Manson Creek Resources Ltd.

Published : November 15th, 2010

Discovers 10 New Gold Zones at Virgin Arm Newfoundland

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Manson Creek Res. discovers 10 new gold zones at virgin arm newfoundland

 

 

 

 

 

Manson Creek Resources Ltd. ('Manson Creek') (TSX VENTURE:MCK - News) is pleased to announce the discovery of 10 new gold bearing occurrences on the Virgin Arm Project, Newfoundland. Work to date continues to demonstrate the previously unrecognized wide spread gold mineralization on the property.

Manson Creek geologists examined many of the high priority geophysical and geochemical anomalies identified in the late summer exploration program. It was found that the majority of the anomalies are located in areas of abundant vegetation and ground cover with hand dug pits revealing many of the latest discoveries in and around the priority areas (Map 1). Significant discoveries include the Lake Shore, GBY, Knob and Barney West showings. The Lake Shore showing, which is 25 meters by at least 3 meters wide before it disappears under cover, returned grab sample assays to 0.675 grams/tonne (g/t) gold. This new area is located proximal to the Hank zone. The Homer zone has been extended a further 40 meters by the discovery of the GBY showing which is over 4 meters in width with surface chip samples returning values to 0.491 g/t gold. Additional discoveries were found in a series of pits over 4.1 kilometers of strike length with further trenching required to develop a better understanding of the orientation and degree of mineralization. Prospecting the southern portion of the block resulted in two new discoveries; the Knob and Barney West which are located 430 meters east and 120 meters west of the Barney zone respectively (Map 1).

Regan Chernish, P.Geol. President of the Company commented "The discovery of 10 new gold zones on the Virgin Arm property is very significant in demonstrating the regional extent of the gold mineralization that is present. Assay values received from the surface sampling is on par with results taken in the original due diligence visit to the property. Follow up on those areas resulted in the outlining of large zones of gold mineralization with values over meter scale widths of up to 10 grams/tonne. Work planned going forward will continue to expand the open ended gold zones at Hank and Homer as well as examining and expanding the recently discovered gold zones."




Table 1. Significant New Zones                                             
----------------------------------------------------------------------------
                                                              Gold Grams per
Anomaly / Zone        Status                    Sample Type            Tonne
----------------------------------------------------------------------------
Lake Shore     New Discovery                   Outcrop grab   0.114 to 0.675
----------------------------------------------------------------------------
GBY            New Discovery          Outcrop surface chips   0.010 to 0.491
----------------------------------------------------------------------------
Piranha North  New Discovery  Grab sample from hand dug pit            0.197
----------------------------------------------------------------------------
Knob           New Discovery                   Outcrop grab   0.039 to 0.127
----------------------------------------------------------------------------

The rock samples were delivered to Eastern Analytical Ltd. in Springdale, Newfoundland for analysis. Gold was assayed by standard fire assay methods with 30 additional elements analyzed by Induced Coupled Plasma (ICP). Laboratory duplicates and blanks were inserted in the sample series order to ensure optimum precision and accuracy.

With the November 3, 2010, $1,058,000 financing Manson Creek is well positioned to undertake its planned 2011 Virgin Arm exploration program. The program will include detailed soil sampling, prospecting, geological mapping and trenching that will lead to diamond drilling in mid to late 2011.

Background

Gold has now been found in a mineralized corridor of 4.2 kilometers by up to 800 meters on the Virgin Arm property in three trenched zones; Hank, Homer, and Barney, and 10 newly discovered gold zones. Each of these zones is an excellent target for significant new gold resources with high grade gold values to 10.07 grams per tonne (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 and that there is excellent potential for the discovery of a large, bulk tonnage style gold mineralized system

The President of Manson Creek Resources Ltd., Regan Chernish P.Geol., is the Qualified Person responsible for 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.

To view the associated map, please visit the following link: http://media3.marketwire.com/docs/1115mck_map1.pdf

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.

Contact:

Regan Chernish
Manson Creek Resources Ltd.
President and Director
1.403-233-0464
www.manson.ca

 

 

Manson Creek Resources Ltd.

EXPLORATION STAGE
CODE : MCK.V
ISIN : CA5644491063
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Manson Creek Res. is a silver and gold exploration company based in Canada.

Manson Creek Res. holds various exploration projects in Canada.

Its main exploration properties are VIRGIN ARM, BLACK LAKE, MERIDIAN, CR, CUPRUM and PALOMINO in Canada.

Manson Creek Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 10.0 millions as of today (US$ 7.6 millions, € 6.2 millions).

