Mantle Resources Inc.: Akie Zinc-Lead Property-Assay Results-Continuation of High Grade Mineralization.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Mantle Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:MTS (1) See Microsoft Transaction Server. (2) (Modular TV System) The stereo channel added to the NTSC standard, which includes the SAP audio channel for special use. 1. MTS - Message Transport System. 2. )(FRANKFURT:A0F7E1) ("Mantle" or the "Company) is pleased to present the following assay results for Hole A-05-32, the second drill hole completed during the initial phase of exploration on the Akie zinc-lead property located in northeastern British Columbia, approximately 280 kilometers north-northwest of the town of Mackenzie. Hole: A-05-32. From (m) To (m) Interval (m) Zinc (%) Lead (%) Silver (gr/t) -------------------------------------------------------------------- 555.20 581.90 26.70 11.95 2.74 22 Incl. 558.20 581.90 23.70 12.47 2.91 23.5 Incl. 570.40 581.90 11.50 16.16 3.95 29 Incl. 576.40 580.05 3.65 28.25 6.18 44 The zinc, lead and silver values presented above have been derived from assay data from Acme Analytical Laboratories Ltd. ("Acme"), Vancouver, B.C. The true width of the mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. reported above is estimated to be 72% of the core interval and is subject to revision. This hole and hole A-05-30, the assay results of which were reported in a news release dated November 23, 2005, have intersected, approximately 180 meters apart, the Akie (Cardiac Creek) pyrite-sphalerite-barite-galena mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. horizon within the zone defined by Inmet Mining The 'Inmet Mining Corporation is a Canadian mining corporation that currently holds an 18% stake in Ok Tedi Mining Limited. Corporation, the previous operator. "We are very encouraged by the positive assay results of the second completed drill hole. After stepping out 180 meters, a significant distance, from the first drill hole, we continue to intersect high grade mineralization. The overall grades for zinc, lead and silver continue to exceed, in both grade and true width, the historical results assembled by Inmet," said Peeyush Varshney, president of Mantle Resources Inc. "The second hole encountered an 11.50 meter interval that yielded 16.16% zinc, 3.95% lead and 29 gr/t silver and a 3.65 meter interval that yielded 28.25% zinc, 6.18% lead and 44 g/t silver." Core from hole A-05-33, the third completed drill hole, was shipped to Vancouver and has subsequently been split, by diamond saw, and sampled. The samples have been submitted to Acme Analytical Laboratories Ltd., Vancouver, B.C., for analysis. Results are expected to be available sometime in mid-January, 2006. After consultation with the drilling contractors, Hy-Tech Drilling Ltd., and the exploration management contractors, Coast Mountain Geological Services Ltd., it has been decided that due to the logistical, operational and safety difficulties presented by the prevailing winter conditions, the Company will not be able to proceed with the drilling of an additional hole prior to the year end. All exploration activities, including drilling, are anticipated to re-commence in the Spring of 2006. Assay Samples and Assay Procedures: All mineralized core is split by diamond saw and sampled, with a maximum of 1.5 meters of core collected for each sample. These are bagged and shipped in secure containers to Acme Analytical Laboratories Ltd. in Vancouver for analysis for zinc, lead and silver by aqua regia aqua regia (äk`wə rē`jēə) [Lat.,=royal water], corrosive, fuming yellow liquid prepared by mixing one volume of concentrated nitric acid with three to four volumes of concentrated hydrochloric acid. digestion followed by ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. analysis (Group 7A-ICP Multi-Element Assay). Where necessary, samples will be submitted to Global Discovery Labs in Vancouver for check analyses using four acid digestion followed by AA analysis (Group 3). Qualified Persons: Exploration activities reported on in this release have been designed and supervised by Mr. Bernard Dewonck, P.Geo.(BC) and Mr. Marcus Vanwermeskerken, P.Geo.(BC), both Qualified Persons as defined by National Instrument 43-101. Mr. Chris Graf, P.Eng. (BC), the president of Ecstall Mining Corporation, was also involved in the initial program planning and responsible for spotting the location of the drill holes. John R. Fraser, P.Geo.(BC), is the Qualified person for the Company and is responsible for the technical information contained in this release. About the Akie Property: The Akie property, which has been optioned from Ecstall Mining Corporation, comprises a total of 256 claim units, in 22 contiguous mineral claims, which encompass some 5,400 hectares situated in the Omineca Mining Division of British Columbia. Between 1992 and 1996, approximately $5.4-million was spent exploring the property, including approximately 13,000 metres of diamond drilling. Variably siliceous siliceous relating to or made of silica or a silicate. , bluish-grey weathering, fine-grained clastic rocks of the Middle to Late Devonian 'Gunsteel formation' host a sheet-like body of laminated to massive pyrite pyrite (pī`rīt) or iron pyrites (pīrī`tēz, pə–, pī`rīts), pale brass-yellow mineral, the bisulfide of iron, FeS2. and barite barite (bâr`īt), barytes (bərī`tēz) [New Lat., from barium], or heavy spar, a white, yellow, blue, red, or colorless mineral. , with local finely laminated bands of sphalerite sphalerite (sfăl`ərīt, sfā`–), mineral composed of zinc sulfide, usually containing some iron and a little cadmium. It occurs in crystals of the isometric system but more generally in cleavable, compact masses. and galena galena (gəlē`nə) or lead glance, lustrous, blue-gray mineral crystallizing usually in cubes, sometimes in octahedrons. It is the most important ore and the principal source of lead. , that has a strike length of 1,600 meters, a dip extent of at least 800 meters and a true width of up to 30 meters. Within this, Inmet Mining Corporation, the previous operator, identified an inferred resource, based on four widely spaced drill holes, of 13 million tonnes grading 8.52% zinc, 1.47% lead and 13.24 grams silver/tonne over a true width of 6.3 meters. Note: This historical inferred resource estimate was prepared before the implementation of National Instrument 43-101. The Company's Qualified Person has not reviewed the estimate but believes it to be reliable and relevant as it was calculated by Inmet Mining Corporation, a respected international mining concern, using simple polygonal blocks. However, this estimate should be treated as a historical resource estimate and should not be relied upon until additional drill hole information is available. The Akie deposit is open to expansion in tonnage and grade both along strike and down-dip. Photos of the Akie zinc-lead property are available at the Company's website at www.mantleresources.com. For further information regarding the Akie property, the reader is referred to a NI 43-101 report, titled Geological Report on the Akie Property, dated October 24, 2005, by D.G. MacIntyre, Ph. D., P.Geo.(BC), which is filed on SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review at www.sedar.com. ON BEHALF OF THE BOARD OF DIRECTORS MANTLE RESOURCES INC. PEEYUSH VARSHNEY The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has neither approved nor disapproved the contents of this press release. Mantle Resources Inc. (TSX VENTURE:MTS) (FRANKFURT:A0F7E1) |
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