A limited reconnaissance drilling programme was completed over the property consisting of 33 shallow cored holes. The programme tested surface indications and geophysical targets. The drilling intercepted the following mineralized sections: 3.4 metres @ 3.0 g/t gold in LNG2, 2.1 metres @ 1.4 g/t in LNG6, 3.0 metres @ 1.0 g/t and 2.0 metres @ 0.7 g/t in LNG 15, 2.0 metres @ 0.3 g/t in LNG17, 1.0 meter @ 0.3 g/t in LNG21, 1.0 metres @ 0.3 g/t in LNG22, 2.0 metres @ 1.7 g/t and 2.0 metres @ 1.6 g/t in LNG26.
The Company believes that the potential of Langu to host an economic resource is excellent, but a large drill programme of 25,000 metres combined core and RC drilling is needed to uncover this potential, a programme that at the present cost levels would amount to CAD$ 3 million dollars.
North of Langu, near the town of Surath Thani, Amanta has applied for two SPLs over an area with `Langu style` mineralisation in a similar setting as the Langu project. As with the Langu SPL application, these applications are under consideration by the Thai Authorities. With the new Policy now approved, it is expected that the Surat SPLs could be issued in the short term and that work there can be resumed, subject to financing conditions.
With Amanta’s focus on becoming a significant copper/silver and molybdenum exploration company in Laos, the Company’s Thai projects are no longer considered core projects and Amanta is considering ways to realise the value of its Thai assets, either through Joint Ventures or sales.
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