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Amanta Resources Ltd.

Publié le 25 juin 2008

Early Sampling Returns up to 5% Cu at Luang Namtha Copper Concession

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Mots clés associés :   Canada | Copper | K Street | Laos | Zinc |

N E W S   R E L E A S E

 

AMANTA RESOURCES LTD.

TSX Venture Exchange: AMH

1080 � 789 West Pender Street, Vancouver, BC  V6C 1H2

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

 

EARLY RESULTS FROM LUANG NAMTHA COPPER CONCESSION SHOW HIGH GRADE COPPER-SILVER AND MOLYBDENUM VALUES

 

June 25, 2008. Vancouver, Canada - Amanta Resources Ltd. (Amanta) is pleased to report results from early reconnaissance activities at the Luang Namtha copper concession, in northern Laos.

 

Initial work by Amanta reconnaissance teams has led to the discovery of abundant striking evidence of copper, silver and molybdenum mineralization in the company�s concession area. In particular a boulder field displaying large, man-size, boulders of porphyritic acid volcanic float assaying up to 5% copper and 4 oz/t of silver, was discovered. The boulder field is quite extensive and has not been mapped in detail yet, but the float occurs over an area larger than one square kilometre.

 

The boulder field is located just south of a large porphyritic intrusive dome with a distinct vegetation anomaly. On the southern edge of the intrusive, an outcrop of secondary copper-rich material has been observed. Rock chip samples from this outcrop average 2% copper and 4 oz/t of silver.

 

To the north of the intrusive, a large outcrop of an intermediate volcanic rock can be followed for approximately 100 metres and is up to 15 metres thick. Rock chip samples from this outcrop return assay results of up to 0.8% molybdenum and up to 0.5 g/t gold.

 

The Company has yet to determine the extent and nature of the mineralization discovered to date but, while much work needs to be done in the upcoming prospecting and exploration period, the widespread and high grade nature of the mineralization encountered so far suggests the potential for a very large target.

 

Amanta has now assembled the field crews to commence ongoing reconnaissance and exploration programmes in the concession area. The present project phase will include detailed systematic surface sampling and mapping over a block of eight square kilometres representing the presently known mineralized areas while reconnaissance work will be carried out over the balance of the 200 km2 area. This work will be followed by airborne Magnetic and EM surveys and will take 6 - 9 months to complete.

 

The Luang Namtha copper concession is located some 600 kms north of Vientiane and is, geologically, part of the Yulong � Luang Namtha porphyry copper and polymetallic belt. In addition to Amanta�s concession, mineralization in this belt includes the giant Yulong porphyry copper deposit with 630Mt @ 1% Cu and several smaller porphyries as well as a multitude of copper-silver deposits, polymetallic occurrences, massive sulphides and sediment hosted high grade replacement bodies. Of these, the Dapinzhang open pit copper/zinc mine in southwest China, close to the Laos border, has reported JORC compliant global resources of 44 million tons, containing 374,000 tons of copper metal, 260,000 tons of zinc and 12 million ounces of silver.

 

 Amanta holds a 100% interest in the Luang Namtha project and is the first Canadian company to be granted a mineral exploration concession in the Lao PDR.

 

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 is currently undertaking a non-brokered private placement, originally announced May 7, 2008. The placement comprises 6,666,667 units at a price of $0.15 per unit, for gross proceeds of up to $1,000,000. Each unit will consist of one common share plus one half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at a price of $0.22 for a period of 18 months from closing. An initial tranche of $300,000 was closed on May 13, 2008.

 

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 Patrick Cauley at 604-730-9505 or by email at info@amantaresources.com

 

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

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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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