MANTLE RESOURCES INC.
FOR IMMEDIATE RELEASE
info@mantleresources.com
Akie
Property � Work Progress Update
Vancouver, B.C. � May 7, 2008 � Mantle
Resources Inc. (TSX Venture: MTS; Frankfurt: AOF7E1) (the �Company�) is pleased
to provide a work progress update on its 100% owned Akie
zinc-lead property within the Kechika Trough of northeastern British Columbia.
Access Road Construction Status
The logging
of the extension of the Akie Main Line access road
has now been completed to its planned terminus and to the commencement of the
shorter drill access trails.� A temporary
road was established during this phase of work to accommodate logging,
processing of timber and for the installation of temporary bridges.� The total distance logged was of 8.7 kilometres, with
work to date being completed on time and on budget.� The one required permanent bridge was also
installed during this phase of work.�
During demobilization, all temporary creek crossing structures were
removed and drainage control features established as per ministry requirements
and good operating practice.� All phases
of the work were monitored for environmental compliance.� Participation of members from both Tsay Keh and Kwadacha
First Nations communities was instrumental in providing local knowledge, input
planning, implementation of the design and decommissioning.
The next
phase of work is expected to commence once the spring thaw is complete and
drier conditions prevail � anticipated to be within approximately one month�s
time.� Road construction will re-commence
initially for the entire Akie Main Line, and
thereafter for the access trails.
Upon completion,
the impact of this new road will be very significant in carrying out the
Company�s exploration plans for 2008 and beyond.� The terminus of the main portion of the road
is in the vicinity of where an exploration portal is envisioned. The ability to
conduct detailed assessments of the area will be greatly facilitated by road
access.� In addition, much of the
exploration drilling that is planned for later this year can be supported by
road access.
The new road
is expected to reduce overall drilling costs and lead to increased productivity
over an extended operating season.�
Further, road access will provide for safer operations for Mantle
personnel and its contractors.
�We are very
pleased with the progress made already this year on the Akie
property, as this new access road will increase our ability to effectively
explore the region.� The completion of
the access road will allow acceleration of our plans and substantially reduce
the need for helicopter support of drilling on the Cardiac Creek Deposit.� Once completed, this road will provide direct
transport from site to the town of Mackenzie
for services and supplies and where access to the provincial highway network
and Canadian National Rail system is available,� stated Jim
Mustard, President of Mantle.�
�The completion of the access road is significant in that it connects
the project to an extensive network of roads and will greatly enhance the
potential to develop the Cardiac Creek deposit.�
About the Akie
and Regional Properties in British
Columbia, Canada.
The Akie zinc-lead property is situated within the
southern-most part (Kechika Trough) of the regionally
extensive Paleozoic Selwyn Basin, one of the most
prolific sedimentary basins in the world for the occurrence of SEDEX
zinc-lead-silver and stratiform barite deposits.
In a press
release dated April 16, 2008, the Company announced an initial 43-101 compliant
inferred resource estimate for the Cardiac Creek zinc-lead deposit on its
100-per-cent-owned Akie property.� At a zinc cut-off grade of 5 per cent, the
deposit contains 3.95 billion pounds of zinc, 780 million pounds of lead and
8.95 million ounces of silver.
The deposit
is hosted by variably siliceous, fine grained clastic
rocks of the Middle to Late Devonian �Gunsteel�
formation which occur extensively on the Company�s claim holdings.
Two similar
deposits, Cirque and South Cirque, located some 20 kilometers
northwest of Akie and owned under a joint venture by Teck Cominco and Korea Zinc, are
also hosted by Gunsteel rocks and have a combined
geologic inventory in excess of 50 million tonnes.
Mantle also
owns an extensive Regional Property package (100% owned) which will be the
focus of a district scale exploration program in 2008.
The TSX Venture Exchange has neither approved
nor disapproved the contents of this press release.
ON BEHALF OF
THE BOARD OF DIRECTORS
MANTLE RESOURCES INC.
�PEEYUSH VARSHNEY�
�����������������������������������������������������������
pEEYUSH vARSHNEY, LL.B
CEO