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
Safe Harbor
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.