Manson Creek Finds Widespread High Grade Gold and Silver at Up Town Gold Project
27 6월 2012 - 1:01AM
Marketwired Canada
Manson Creek Resources Ltd. (TSX VENTURE:MCK) ('Manson Creek') is pleased to
announce it has received surface sampling assay results for the Up Town Gold
project in the Northwest Territories. The May 2012 exploration program consisted
of reconnaissance prospecting and sampling over the core of the 3,388-hectare
property. Gold mineralization, often with significant silver mineralization, was
found over three kilometers of strike in the Rod, Fox South, J7 and C areas of
bedrock exposure.
Mr. Regan Chernish, Company President, reports: "With 22 of the 91 samples taken
at Up Town returning gold grades between 1.30 g/t gold to 113.5 g/t gold and
silver locally in excess of 100 g/t, there clearly appears to be vast potential
at Up Town to begin building larger zones. Proposed focused and low-cost surface
work will endeavor to connect the different areas of mineralization that were
sampled in the extensive multi-kilometer footprint of related mineralized areas.
The extreme ease of access to this project, abundant bedrock exposure, favorable
logistics, and location within an area that has geologically been endowed to
have already produced 12 million ounces of gold mark this project as an
excellent opportunity for further discovery with low cost and low risk
exploration profile. We are pleased with these early results, and look forward
to advance the project as quickly as possible."
The Rod Area, located on the southwest end of Baker Lake, returned an average
gold grade of 22.79 grams/tonne (g/t) in 15 surface samples. Four of the samples
also returned silver assays of greater than 100 g/t with the remaining 11
samples averaging 10.21 g/t silver. The samples came from outcropping shears
adjacent to the main zone as well as previously trenched material. Previously
trenched material was sampled due to the main Rod shear zone being flooded at
the time of the program. The Rod showing remains open in all directions and
strikes into nearby Baker Lake to the north. (Map of showing locations and
property can be found at www.manson.ca)
The Fox South Area, located on the east side of the claim group near the
historical Giant mine, returned an average gold grade of 3.06 g/t and 1.52 g/t
silver in nine samples of outcrop and historically trenched material. The shears
observed ranged in size from one-half meter to three meters in width. This zone
strikes for over 250 meters and remains open in all directions.
The J7 Area, part of the larger J Group of showings is found north of Baker
Lake, and returned 7.99 g/t gold and 35.56 g/t silver in continuous chip samples
over 2.1 meters. This zone remains open along strike. Significant grab samples
collected 385 meters to the east in Trench 1 included 3.25, 3.34 and 15.55 g/t
gold and 4.80, 3.50, 9.10 g/t silver respectively. The Number 1 vein was sampled
with a grab sample and 0.50 meter chip and returned 1.79 g/t and 5.49 g/t gold
and 4.10 g/t and 1.40 g/t silver respectively.
Within the C Group Area, situated between the Rod and the Fox South Areas, the
C11 shear returned 5.88 g/t gold and 0.98 g/t silver over 0.67 meters. The
sample was collected at the north end of the shear before it also strikes into
Baker Lake. The only sample collected on a section of the C4 shear graded 1.30
g/t gold and 3.0 g/t silver over 0.4 meters within the larger meter scale shear.
The exploration program successfully demonstrated the extensive gold and silver
mineralization on the Up Town Gold property, with the exploration program
focused on collecting at least one sample from a number of the laterally
extensive shear zones examined. Many of the sampled shear zones strike on
surface for hundreds of meters before typically disappearing under cover.
Approximately half of the known shear zones on the claim block remain to be
examined and sampled in future work programs.
Alteration halos surrounding the mineralized shear zones varied from meter scale
to over a hundred meters adjacent to the actual shears. While the glacially
smoothed bedrock can prove difficult to sample effectively with hammer and
chisel, it is anticipated that follow up work will see extensive testing of the
alteration halos utilizing channel samples cut with a portable rock saw.
The Company is extremely pleased with the results of the first round of
exploration on the Up Town Gold project in over 50 years. The program revealed
significant gold and silver mineralization in areas that extend over 3
kilometers by 2 1/2 kilometers. The Company is excited about the strong
mineralization found at the Fox South Area that is located only 700 meters from
the contact with the Yellowknife greenstone belt, which hosts the nearby
historical Giant and Con gold mines.
Up Town Gold Project Background
The 3,388-hectare Up Town Gold property has five known gold bearing areas hosted
in an Archean granodiorite adjacent to the Yellowknife greenstone belt that
boasts over 12 million ounces of gold production from the nearby Giant and Con
mines. Historic work on the Up Town Gold property, done primarily in the 1960's,
focused on narrow quartz filled shears and associated quartz veins while largely
ignoring the larger zones of hydrothermally altered host granodiorite. The shear
zones, associated fractures and quartz veins vary from millimeter widths to well
over 3.0 meters and they commonly are surrounded by a broader alteration halo.
The alteration consists of silicification and sericitization with hematite
alteration present as well. Mineralization is present at surface with exposures
varying between tens to hundreds of meters.
Several of the gold bearing zones on the Up Town Gold property had historical
estimates completed in the 1960's with over 2,500 meters of diamond drilling
completed. In many of the historic assessment reports there is mention of
hydrothermally altered host rock but no systematic sampling was ever conducted
on these altered zones.
Analytical Method
Samples were submitted to Acme Labs in Yellowknife, Northwest Territories for
analysis with all of the rock samples analyzed using inductively coupled plasma
(ICP) together with mass spectrometry (MS) finish. Gold was analyzed by a fire
assay preparation with an ICP-ES finish.
