
Mantle Resources Inc. is a publicly listed mineral resource exploration company focused on zinc exploration and development in Canada. The Company has extensive property holdings (87,911 hectares) in a world class zinc-lead basin in northeastern British Columbia.
Mantle Resources has a 100% interest in the Akie property -- which is emerging as one of the most prospective zinc deposits in Canada. The Akie SEDEX zinc property comprises approximately 5,400 hectares in the Omineca mining division of British Columbia and is located approximately 260 kilometres northwest of the town of Mackenzie. The property contains a partly explored zinc-lead-silver-barite massive sulphide deposit. Between 1992 and 1996 approximately $5.4-million was spent by other parties exploring the property, including approximately 13,000 metres of diamond drilling. Over the past two and a half years, Mantle has continued exploring the property, including an additional 13,000 meters of drilling.
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.
Based on the drilling to date, in mid-April 2008 the Company announced an initial 43-101 compliant inferred resource estimate for the Cardiac Creek zinc-lead deposit on the 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.
Cardiac Creek Deposit Inferred Mineral Resource
|
Tonnes
(000’s) |
Zinc
(%) |
Lead
(%) |
Silver
(g/t) |
Zn+Pb
(%) |
2 |
50,874 |
5.28 |
1.00 |
9.6 |
6.28 |
3 |
37,683 |
6.25 |
1.22 |
11.0 |
7.47 |
4 |
30,595 |
6.89 |
1.36 |
12.0 |
8.25 |
5 |
23,595 |
7.60 |
1.50 |
13.0 |
9.10 |
6 |
17,051 |
8.41 |
1.68 |
14.2 |
10.09 |
7 |
11,841 |
9.26 |
1.86 |
15.4 |
11.12 |
The Cardiac Creek deposit remains open to expansion in tonnage and grade both along strike, up-dip and down-dip.
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 upcoming district scale exploration programs.
Zinc is the third most used non-ferrous metal (after aluminum and copper) and the demand from countries like China and India, with robust expanding economies, are straining global zinc markets.
Lundin Mining Corporation (TSX: LUN) has purchased approximately a 10% equity interest in Mantle Resources.
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