Yesterday morning, Mantis Minerals, Inc. released a compliation of a trench sample on its Cree Lake property. The trenching took place over a 100 metre strike length and 2 metre width. The twelve samples whose values are disclosed in the news release ranged from 19.03 g/t to 196 g/t over a 20 cm width. The best sample, although not tabulated in the trench report, had a value of 1,300 g/t. The rest of the report goes into the geology of the areas of interest on the property, which include capsule descriptions of earlier prospectors' and companies' sample efforts.
Mantis shot up to 7.5 cents, for a gain of 2.5 cents, on moderate trading yesterday. This jump put the stock at the top of a trading range that has held since mid-January.
It trades on the Canadian National Stock Exchange; Google Finance only has a Web page for its pink sheet listing. CSNX's page for Mantis is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Wednesday, March 11, 2009
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