Site of a New Gold Discovery

The Mantis occurrence represents a new gold discovery in the Swayze Belt and is represented by a quartz stockwork system carrying significant gold values along substantial drill hole widths.  The property is situated along the Ridout deformation zone, a 130-kilometer long structure that hosts past producers such as the Jerome, Tyrranite and Kenty Mines, as well as numerous gold showings.  The area has received recent attention with the identification of thick intervals of gold mineralization by Trelawney Mining on its Chester Gold Project, located approximately 60 kilometres southeast along strike in the Swayze Belt.

The 2011 summer drill program, which comprised five drill holes, successfully identified the low-grade gold zone discovered by Mantis in 2009 and has extended the mineralization 50 metres to the east of the discovery hole.  Hole CL11-17 intersected 12.7 metres grading 1.3 g/t Au at 29 metres depth, representing the eastern extension of the 2009 discovery of a 15.5 metre-wide interval averaging 2.05 g/t Au (see Mantis news release 09/09/2009).  Drill holes CL11-16 and CL11-17 represent the first holes to be drilled to the east of the 2009 discovery area.

The drilling was designed to follow up on results from a 2010 summer drill program that returned numerous zones of gold mineralization including a five (5) metre section grading 2.3 g/t Au and individual assays of up to 8 g/t Au proximal to the Mantis discovery.  The property also hosts the historical Flintrock showing, where one hole from the summer program intersected 24 g/t Au over one metre.

The Cree Lake project encompasses the Flint Rock occurrence, a high grade gold showing that produces bonanza grade samples up to 1,300 gpt and visible gold.

In 2008, Mantis stripped, mapped and sampled the Flint Rock gold occurrence. Sampling of the trench yielded extremely encouraging values with 17% of the samples delivering high grade gold values greater than 34 grams and one bonanza grade sample of 1,300 grams. The gold mineralization is associated with quartz-pyrite-galena-chalcopyrite vein(s) within a 1.5 to 2.0 meter shear zone. The stripping exposed the zone for an approximate 100-meter length.

South of Cree Lake a gold anomalous sulphide iron formation extends for 1,300-meters along strike. The formation occurs at the southern edge of the Cree Lake fault and Mantis’ claims cover 6-kilometers of potential strike length of this highly favorable gold bearing horizon.