MANTLE RESOURCES INC.
FOR IMMEDIATE RELEASE
info@mantleresources.com
Ground Program Underway
Vancouver,
B.C. � Wednesday March 26, 2008 � Mantle Resources Inc. (TSX Venture: MTS;
Frankfurt: AOF7E1) (the �Company�), Shear Minerals
Ltd., International Samuel Exploration Corp. and New World Resource Corp. are
please to announce the commencement of the 2008 exploration program at the Afridi Lake Diamond Project (�the Afridi
Project�), Northwest Territories.� A
minimum of 15 high priority geophysical targets will be drill tested.
An eleven person crew has been
mobilized to the field with ground magnetic and gravity geophysical surveys
underway.� Radius Drilling Corp. of Prince George, BC has been retained
to complete the drilling and Quadra Surveys of Barriere,
BC will complete all the ground gravity surveys.� All government land-use and industry road use
permits are in place in anticipation of the upcoming drilling program. All
operations are based out of Peregrine Diamonds DO-27 camp located 15km west of
the Afridi Project.�
It is anticipated drilling will commence in April with a budget of $1.2
Million.
�The airborne and ground gravity surveys that were completed in 2007
were a huge success,� commented Shear Minerals President and CEO Pamela Strand.
�These methods clearly defined the known kimberlites
as well as outlined a number of potential new targets that will be drill tested
in the coming month.�
In 2007, a
high resolution airborne gravity gradient survey was flown by Bell Geospace of Houston, Texas. It was proven that the density
contrast between the surrounding rock and the known kimberlites
was great enough to register an interpretable gravity gradient anomaly of two
hectares or larger. A review of the geophysical data by independent consultant
Christopher Campbell of Intrepid Geophysics, Vancouver, BC identified more
than 25 targets characterized by land based isolated gravity low targets
suggestive of kimberlite.
The Afridi Project is comprised of 56,000 acres of claims
and mineral leases within the Lac de Gras Diamond District located 320 km northeast of the City
of Yellowknife, NWT.� The Afridi Project adjoins both the DIAVIK Diamond Mine and the WO claims
which host the DO-27 kimberlite. The Afridi Project is host to five known diamond bearing kimberlites and there are more than 40 known kimberlites within 40 kilometers
of the Project. Shear Minerals Ltd. holds a 58.2% interest in the Afridi Project and is the operator. International Samuel has
a 25.4% interest and New World Resource and Mantle Resources each hold 8.2%.
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, LL.B
Chief executive officer