Manson Creek Resources Ltd.: Sampling Returns Significant Gold and Silver Assays on Up Town Gold Project
30 11월 2012 - 1:55AM
Marketwired Canada
Manson Creek Resources Ltd. ('Manson Creek') (TSX VENTURE:MCK) is pleased to
announce it has received surface sampling assay results for the J Zone that
encompasses the northern portion of the Up Town Gold project in the Northwest
Territories. The J Area exploration work focused on five of the 20 known altered
shear zones comprising the 1.5 square kilometer region. The sampling program
included approximately 36 meters of channel sampling with the collection of 50
representative samples and outlined several strongly mineralized and laterally
extensive zones that remain open in all directions. Anomalous gold and silver
mineralization is widespread throughout the J Zone in the shears as well as the
footwall of many of the shear zones. The gold and silver mineralization
generally increases in value as one proceeds from South to North through the J
Zone. A map of channel sample locations can be found on the Manson Creek
website, www.manson.ca.
Table 1. Significant J Zone Channel Sample Results
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Channel Mineralized
Location Interval (m) Gold g/t Silver g/t Description
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J1 North 0.45 6.88 4.10 Shear Zone
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Footwall and
J1 South 1.30 6.43 1.30 Shear Zone
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Including 1.00 8.95 1.85 Shear Zone
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J2 North 0.60 0.60 1.70 Shear Zone
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J2 South 0.45 0.76 0.40 Shear Zone
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J3A 4.90 0.015 - 0.12 0.30 - 1.60 Distal Footwall
----------------------------------------------------------------------------
Footwall and
J3B 3.20 7.80 23.31 Shear Zone
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Including 2.20 11.21 32.16 Shear Zone
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Footwall and
J3C 1.30 0.60 3.00 Shear Zone
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Footwall and
J5 4.50 Anomalous Anomalous Shear Zone
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J7 0.80 0.69 1.00 Shear Zone
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(i) All Channels oriented perpendicular to strike of shear zones.
Strong mineralization is present in the J3B channel samples with 3.2 m of 7.80
grams/tonne (g/t) gold and 23.31 g/t silver, including 2.20 meters of 11.21 g/t
gold and 32.16 g/t silver.
The J3A sampling returned a broad zone of 4.90 meters of 0.015 to 0.12 g/t gold
and 0.30 to 1.60 g/t silver in the footwall of the shear on the shoreline with
the main zone visible just off shore in the lake. The J3C channel returned 1.30
meters of 0.60 g/t gold and 3.0 g/t silver.
The recently completed work followed up the initial positive results from the J3
shear zone, located on the northwest side of the J Zone. The J3 shear, partially
exposed over a 40 meter strike length from where it emerges from forest cover,
strikes north into a moderately sized lake with the shear and alteration zone
observed to become wider as it trends to the north. Three channels were cut
across the exposed 40 meter strike length with channel J3A set out at the
northern limit of the shear zone as it trends into the lake. The channel sample
tested the unmineralized granodiorite host rock as it transitions into the
footwall of the main J3 shear, as the main zone is visible just offshore in the
lake. Channel J3B was set approximately 22 meters south of the northern most J3A
sample site and J3C channel is located approximately 40 meters to the south of
J3A.
The Company is eagerly awaiting results from the two small diameter drill holes
completed mid-November on the J3 Zone with one drill hole targeting the offshore
extension visible in the lake to the North and another short drill hole tested
the area under the J3C channel sample on the south end of the J3 shear zone
exposure.
Other results of significance include the J1 North trench re-sampled with rock
saws, which returned 0.45 meters of 6.88 g/t gold and 4.10 g/t silver compared
to the 0.49 meters of 0.48 g/t gold and 0.6 g/t silver in the earlier program
with a chisel sample. This confirms the Company's assertion that detailed
channel sampling with rock saws ensures representative samples.
The J1 South returned 1.3 meters of 6.43 g/t gold and 1.30 g/t silver including
footwall mineralization, including 1.0 meters of 8.95 g/t gold and 1.85 g/t
silver. The J1 South channel is located approximately 10 meters to the South of
the J1 North trench.
The recently completed Phase Two exploration program entailed channel sampling
of the J Zone, C Zone and the Fox South Zone. Upon the receipt and
interpretation of the data, the remaining results of the work on the C Zone and
Fox South Zone will be released.
The Up Town Gold property is within sight of two historic 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. Manson Creek has completed reconnaissance prospecting and
sampling over much of 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 (Map of showing
locations and Phase Two sampling can be found at www.manson.ca).
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Manson Creek Resources Ltd.
Regan Chernish
1.403.233.0464
www.manson.ca
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