nam et SURAT THANI, LANGU, DOI NGOM LANNA, MAE LAMA LANNA, MAE CHEDI LANNA et PAKIENG en Thailande. Amanta Res. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 2,4 millions CA$ (1,8 millions US$, 1,5 millions €). La valeur de son action a atteint son plus haut niveau récent le 19 novembre 2010 à 1,61 CA$, et son plus bas niveau récent le 03 février 2015 à 0,01 CA$. Amanta Res. possède 47 240 000 actions en circulation. |