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
MAE LAMA TUNGSTEN PROPERTY EXPLORATION UPDATE
Vancouver, BC � November 14, 2007 � Amanta Resources Ltd. (TSX-V: AMH) wishes to report that the initial exploration activities at the Company�s Mae Lama tungsten prospect continue to move forward. The initial 10-hole core drilling programme is now well advanced, as are mapping and sampling programmes and activities to gain access to the former working faces at the mine.
The Company is pleased to report that it has been able to confirm the previously reported high-grade nature of the tungsten mineralisation within the main �Mae Lama� quartz vein. Amanta field crews have been working to gain access to some of the workings associated with the former production operation at the property and have succeeded in accessing the Level 7 Adit, the last level from which production was reported prior to the termination of mining activity in the mid-1980�s, due to the collapse of world tungsten prices.
Within the adit, Amanta geologists have observed large individual wolframite crystals, masses of smaller crystals and other massively mineralised patches, with one individual crystal measuring about 30 cm in length. Wolframite is the chief ore of tungsten, often being associated with tin.
It has been confirmed that the wolframite is not finely disseminated throughout the quartz vein, but rather occurs as discrete high grade mineralised areas. The production head grade for the former operation at Mae Lama was reported to be in excess of 2% WO3.
At this time it is uncertain how extensive the mineralised zone is. The Company is now restoring the underground access to a safe state, to permit channel sampling to be undertaken, to indicate potential widths and grades of the wolframite zone. When the overall stability of this adit and others currently being re-entered is confirmed, the Company plans to take larger bulk samples from the main vein to better assess the potential average grades throughout the main vein.
The core drilling programme continues to progress and Hole # 7 of the programme is underway. Of the holes drilled to date, some are testing the lateral and depth extensions of the main vein, while others are testing the numerous smaller quartz veins identified throughout the property. Although assay results are not yet available, visible wolframite crystals were evident in two drill holes which intersected the vein some 100 m below the lowest of the old working levels, thus indicating that the Mae Lama vein contains tungsten mineralisation to a depth of at least 200 m. The vein appears to have an average thickness of about 1.5 m and its extent on surface can be traced for at least 600 m.
High grade tungsten deposits, like Mae Lama, typically occur as discrete large crystal assemblies of wolframite within the quartz matrix, rather than being disseminated throughout the vein. While drilling will be valuable in establishing possible tonnage, channel and bulk sampling will offer a more accurate method of establishing potential average grades for the deposit, as core drilling can tend to over or under estimate grades in such high grade wolframite deposits.
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).
About Amanta Resources Ltd.
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 |
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. |