Its stock quote reached its highest recent level on July 29, 2011 at CA$ 1.80, and its lowest recent point on April 15, 2016 at CA$ 0.01.

Manson Creek Res. has 31 250 000 shares outstanding.

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Financings of Manson Creek Resources Ltd.
4/30/2014Closes Financing
11/2/2012Manson Creek Closes First Tranche in Non-Brokered Financing
11/1/2012Closes First Tranche in Non-Brokered Financing
10/15/2012Manson Creek Announces Non-Brokered Financing
10/15/2012Announces Non-Brokered Financing
5/17/2012Manson Creek Completes $106,000 Non-Brokered Financing
4/17/2012Manson Creek Announces Non-Brokered Financing
Nominations of Manson Creek Resources Ltd.
6/18/2012Manson Creek Appoints Interim Chief Financial Officer
Project news of Manson Creek Resources Ltd.
11/14/2013Provides Exploration Update
8/12/2013Closes the Option of the Up Town Gold Project, NWT
7/24/2013Commences Field Work on Grommet Property in Yukon and Approv...
11/5/2012Manson Creek Reports Exploration Underway on Up Town Gold Pr...
7/25/2012Manson Creek Identifies Large Target Beneath =?ISO-8859-1?Q?...
6/13/2012Manson Creek Reports Exploration Underway on Tell Project in...
4/30/2012Manson Creek Provides Up Town Gold Project Update
1/24/2012Manson Creek Acquires Gold Project Adjacentto 7 Million Ounc...
1/9/2012Manson Creek Secures Diamond Drill For Tell Property in Yuko...
8/22/2011Manson Creek Confirms Mineralized Gossans at the Tell Proper...
8/8/2011Manson Creek Completes Diamond Drilling On Virgin Arm Gold P...
7/25/2011Manson Creek Discovers Three New Gossans on Tell Project, Yu...
7/14/2011Manson Creek Commences Diamond Drilling on its Virgin Arm Go...
7/14/2011(Virgin Arm)Commences Diamond Drilling on its Virgin Arm Gold Project
6/27/2011(Cr)Exploration Underway on Manson Creek's Yukon Project
6/22/2011(Cr)Douglas Bryan, Manson Creek Resources Ltd. Director, Passes ...
5/25/2011Trenching Program Underway on Manson Creek's Virgin Arm Gold...
5/25/2011(Virgin Arm)Trenching Program Underway on Manson Creek's Virgin Arm Gold...
5/5/2011(Virgin Arm)Receives 2011 Exploration Permits and Secures Diamond Drill
5/4/2011Manson Creek Receives 2011 Exploration Permits and Secures D...
Corporate news of Manson Creek Resources Ltd.
7/14/2015Manson Creek Appoints Cornell McDowell as a Director and Pro...
12/22/2014December 12 2014: Manson Creek Terminates Option on Uptown G...
12/22/2014Manson Creek Terminates Option on Uptown Gold Property, NWT
9/22/2014Manson Creek Outlines Large Anomalous Silver-Zinc Intersecti...
8/20/2014Manson Creek Completes Phase 1 Drilling at the Guaman Projec...
7/23/2014Manson Creek Announces Filing of a 43-101 Report on the Guam...
7/14/2014Manson Creek Announces Results of Annual & Special Meeting a...
6/23/2014Manson Creek Completes Phase 1 Program on the Guaman Project...
4/22/2014Manson Creek Resources Ltd.: Completion of Share Consolidati...
4/15/2014Manson Creek Provides a Corporate and Technical Update
1/10/2014Announces Change of Auditor
11/26/2013President and Director Resigns from Manson Creek
3/12/2013Manson Creek Options the Up Town Gold Proj =?ISO-8859-1?Q?ec...
3/12/2013Options the Up Town Gold Project, NWT to Petro-Occidente Cap...
1/22/2013Manson Creek Extends Gold Mineralization at Up Town Gold Pro...
1/22/2013Extends Gold Mineralization at Up Town Gold Project, NWT
9/14/2012Manson Creek Provides Corporate Update
9/14/2012Provides Corporate Update
6/26/2012Manson Creek Finds Widespread High Grade Gold and Silver at ...
5/24/2012Manson Creek Announces Annual Meeting Results
4/16/2012Manson Creek Provides Corporate Update
3/30/2012Manson Creek Extends Warrants
9/7/2011Manson Creek Intersects 5=2E75 g/t Gold Over 1=2E0 Meter at ...
7/19/2011Manson Creek Expands Tell Claim Block, Yukon
7/19/2011Expands Tell Claim Block, Yukon
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