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Amanta Resources Ltd.

Publié le 31 janvier 2008

GOVERNMENT OF LAOS APPROVES AMANTA’S APPLICATION FOR A COPPER EXPLORATION

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Mots clés associés :   Canada | Copper | Laos |

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

 

GOVERNMENT OF LAOS APPROVES AMANTA�S APPLICATION FOR A COPPER EXPLORATION AND DEVELOPMENT CONCESSION

 

January 31, 2008. Vancouver, Canada - Amanta Resources Ltd. TSX-V: AMH (Amanta) is pleased to report that The Government of the Lao People�s Democratic Republic (Lao PDR), through The Committee for Planning and Investment, has informed Amanta that it has approved the Company�s application to explore for copper and associated minerals in northern Laos.  The Committee for Planning and Investment has invited Amanta to commence negotiations in respect of a Mineral Exploration Agreement.

 

The Agreement will cover an area of 200 km2 and will be for a period of up to eight years, with provision for time extensions. 

 

During the past year and with the permission of the Lao government, Amanta completed some initial reconnaissance within the Udom Xai and Luang Namtha Provinces where the Company�s application area is located. This work included mapping and sampling of old workings, stream sediment sampling, as well as some limited rock and soil sampling.

 

The area of interest is underlain by a regional Permo-Carboniferous sedimentary package of shale and siltstone units and Mesozoic intra-continental sedimentary clastics including abundant redbed units. Mapping to date had not recognized any intrusive or volcanic rock units but Company geologists have recovered mineralized samples of porphyritic andesite, possibly Triassic, indicating that mapping of the area is generally incomplete.

 

High grade vein breccia and replacement stratiform sediment hosted exhalative copper-silver mineralization occurs in several parts of the proposed exploration area and evidence of old mining activities is abundant. Reconnaissance surface sampling identified massively mineralized blocks and widespread gossanous cover. Rock grab samples returned up to 30% copper. Samples from the gossanous material returned values of up to 3% copper.

 

Amanta is presently planning appropriate exploration programmes for the area.   These will include airborne magnetic and electro-magnetic surveys, stream sediment sampling, mapping and initial reconnaissance drilling. Exploration programmes will commence as soon as the Mineral Exploration Agreement is finalised between Amanta and the Lao PDR Government.

 

Amanta is setting up a Representative Office in Vientiane and has submitted an application for a Foreign Investment Licence, in connection with the Mineral Exploration Agreement.

 

Gerald Wright, Amanta�s President and CEO commented; �Amanta is pleased that the Lao government has agreed to grant this concession to the Company and believe that Amanta is the first Canadian company to be granted such a concession. This copper project, together with our gold and tungsten interests in Thailand, gives Amanta an impressive project portfolio and expands our interests in precious and base metals in Southeast Asia.�

 

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

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 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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