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Amanta Resources Ltd.

Publié le 09 janvier 2008

HIGH GRADE TUNGSTEN MINERALISATION CONFIRMED AT MAE LAMA PROPERTY

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Mots clés associés :   Canada | Philippines |

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

 

 

January 9, 2008. Vancouver, Canada - Amanta Resources Ltd. TSX-V: AMH (Amanta) is pleased to report that it has now completed a reconnaissance drilling programme at the Company�s Mae Lama tungsten property. 18 core drill holes were completed, for a total drilled depth of 2,958 metres.

 

Mae Lama is the site of a significant former tungsten mine, which produced a tungsten concentrate from a high grade wolframite deposit within a quartz vein system. The reported head grade for the former operation was 2.0% WO3 and production ceased in the mid-1980s, following the collapse of world tungsten prices.

 

The reconnaissance drilling programme was intended to test the accuracy of the reported grade and also examine the prospects for additional assemblages of tungsten bearing veins throughout the project area.

 

Assay results have now been received for six of the drill holes. Three of these have tested the lateral and depth extensions of the former production vein (the Mae Lama vein), while the other three explored an area to the south of the former mine and intersected a number of narrow, mineralised veins. The balance of the reconnaissance drill holes, for which results are expected shortly, explored additional vein systems which have been identified throughout the property.

 

The Mae Lama vein dips steeply to the south and each of the three drill holes which intersected it had visible wolframite crystals in the drill core. The significant vein intercepts were reported as follows:

 

Hole # MLM 4:        inclination 90�, vein intercept from 55.0 � 56.0 metres,

                              Assay grade 1.4% WO3.

 

Hole # MLM 5:        inclination 80�, vein intercept from 215.4 � 216.0 metres,    

Assay grade 0.4% WO3.

 

Hole # MLM 6:        inclination 90�, vein intercept from 194.0 � 195.0 metres.

Assay grade 1.2% WO3.             

         

Holes MLM 5 and MLM 6 intersected the vein some 100 m below the lowest of the former working levels, thus demonstrating that the Mae Lama vein contains significant tungsten mineralisation to a depth of at least 200 m below the surface. The vein appears to have a varying width of up to about 1.5 metres and can be traced along its trend for over 700 metres.

 

Also, having now gained access to some of the old production openings, the Company�s geologists have observed high grade mineralisation in situ and based on photographic evidence and the observed wolframite crystals in the drill core, the Mae Lama tungsten deposits are now seen to be classic �high-grade narrow vein� deposits, with the tungsten mineralisation (wolframite) occurring as discrete high grade mineralised areas within the quartz matrix of the vein.

 

Amanta feels that core drilling is valuable in establishing possible tonnage and demonstrating the overall extent of the mineralisation of the Mae Lama tungsten deposit, but that channel and bulk sampling of the vein will offer a more accurate method of establishing average grades for the deposit, as core drilling can tend to over or under estimate grades in such high grade wolframite deposits.

 

Accordingly, Amanta engaged Drill Corp Philippines, Inc., a mining consultant, to advise on the stability of the existing adits at the property and propose a rehabilitation plan to provide safe working conditions to permit channel and bulk samples to be taken from the former production vein (the Mae Lama vein). This report has now been received by the Company and is under review.

 

The establishment of the average grade for the Mae Lama vein is one of Amanta�s primary objectives as the Company evaluates the opportunities for the early resumption of mining operations at the property. The assay results reported for the drill holes which intersected the vein give the company confidence that the reported former production grade is realistic and can be confirmed as further sampling work is completed.

 

Gerald Wright, President and CEO, commented that Amanta was very pleased with the progress of the Mae Lama project, one of three former tungsten mines in which Amanta holds 100% interests. �For such high grade tungsten deposits, a relatively modest tonnage can be the basis for a very profitable mining operation. Our objective is to develop a resource of up to one million tonnes, at grades of up to 2% WO3 and we feel that there is sufficient tonnage contained within the Mae Lama vein system to reach this target. We are confident, having inspected the drill core, that the pending results for drill holes to the southwest of the Mae Lama vein will demonstrate additional resource potential for the project�.

 

Sample preparation and assays were carried out at the MAS laboratory in Bangkok where the pulverized samples are digested with a strong three acid attack and analyzed by ICP methods.

 

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