Manson Creek Provides Corporate Update
15 9월 2012 - 12:26AM
Marketwired Canada
Manson Creek Resources Ltd. ('Manson Creek') (TSX VENTURE:MCK) is pleased to
provide a corporate update on the successful 2012 exploration season. Activity
to date includes the first exploration work in over 50 years on the Up Town Gold
project, located near Yellowknife, NWT. The Tell project, located in the Rackla
Gold Belt area of the Yukon was the target of a focused Induced Polarization
(IP) ground geophysical survey, the first such survey ever conducted on the
property.
Tell Project, Yukon - The IP geophysical survey examined the area containing the
seven anomalously mineralized natural spring gossans (Table 1.). The IP survey
identified a large zone of chargeability, interpreted to represent sulfides,
that correlates well with the mineralized gossans at surface. The zone of
chargeability strikes northwest and has a strike length of over 500 meters as it
continues to the northwest and southeast beyond the bounds of the geophysical
grid. The anomaly has an apparent width of 100 meters and continues to depth off
the pseudo sections. This potentially sulfide bearing anomalous zone is an
excellent target for precious metals and has significant size potential. The
chargeability zone corresponds with a zone of low resistivity interpreted to
represent a hydrothermal alteration zone.
Table 1. Gossan Sample Results
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Location Number of Zinc Nickel Arsenic Silver
Samples and ppm ppm ppm g/t
Type
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Roswell 2 Soil 5,795 to greater than 966 to less than
Samples 7,149 1,000 1,114 0.1 to 0.1
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Crystal 6 Soil 6,005 to 245 to 4.0 to 110 less than
Springs Samples 23,500 greater than 0.1 to 0.8
1,000
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Ash Springs 3 Soil/Silt 10,800 to 425 to 114 to 358 -
Samples 24,500 greater than
1,000
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Ash Springs 3 Rock 19,700 to 1,056 to 10 to 25 0.6 to 1.0
Samples 27,500 1,591
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Area 51 4 Soil/Silt 4,738 to 164 to 1,149 to less than
Samples 8,565 greater than 1,816 0.1 to 0.2
1,000
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Majestic 7 Soil 12,500 to 808 to 18 to 33 0.1 to 0.2
Samples 17,700 greater than
1,000
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Corona 1 Soil 15,600 973 31 0.1
Sample
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Tell Zone 4 Soil/Silt 20,020 to 1,545 to 16 to 103 less than
(Historica Samples 49,600 2,560 0.2 to 0.2
l
sampling)
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Tell Zone 8 Rock 15,700 to 401 to 604 8 to 30 less than
Samples 24,900 0.2 to 0.4
(Ferricrete)
----------------------------------------------------------------------------
Work on the Tell property in 2011 led to the discovery of six new mineralized
natural spring gossans. These discoveries were in addition to the strongly
mineralized Tell showing. The new discoveries extend over an area of 600 meters
east to west and over 450 meters north to south with the mineralization
remaining open in all directions. The 2,200 hectare Tell property is located
immediately south of ATAC Resources Ltd.'s Rau claim block.
The Company believes the seven Tell property gossans to be of extreme
significance due to the number of successful drill discoveries made on similar
gossans in the region. The Tell gossans, which have not been drill tested to
date, bear remarkable similarities to the ATAC Resources Ltd.'s Ocelot discovery
that was made by drill testing a natural spring gossan displaying similar
strongly anomalous zinc and other pathfinder element values.
Up Town Gold Project, Northwest Territories - The Up Town Gold property is
within sight of two prolific gold producers, the Giant and Con gold mines that
have produced over 12,000,000 ounces of gold. The property encompasses five
known gold bearing zones hosted in Archean granodiorites. Work in 2012 consisted
of reconnaissance prospecting and sampling over the core of the 3,388-hectare
property. Gold mineralization, often with significant silver mineralization,
extends over three kilometers of strike in the Rod, Fox South, J7 and C areas.
Significant results included 22 of the 91 samples collected returning gold
grades between 1.30 grams/tonne (g/t) gold to 113.5 g/t gold with silver locally
in excess of 100 g/t.
Highlights from a number of the mineralized zones include:
-- The Rod zone returned an average gold grade of 22.79 g/t in 15 surface
samples. Four of the samples produced silver assays greater than 100 g/t
with the remaining 11 samples averaging 10.21 g/t silver. The Rod zone
remains open in all directions;
-- The Fox South Area, near the historical Giant mine, returned an average
gold grade of 3.06 g/t gold and 1.52 g/t silver in nine samples with
this zone striking for over 250 meters and it remains open in all
directions;
-- The J7 Area produced assays of 7.99 g/t gold and 35.56 g/t silver in
continuous chip samples over 2.1 meters of true width, this zone also
remains open along strike.
The exploration program successfully demonstrated the extensive gold and silver
mineralization on the Up Town Gold property. 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 an area of 3 kilometers by 2 1/2
kilometers.
Corporate - The Company successfully completed a $106,000 private placement in
the spring that funded all the exploration work in 2012. Additionally, Manson
Creek received a five-year Class 3 Land Use Permit that will allow for the
continued exploration and future diamond drilling on the Tell property.
The Company is working to secure financing or alternative sources to advance the
next round of exploration that will follow up on the significant results
attained in the 2012 season.
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.
Manson Creek Resources Ltd. (TSXV:MCK)
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