COMMENCEMENT OF EXPLORATION PROGRAM ON LANGU GOLD PROPERTY
August 5, 2004
Amanta Resources Ltd. is pleased to announce the commencement of exploration programs at its Langu gold property, located in Satun province in southern Thailand. The project area consists of one mining license (covering an area of approximately 96 hectares), surrounded by two contiguous Special Exploration Licenses (SPLs), covering an area of about 25 square kilometres.
The Langu property was originally the scene of mining for antimony in a series of three small quarries. The potential for a sediment-hosted gold deposit in limestone rocks mineralized with arsenian-pyrite has been recognized, based on reported high gold in grab samples from stockpiles of reject material from the previous operation. In early-2002, BFS Consult Asia Ltd., (a Thai geological consulting company), re-sampled the stockpile within a partially flooded quarry area. The samples gave assay results ranging from 5 g/t up to 185 g/t Au.
In June 2003, APEX Geoscience Ltd., an independent engineering/geological consulting company based in Edmonton, Alberta completed a Technical Report on the project, following an earlier site visit to the property.
Apex collected and assayed a total of 13 rock samples from one quarry area. These samples were taken from previously mined and stockpiled material as well as from a 20 meters long outcrop identified in the floor of the quarry. 11 of the samples contained gold, with values up to 36.8 g/t (from the outcrop) and up to 153.5 g/t (from the rock stockpile). Assays for the eight outcrop samples ranged from 4.15 g/t and averaged 20.0 g/t Au.
APEX concluded that: “The results of the reconnaissance sampling demonstrates that a bedrock source for gold exists in the Langu property and confirms the findings of others. The gold mineralization exists within a structurally complex area and should be considered important”.
Line cutting, grid-sampling and mapping has been completed in order to get an indication of the possible extension of the mineralized area. Within the quarry area, where the mineralization was first encountered, the length of the mineralized trend has been established over more than 250 meters, while in the area covered by the exploration licenses, this trend seems to continue for at least 2500 meters along a N30E strike with gold mineralized stibnite (12 g/t Au.) being found at that distance from the quarry area.
Regional assessment work included the review of available airborne geophysical data and an interpretation of Landsat TM data. The latter reveals significant lengths of anticlinal/synclinal structures offset by two sets of normal faults and a large sub-regional thrust structure, indicating that a fairly extensive mineralized system may have developed.
The company believes that the property holds significant potential for what has been recognized as “Carlin-style” gold mineralization.
The APEX report recommended a work program consisting of data collection and compilation, detailed mapping and geochemical sampling in the quarry area as well as and geophysical surveying and an initial diamond drilling program and RC drilling to establish the geologic controls of the mineralization encountered in the quarry. Work recommended for the larger area covered by the exploration licenses includes regional geochemical sampling and mapping. In continuation, detailed work will include geochemistry, airborne geophysics and detailed drilling programs.
Amanta has now commenced the next stage of its planned exploration programs, budgeted at approximately $300,000. It is expected that these programs will be completed within four months.
ON BEHALF OF THE BOARD OF
AMANTA RESOURCES LTD.
“Gerald D. Wright”
Gerald D. Wright,
President
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