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MNTCF Mantis Mineral Corp featured news, full reports, and detailed charts

Mantis Mineral Corp (MNTCF/MNTCF.PK) Wrap Up:

Mantis Mineral Corp., an exploration stage company, engages in the acquisition and development of mineral properties in Canada. The company focuses on the advancement of its three primary gold projects: Cree Lake, Orphan Mine, and King Dodds. Its property portfolio also includes Rottenstone Property, prospective for nickel-copper-platinum group metals. The company was formerly known as Avenue Financial Corporation and changed its name to Mantis Mineral Corp. in May 2007 to reflect its business focus shift from financial services to mineral exploration. Mantis Mineral Corp. was incorporated in 1997 and is based in Toronto, Canada.
www.mantismineralcorp.com
Founded in 1997

Mantis Mineral Corp (MNTCF:Pink OTC Markets Inc)

LAST $0.09 USD
CHANGE TODAY +0.0436 87.20%
VOLUME 290.5K
As of 1:15 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Mantis Mineral Corp (MNTCF)

OPEN
$0.09
PREVIOUS CLOSE
$0.05
DAY HIGH
$0.11
DAY LOW
$0.07
52 WEEK HIGH
11/20/09 - $0.11
52 WEEK LOW
04/22/09 - $0.03
MARKET CAP
0.0
AVERAGE VOLUME 3 mo
50.2K
DILUTED EPS TTM
--
SHARES OUTSTANDING
0.0
MNTCF Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

MNTCF Top Compensated Officers

Mr. Robin Ross
Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: C$225.0K

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for Mantis Mineral Corp (MNTCF)

Mantis Mineral Corp. Appoints Dan T. Gosselin to the Board of Directors

Mantis Mineral Corp. announced the appointment of Dan T Gosselin to the Board of Directors. Dan has held senior global management positions with International and Domestic firms including CIBC World Markets, Merrill Lynch Canada and Blackmont Capital. He was also a member of Midland Walwyn's Executive Committee prior to the Merrill Lynch acquisition. Throughout his career, he has been exposed to all facets of the Financial Service Industry including Fixed Income & Equity Trading and Sales, Investment Banking, Wealth Management and Investment Management. At Blackmont Capital he was a senior member of the Wealth Management Group and was the Managing Director of the Public Venture Capital Group responsible for servicing the Junior Issuer market. Recently, he has been consulting with a Middle East based Investment Bank. Mr. Gosselin has a strong corporate strategic leadership background, a very good understanding of both the Public and Private markets and has an in-depth knowledge of the Retail and Institutional buy-side.

Mantis Mineral Corp. Announces High Grade Gold Values from its Follow-Up Trenching Program on its 100% Owned Cree Lake Gold Project

Mantis Mineral Corp. announced the high grade gold values from its follow-up trenching program on its 100% owned Cree Lake gold project, where recent drilling discovered a new incipient quartz stockwork system carrying significant gold values along substantial drill hole widths. Recent drilling returned a weighted average result of 2.053 gpt along a 15.5-meter cored interval, including assays as high as 11.55 gpt from hole CL09-6. Trenching conducted immediately west of hole CL09-6 along a 50-meter length exposed bedrock that exhibits a zone of intermittent quartz veining and shearing over a 10-meter width hosted in volcanics. Spot cut* and grab samples within this zone, yielded a 46% return of samples with significant gold values ranging from 0.61gpt to 43.2 gpt. The average gold grade for these samples is 6.467 gpt. These results significantly increase the gold mineralization potential of the Cree Lake property. They continue to confirm that the volcanic host rock is mineralized by a series of veins related to the incipient stockwork vein system intersected 50-meters to the east in hole CL09-6.

Mantis Mineral Corp. Announces the Discovery of an Incipient Quartz Stockwork System Carrying Significant Gold Values Along Substantial Drill Hole Widths

Mantis Mineral Corp. announced the discovery of an incipient quartz stockwork system carrying significant gold values along substantial drill hole widths. The new discovery is located 150-meters northeast of the Main Trench and intersected the gold bearing zone at very shallow depths. Assay results within the gold bearing zone in drill hole CL09-6 have returned a weighted average result of 2.053 gpt along a 15.5-meter cored interval. The intersection occurs from 5.5-meters to 21.0-meters which includes a high grade assay of 11.55 gpt. The centre of the zone lies at an estimated vertical depth of 7.6-meters. Holes CL09-7 drilled on section with CL09-6, but collared 20-meters north, intersected the zone at a vertical depth of 15.5-meters. A 14-meter interval which correlates with the zone intersected in CL09-6, returned the following significant assay results; 1.42 gpt over 1.0-m, 1.29 gpt over 1.0-m, 0.832 gpt over 1.0-m, 0.678 gpt over 0.8-m, and 0.615 over 1.0-m. The intersection demonstrates the continuity of the zone at shallow depths leaving the discovery open at depth and along strike. Five holes drilled under the high grade Main Trench where recent channel cut samples returned assays in excess of 38 ounces per ton, intersected the main shear of the Flint Rock structure at 30-meters and 60-meters vertical depths. Anomalous gold values were encountered. This new discovery significantly increases the gold mineralization potential of the Cree Lake property. The system hosts gold grades not unlike those initially encountered at West Timmins Mining Inc.'s and Lakeshore Gold Corp.'s Thunder Creek property, where initial intercepts graded 0.82 gpt over 25.6-meters. The spatial association of producing gold mines and gold mineralization with regional breaks or faults is well established in the gold camps of Ontario. For example, the Destor-Porcupine fault associated with the Timmins camp, the Kirkland Lake-Larder Lake break associated with the Kirkland Lake camp and the Ridout deformation zone associated with the Swayze area. The Ridout deformation zone, a 130-kilometer long structure with which the Cree Lake fault is associated, hosts past producers such as the Jerome Mine, Tyrranite mine, Kenty Mine as well as numerous gold showings.

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Industry Analysis

Valuation MNTCF Industry Range
Price/Earnings 100.0x
Price/Sales -- Not Meaningful
Price/Book 1.1x
Price/Cash Flow -- Not Meaningful
TEV/Sales -- Not Meaningful

MNTCF

MNTCF transactions

Type
Date
Target
Private Placement
June 24, 2009
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