MANTLE RESOURCES INC.
FOR IMMEDIATE RELEASE
info@mantleresources.com
Mantle Resources Announces Initiation of 43-101
Resource Estimate at Akie and Provides Update on
Build Up of Technical Team
Vancouver,
British Columbia, Canada � Tuesday, February 26, 2008 � Mantle Resources Inc.
(TSX Venture Exchange: MTS; Frankfurt:
A0F7E1)(�Mantle� or the �Company�) is pleased
to announce that the exploration drill results over the past 2 and � years have
provided the Company with sufficient information to enable it to now proceed
with a mineral resource estimate that will be compliant with the requirements
defined in National Instrument 43-101(�NI 43-101�).� This will be the first time the resources at
the Cardiac Creek deposit within the Akie property
will be defined under these guidelines.
Mantle has
engaged independent consultant Robert Sim, P.Geo.,
to evaluate the project and generate a mineral resource estimate for the
Cardiac Creek deposit.� Robert Sim is a Qualified Person as defined under NI 43-101 who
has over 24 years of experience in exploration, mine operations, management and
project evaluations.�
�Initiating
this NI 43-101 compliant resource estimate is a significant milestone for the
Company,� commented Mr. Jim Mustard,
president of Mantle.� �Until now, the
market has, for the most part, only seen a series of assay results from the
Cardiac Creek deposit.� This resource
estimate will provide a benchmark of our activity and will set us on a track
towards a focused program of expanding the resources at our 100% owned Akie property - our flagship project.� We look forward to receiving Robert Sim�s report.�
Additions to Technical Team
Mantle is
pleased to announce that it is continuing to build up its in-house technical
team with the recent appointment of key personnel for the advancement of the Akie project and Kechika Trough
regional work.� Mr. John Fraser, P. Geo.
(BC), has been appointed as Vice-President of Exploration and he remains a
Director of the Company.� In addition,
Mr. Gil Graham has been hired as Logistics Manager and Mr. Nicholas Johnson has
joined the Company as Exploration Manager.
About the
Akie Property
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.
Drilling on
the Akie property by Inmet
Mining Corporation during the period 1994 to 1996 and by Mantle in 2005, 2006
and 2007 has identified a significant body of baritic-zinc-lead
SEDEX mineralization (Cardiac Creek Deposit).�
The deposit is hosted by variably siliceous, fine grained clastic rocks of the Middle to Late Devonian �Gunsteel� formation.
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 averaging approximately 10%
combined zinc+lead.
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