The President of Manson Creek Resources Ltd., Regan Chernish P.Geol., is the
Qualified Person responsible for the preparation of this news release.
Regan Chernish, P. Geol., President and Director
Except for the historical and present factual information contained herein, the
matters set forth in this news release, including words such as "expects",
"projects", "plans", "anticipates" and similar expressions, are forward-looking
information that represents management of Manson Creek's internal projections,
expectations or beliefs concerning, among other things, future operating results
and various components thereof or the economic performance of Manson Creek. The
projections, estimates and beliefs contained in such forward-looking statements
necessarily involve known and unknown risks and uncertainties, which may cause
Manson Creek's actual performance and financial results in future periods to
differ materially from any projections of future performance or results
expressed or implied by such forward-looking statements. These risks and
uncertainties include, among other things, those described in Manson Creek's
filings with the Canadian securities authorities. Accordingly, holders of Manson
Creek shares and potential investors are cautioned that events or circumstances
could cause results to differ materially from those predicted. Manson Creek
disclaims any responsibility to update these forward-looking statements.
May 2012 Prospecting Program Significant Assays.
----------------------------------------------------------------------------
----------------------------------------------------------------------------
SAMPLE UTME UTMN Location Sample Type
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Trenched
589703 632063 6932403 Rod Area Material Grab
----------------------------------------------------------------------------
Trenched
589704 632047 6932354 Rod Area Material Grab
----------------------------------------------------------------------------
Trenched
53002 631985 6932422 Rod Area Material Grab
----------------------------------------------------------------------------
Trenched
52705 632042 6932354 Rod Area Material Grab
----------------------------------------------------------------------------
Trenched
G0589751 632024 6932396 Rod Area Material Grab
----------------------------------------------------------------------------
Trenched
G0589753 632014 6932389 Rod Area Material Grab
----------------------------------------------------------------------------
Trenched
G0589752 632019 6932394 Rod Area Material Grab
----------------------------------------------------------------------------
Trenched
589701 631971 6932362 Rod Area Material Grab
----------------------------------------------------------------------------
Trenched
53001 632049 6932492 Rod Area Material Grab
----------------------------------------------------------------------------
Trenched
589706 631983 6932424 Rod Area Material Grab
----------------------------------------------------------------------------
----------------------------------------------------------------------------
52714 632812 6935190 J 7 Zone Outcrop Chip
----------------------------------------------------------------------------
52707 633179 6934963 J Area Trench 1 Outcrop Grab
----------------------------------------------------------------------------
52708 633177 6934964 J Area Trench 1 Outcrop Grab
----------------------------------------------------------------------------
Trenched
52706 633180 6934953 J Area Trench 1 Material Grab
----------------------------------------------------------------------------
J Area Number 1
52710 633184 6934796 Vein Outcrop Chip
----------------------------------------------------------------------------
J Area Number 1
53041 633179 6934782 Vein Outcrop Grab
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Trenched
53052 634412 6932755 Fox South Area Material Grab
----------------------------------------------------------------------------
Trenched
52702 634367 6932527 Fox South Area Material Grab
----------------------------------------------------------------------------
Trenched
52703 634351 6932544 Fox South Area Material Grab
----------------------------------------------------------------------------
----------------------------------------------------------------------------
52726 633311 6932956 C 4 Shear Outcrop Chip
----------------------------------------------------------------------------
52729 632495 6932702 C 11 Shear Outcrop Chip
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
SAMPLE Length (m) Description Gold g/t Silver g/t
----------------------------------------------------------------------------
----------------------------------------------------------------------------
589703 Shear Zone 113.50 greater than 100
----------------------------------------------------------------------------
589704 Shear Zone 51.16 greater than 100
----------------------------------------------------------------------------
53002 Shear Zone 45.01 5.40
----------------------------------------------------------------------------
52705 Shear Zone 36.17 greater than 100
----------------------------------------------------------------------------
G0589751 Shear Zone 35.80 greater than 100
----------------------------------------------------------------------------
G0589753 Shear Zone 26.11 9.20
----------------------------------------------------------------------------
G0589752 Shear Zone 20.05 89.70
----------------------------------------------------------------------------
589701 Shear Zone 5.62 3.70
----------------------------------------------------------------------------
53001 Shear Zone 4.95 2.00
----------------------------------------------------------------------------
589706 Shear Zone 2.67 1.20
----------------------------------------------------------------------------
----------------------------------------------------------------------------
52714 2.10 Shear Zone 7.99 35.56
----------------------------------------------------------------------------
52707 Shear Zone 15.55 9.10
----------------------------------------------------------------------------
52708 Shear Zone 3.25 4.80
----------------------------------------------------------------------------
52706 Shear Zone 3.34 3.50
----------------------------------------------------------------------------
52710 0.50 Shear Zone 5.49 1.40
----------------------------------------------------------------------------
53041 Shear Zone 1.79 4.10
----------------------------------------------------------------------------
----------------------------------------------------------------------------
53052 Shear Zone 17.77 2.60
----------------------------------------------------------------------------
52702 Shear Zone 4.84 4.80
----------------------------------------------------------------------------
52703 Shear Zone 1.72 0.90
----------------------------------------------------------------------------
----------------------------------------------------------------------------
52726 0.40 Shear Zone 1.30 3.00
----------------------------------------------------------------------------
52729 0.67 Shear Zone 5.88 0.98
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Manson Creek Resources Ltd. (TSXV:MCK)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Manson Creek Resources Ltd. (TSXV:MCK)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024
