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
February 5, 2008. Vancouver, Canada - Amanta Resources Ltd. TSX-V: AMH (Amanta) The results obtained from the recently completed reconnaissance drilling programme at the Company�s Mae Lama tungsten property have been very encouraging and tend to corroborate the reported production grade for the former mining operation at the property. The programme has also confirmed the existence of a number of mineralized veins throughout the property, including the former production vein (the Mae Lama vein) and the Mae Hong Son vein.
Results from the drilling programme included intersections, in the Mae Lama vein, of 1.4% WO3 / 1.0 m; 1.2% WO3 / 1.0 m; 4.3% WO3 / 0.1 m; 1.9% WO3 / 0.1 m and, in the Mae Hong Son vein system, of 7.6% WO3 / 0.4 m; 1.7% WO3 /1.0 m; 1.6% WO3 / 0.2 m; and 1.36%WO3 / 0.2 m;
Drilling has shown that the former production 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.
During the reconnaissance programme, the Company uncovered a number of old adits from the former mining operations at Mae Lama. These provide access the two significant mineralized vein systems discovered, to date, on the property and visual inspection has confirmed the high-grade nature of wolframite mineralisation. The Company plans to rehabilitate some of some of the old production openings in order to take channel and bulk samples of these veins.
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 the channel and bulk samples to be taken from the former production veins. In December, a Mining Engineer and a Geologist from Drill Corp., assisted by Amanta staff, made a 3-day site visit to Mae Lama. They entered and inspected several of the old adits and their report has now been reviewed by the Company.
The report noted that the mining method employed was conventional Shrinkage Stoping in almost all of the exposed mining areas where traces of excavation were evident, probably because of the existence of a �fairly competent� roof, hanging wall and footwall in each of the adits inspected.
Water had seeped into the old workings and ponded in some areas, although this was quite limited in extent. Timber supports had been used at certain points along the adits and these were now deteriorated and will require replacement. Structurally, the adits inspected are fairly competent although there are some localised sections displaying instability, probably because of the deterioration in the supporting timbers and accumulation of water. The average cross section of the adits was about 2 metres wide and 2.5 metres high.
Adit # 7 appeared to be the most developed level and the mode of entry was through a 70 metre cross-cut, driven by conventional drilling and blasting until the main vein was intercepted. From there on, a drift was driven on-vein up to the present limits of the adit. The drift extended for some 350 metres.
The Report makes recommendations for the rehabilitation of the various adits, including replacement of timber supports, dewatering and scaling of loose rock from the roof, walls and floor of adits. Areas where some rock instability is apparent will require additional timber support. An appropriate ventilation system will be required, together with a pumping system to control and remove any water seepage to the workings.
The Report also confirms that there is a strong indication that selective, high-grade mining was practiced during the active mining operations, concentrating on the extraction of ore at high grade sections. Such mining was limited to the extent of the various adits, which were the actual mining areas for the former operation. Consequently, the vast majority of the tungsten resources within the Mae Lama and Mae Hong Son veins remain un-mined and in situ.
The Company is pleased that there has been no major deterioration in the stability of the various adits since the end of mining operations more than 20 years ago. Amanta will place its initial efforts on the rehabilitation of Adit # 7 and the Mae Hong Son adit. The Company is developing a formal rehabilitation plan and will invite bids from suitably qualified companies to undertake the work.
The channel and bulk sampling programme will commence as soon as the adits are stabilized and additional core drilling the property is also being planned. Mae Lama is one of three former producing tungsten mines in northern Thailand in which Amanta holds 100% working interests. Amanta is assessing the potential for the early resumption of production of tungsten concentrate, from one or more of these properties.
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 |   |