CALGARY, ALBERTA--(Marketwire - April 18, 2011) - Manson Creek Resources Ltd. (News - Market indicators) ('Manson Creek') is pleased to announce that the 2011 exploration program is underway on the Virgin Arm gold project, Newfoundland and will start with a detailed 18.6 line kilometer soil sampling program.
The geochemical sampling program is targeting the highly prospective Discovery Ridge zone in which nine gold occurrences were discovered in late 2010. The gold occurrences identified to date on Discovery Ridge were uncovered in hand trenches while prospecting anomalous values from limited historical soil sampling data. The current program will infill gaps in historic sample locations and provide detailed geochemical data that will assist the upcoming trenching program. Diamond drilling is scheduled to begin in July.
The Company has applied for the Newfoundland and Labrador Department of Natural Resources Mineral Incentive Program which, if accepted, could allow for a grant of one half of eligible expenditures to a maximum of $100,000. In 2010 Manson Creek received $22,709 from the Program.
Virgin Arm Background
Gold has been found in a mineralized corridor of 4.2 kilometers by up to 800 meters on the road accessible Virgin Arm property in three trenched zones; Hank, Homer, and Barney, and 10 recently discovered gold zones. Each of these zones is an excellent target for significant new gold resources. Samples to date have produced high grade gold values to 10.07 g/t found within zones of lower grade gold mineralization. The Company has demonstrated that a widespread, previously unrecognized, gold system is present at the Virgin Arm property on which there is excellent potential for the discovery of a large, bulk tonnage style gold deposit.
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.
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.