From the Quarterly report.....(meaning anything could come from...

From the Quarterly report.....(meaning anything could come from anywhere - there's a lot going on!

ASX Release
31 July 2009
Quarterly Activities Report
Period to 30 June 2009
Highlights:
· New phosphate tenement granted in Georgina Basin,
· Exciting Magnetic (drill) target at Haunted Stream gold,
· Planning fieldwork / IP survey at Granite Castle gold.
Mantle Mining Corporation Limited (ASX: MNM), is pleased to
report that in the 13 weeks ending 30 June 2009 work was
progressed in all mineral portfolio areas. Mantle is a diversified
minerals exploration company with a portfolio of tenements
focussed on Precious (Gold and Silver) and Base Metals, Coal
and Coal Bed Methane (CBM), Phosphate Rock and Uranium.
At the Barkly Phosphate Project in the Northern Territory, a fifth tenement was recently granted, to add to the Company’s alreadylarge holdings in the Georgina Basin.
Mantle’s tenements are located between Phosphate Australia’s (ASX: POZ) Highland Plains tenement to the north-east and Minemaker’s (ASX: MAK) Wonarah tenement to the south-west. A sixth tenement is expected to be granted within months.

Subsequent to Quarter’s end, following a high resolution ground based magnetic survey; an exciting anomaly was re-defined at the Company’s Historic Haunted Stream goldfield in Eastern Victoria.
Anomaly 4 is currently being reprocessed and modelled and
planning is under way for a deep diamond drill hole intended totest for large-scale, bulk-tonnage gold/copper mineralisation.
At Granite Castle gold in North Queensland, detail planning is underway for the next stage of fieldwork and Induced Polarisation(IP) surveys ahead of a small infill and step-out drilling campaign.
Over 7kms of outcropping mineralised shears have previously
been defined and are parallel, and in close proximity to, the Company’s existing 0.6km long shear contained JORC resource.

Mantle Mining has assembled a high quality suite of precious metals projects,
largely to the west of the historic Charters Towers mining precinct inQueensland, where the Granite Castle and Great Britain deposits contain standard JORC compliant Measured, Indicated and Inferred gold resources.
In Eastern Victoria, Mantle controls a number of tenements highly prospective for gold/copper including many historical, high-grade, mines along a twelve kilometre gold anomalous corridor closely tracking the Haunted Stream fault.
Mantle acquired the Mt. Mulligan Coal and Coal Bed Methane (CBM) tenements, near Cairns in North Queensland, and is negotiating to secure an access agreement with the Traditional Custodians as a prerequisite for
exploration activities.
In the Northern Territory, Mantle controls a number of large exploration leases near Barkly, all highly prospective for uranium and phosphate rock.
Mantle also controls tenements in North Queensland near Julia Creek, Charters Towers and in the Gulf of Carpentaria near Westmoreland, all prospective for uranium and base metals.

MANTLE Project Locations


During the Quarter, Mantle was granted Exploration Licence EL 27035 for an initial 6 year period. The Company has also received Notice of Proposed Grant of Exploration Licence EL 27037. With these grants the Company will move to control 5,387km2 of ground in the Georgina Basin of the Northern
Territory, an area highly prospective for Phosphate Rock.
Mantle’s tenements are located between Minemaker’s (ASX: MAK) Wonarah and Phosphate Australia’s (ASX: POZ) Highland Plains deposits. The Alexandria, Alroy and Buchanan Dam occurrences also sit nearby Mantle’s project area (Figure 2). These four latter deposits occur on the northern side
of an area of elevated magnetics whilst Wonarah lies to the south of the same feature (Figure 3).
The phosphate deposits in the Georgina Basin occur in relation to either the Wonarah Limestone or Camooweal Dolomite source rocks. Both source rocks occur across substantial portions of Mantle’s tenements. Mantle has
identified a broad area considered highly prospective for accumulations of phosphate sediments outlined as Priority 1 target area.

Subsequent to the Quarter the Company announced that a recent high resolution ground based magnetic survey had re-defined an exciting drill target, Anomaly 4, structurally and operationally central to its Historic Haunted Stream goldfield in Eastern Victoria.......
Haunted Stream is a high grade gold field concentrated along the Haunted Stream fault and in close proximity to magnetic intrusions. As such the probability of finding a large feeder system and associated bulk-tonnage mineralisation is considered relatively high. Mantle has undertaken tenement wide geological mapping, stream sediment and rock chip sampling, and a number of shallow reverse circulation (RC) and diamond drilling (DD)
programmes to define the structural setting and extent of old workings on this historically high grade field.
The Company previously targeted Anomaly 4 with drill hole HSRC6, which was drilled at a relatively shallow angle to 175 metres. However it failed tointercept the highly magnetic anomaly. Subsequent mapping more accurately
repositioned the anomaly, with this more accurate position also correlating directly with a number of the largest historical mines in the locality. In order to re-define the boundaries and the intensity of the magnetic anomalies, and to determine why the first drill hole had failed to intersect the magnetic anomaly,
Mantle recently undertook a close spaced ground magnetics survey over the southern magnetic anomaly (Anomaly 4).

The exciting results from this recent programme re-confirm Anomaly 4 as a high priority drill target with potential to contain a large bulk tonnage mineralised system which historically may have acted as a feeder system to the myriad of local high grade workings (note that ground magnetics have not been done over the northern magnetic bullseye yet).

URANIUM PROJECTS
Burke Uranium Project;
Eight Mile Creek and Lagoon Creek (EPM’s 16878 and 16880).
The Company’s Burke Project tenements, which were recently proposed for
grant, are closely located to Laramide Resources’ Westmoreland deposit.
Clark River Uranium and Base Metals Project;
Phantom Creek and Mount Brown (EPM’s 15534 and 15535).
These tenements are located west of Townsville and north of Charters
Towers in the Greenvale – Georgetown Uranium Province.
Mt Brown is contiguous with the Southern Uranium / Epsilon Energy held
Pandanus West tenement and considered prospective for Ben Lomond-style
U3O8 deposits (owned by Canada’s Mega Uranium).
Preparations are underway for initial reconnaissance in the next Quarter.
Julia Creek Uranium Project;
Holy Joe’s Creek and Gidya Creek (EPM’s 15538 and 15537).
These tenements have been tested and are being prepared for
relinquishment.
CORPORATE ACTIVITIES
During the Quarter, the Company completed a rights issue to raise
$1,030,412. The issue was fully underwritten by Cygnet Capital Pty Ltd.
The Company continued to progress a number of Joint Venture opportunities
in relation to its Clarke River and Burke Uranium projects.