Amanta Resources Agrees Terms of Luang Namtha Copper Concession With the Government of the Lao PDR
09 Juni 2008 - 6:42PM
Marketwired Canada
Amanta Resources Ltd. ("the Company") (TSX VENTURE:AMH) wishes to announce that
the Government of the Lao PDR and the Company have finalised the terms of a
Copper Mineral Exploration Concession in northern Laos.
Mr. Houmpheng Souralay, Director General of the Investment Promotion Department,
Ministry of Planning and Investment, has formally invited Amanta to attend the
official Signing Ceremony in respect of the Concession, which will be held on
June 20th, 2008, in Vientiane, Lao PDR.
The Concession covers an area of 200 km2, in Long District, Luang Namtha
Province, and Amanta will hold a 100% working interest in the Concession. The
Company will commence its reconnaissance programmes shortly, and this will
include an airborne Magnetic and EM survey over the concession area.
The Concession lies along the Yulong - Luang Namtha polymetallic porphyry belt
which hosts a number of mines including the Yulong copper mine which has a
reserve of some 630 million tonnes, grading 1.0% Cu.
Amanta is very pleased to have been granted this copper concession and looks
forward to working with the Government of the Lao PDR, the Province of Luang
Namtha and the Lao people, to develop this exciting opportunity for the Company.
ON BEHALF OF THE BOARD OF AMANTA RESOURCES LTD.
Gerald D. Wright, President
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