|
| |||||||||||||||
Mantle Returns Shares to Treasury -- Reduces Shares Issued and Outstanding VANCOUVER, BC--(MARKET WIRE)--Jan 8, 2008 -- Mantle Resources Inc. (CDNX:MTS.V - News)
(Frankfurt:AOF7E1.F - News) (the "Company") is pleased to announce
that it has
cancelled and returned 919,220 common shares to the treasury
of the
Company. These common shares had been acquired by the Company
as a result
of its share exchange takeover bid for common shares of
Ecstall Mining
Corporation.
As a result of the cancellation of these shares, the Company's issued and outstanding share balance has been reduced to 68,962,868. About Mantle Resources Inc. The Company has a 100% interest in the Akie zinc-lead property, in northeastern British Columbia, approximately 260 kilometers north-northwest of the town of Mackenzie. 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 both Inmet Mining Corporation during the period 1994 to 1996 and by Mantle in 2005 and 2006 and this year has identified a significant body of baritic SEDEX mineralization (Cardiac Creek Zone). 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. On behalf of the Board of Directors MANTLE RESOURCES INC. "Peeyush K. Varshney" Peeyush K. Varshney CEO & Chairman (No.08-01-02) Distributed by Filing Services Canada and retransmitted by Marketwire Contact: Contact:
Investor Relations
Phone (604) 684-2181
Email Contact
Mantle Resources Inc.
Suite 1304-925 West Georgia St.
Vancouver, BC
Canada V6C 3L2
Phone (604) 684-2181
Fax (604) 682-4768
Source: Mantle Resources Inc.
|  | ||||||||||||||
