FREEHOLD, N.J., March 15, 2012 /PRNewswire/ -- Lantis Laser Inc. (OTCQB symbol: LLSR), is pleased to announce today that its operating affiliate TAG Minerals Zimbabwe (Private) Limited (TAG-Z) has rapidly expanded its mineral rights to include an additional 50 hectares contiguous and 450 hectares adjacent to its Dodge Mine property. Based on continued discussions with targeted potential partners coupled with industry confirmation of high demand for barite, TAG-Z recently completed Phase I of what their management intends to be an aggressive mineral rights expansion program. With assistance from the previous mine owner, specific areas were acquired based upon undocumented visible outcroppings. In addition, both local and international geologists agree that the directional flow of the hydrothermal barite deposits aligns with the physical properties recently pegged and registered with the Zimbabwe Ministry of Mines.
Al Pietrangelo, President & CEO of Lantis stated, "With the mineral gravity mapping program to begin shortly, we believe that the timing of this expansion program bodes well for our shareholders given the opportunity to immediately begin developing the barite and other mineral/metal reserves." The mineral gravity survey is targeted for completion by mid-second quarter utilizing the latest in electronic, automated 1 micro-gal resolution meters wirelessly transmitting digital data to a GPS equipped data logger using proprietary software performing real-time error checking, multiple sampling and averaging of gravity readings that enhances accuracy and eliminates manual entry errors. With the Bouguer gravity anomaly modeling data, the company will immediately institute a customized diamond core drilling program to establish bankable proven reserves across its mineral type deposits with first focus on barite.
Mr. Pietrangelo added, "We intend to continuously expand our multiple mineral/metal proven reserves program developing targeted mining plans to efficiently extract what we believe are our shareholder's highly valued hydrothermal mineral/metal deposits. Where appropriate, plans are under early stage development to include value added vertical processing steps to further increase the revenue potential of the company's aggregate minerals and metals."
Industry commodity price experts recently advised the company that there have been barite supply constraints in India with barite buyers catering to the spot market paying spot prices as the market accelerates. With market conditions continuing to favor higher barite prices, the company is embarking on aggressive plans to be in high volume production in less than 12 months and anticipates more exciting shareholder announcements.
About Lantis Laser Inc. (parent/holding Company)
Lantis Laser Inc. is the parent/holding Company with three independently operating subsidiaries: TAG Minerals Inc., Raptor Networks Technology, Inc., and Lantis Laser, Inc., (NJ).
About TAG Minerals Inc.
TAG Minerals is a U.S. based (incorporated in Wyoming) mineral resource acquisition, exploration and development company, with operations conducted through its operating affiliate, TAG Minerals Zimbabwe (Private) Limited. The company's business is managed by its directors and officers who have mineral extraction and commercial experience. TAG's strategy is to identify, acquire and exploit gold and other mineral/metal properties that have potential. TAG Minerals is augmented by independent financial, geological, and mining professionals who advise the company on its mining and exploration projects throughout Zimbabwe, Africa. To find out more about the mining equipment utilized by TAG; visit www.extrac-tec.com
About Raptor Networks Technology, Inc.
Raptor Networks is undergoing a corporate re-structuring that will allow it to emerge as a bankable natural resources OTCQB publicly traded company, 80% held by Lantis, engaged in the mining and commercial sales of industrial minerals and metals.
About Lantis Laser, Inc. (New Jersey)
Lantis Laser, Inc. is developing under license, synergistic, high resolution, light-based imaging modalities which can detect decay and microstructural defects at an early stage, and unlike x-ray, do not emit potentially harmful ionizing radiation. Its products are in development and cannot be sold until FDA clearance for marketing is obtained. For more news on OCT in Dentistry; visit: www.octnews.org
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
SOURCE Lantis Laser, Inc.