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Amanta Resources Ltd.

Publié le 05 février 2008

receives Drillcorp report on Mae Lama adit stability and rehabilitation

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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

 

AMANTA RECEIVES DRILLCORP REPORT ON MAE LAMA

ADIT STABILITY AND REHABILITATION

 

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

 

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, HARRON et LANG ALAO 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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