Manicouagan Minerals Inc.

Published : February 04th, 2013

REPORTS 23.28% Al2O3 and 468 PPM TREO OVER 76.1 METRES IN THE INITIAL DRILLING PROGRAM AT ITS CLORID

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News Release
 
MANICOUAGAN MINERALS REPORTS 23.28% Al2O3 and 468 PPM TREO OVER 76.1 METRES IN THE INITIAL DRILLING PROGRAM AT ITS
CLORIDORME ALUMINOUS CLAY PROPERTY
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MANICOUAGAN MINERALS REPORTS 23.28% Al2O3 and 468 PPM TREO OVER 76.1 METRES IN THE INITIAL DRILLING PROGRAM AT ITS CLORIDORME ALUMINOUS CLAY PROPERTY

TORONTO, February 4, 2013 - Manicouagan Minerals Inc. (TSXV -- MAM) �the Company� is pleased to report the results of the initial orientation drilling program on its Cloridorme property located in the Gasp� Peninsula of Quebec.
 
Drilling Program
 
The objective of the drilling program was to determine the grade, thickness and potential strike length of the aluminous red argillite (mudstone) formation located by surface mapping and sampling in different sectors of the property (see MAM Press Release dated August 2, 2012). A total of 533 metres, in six (6) holes, of core drilling was completed in three sectors of the property (A, B and C). The red and green aluminous mudstones were confirmed in each sector. A surface plan map with drill-hole locations along with cross sections is available on the Company�s website.


Cloridorme Drill Results
Sector Drill Hole ID From (m) To (m) Interval (m) Al2O3 (%) TREO (ppm)
             
A CI-12-01 3.00 54.00 51.00 19.60 not assayed
  CI-12-02 44.20 147.50 103.30 19.79 not assayed
             
B CI-12-05 3.00 21.00 18.00 19.46 not assayed
  CI-12-06 9.00 85.10 76.10 23.28 468.00
             
C CI-12-03 12.00 45.00 33.00 23.39 not assayed
  CI-12-04 12.00 78.00 66.00 23.74 not assayed
 
 
In Sector A, on the west end of the property, a steeply dipping band of red aluminous mudstone with an estimated true thickness of 78 metres was intersected with boreholes Cl-12-01 and Cl-12-02 which returned 51 metres at 19.60% Al2O3 (alumina) and 103.3 metres at 19.79% Al2O3 respectively. Hole CL-12-01 started and ended in mineralization. Sector A is on strike with Orbite Aluminae�s Marin Deposit. Both holes are approximately 2.3 kilometres from Orbite�s eastern claim boundary. Four surface samples of red mudstones, 800 metres on strike west of holes Cl-12-01 and 02, returned 18.78%, 19.67%, 20.25% and 20.34% Al2O3.
 
In Sector B, approximately 6.6 kilometres east of Sector A, a band of red mudstone with a minimum estimated thickness of 77 metres was intersected with boreholes Cl-12-05 and 06 returning 18 metres at 19.46% Al2O3 and 76.10 metres at 23.28% Al2O3 respectively. Both holes started in mineralization and only the northern, the footwall, red mudstone/host rock contact was intersected. The red mudstone unit remains open across the thickness.
 
In Sector C, 2.5 kilometres east of Sector B, a 75 metre thick band of red mudstone was intersected with boreholes Cl-12-03 and 04 returning 33 metres at 23.39% Al2O3 and 66 metres at 23.74% Al2O3 respectively.

All red mudstone units intersected in the drilling are open at depth and along strike and thickness for Sector B. Collectively, the above assays represent a weighted average grade of 21.6% Al2O3 over the intercepts of the six drill holes.
 
The 76.10 metre red mudstone section in hole CL-12-06 was also analyzed for Rare Earth Oxides and certain Rare Metals returning an average of 468 ppm TREO, 44.88 ppm Gallium oxide (Ga2O3) and 24.74 ppm Scandium oxide (Sc2O3). Rare Earth Oxide assay results from a surface sampling program completed in June 2012 were reported in MAM Press Release dated October 31, 2012.
 
Total rare earth oxides (TREO) are defined as La2O3+ Ce2O3+ Pr2O3+ Nd2O3+ Sm2O3+ Eu2O3+ Gd2O3+ Tm2O3+ Dy2O3+ Er2O3+ Tb2O3+ Ho2O3+ Yb2O3+ Lu2O3+ Y2O3.
 
The lighter rare earth oxides, La2O3+ Ce2O3+ Pr2O3+ Nd2O3+ Sm2O3+ Eu2O3, make up 79% of the TREO.
 
All assaying was carried out by ALS Minerals of Vancouver BC. A quality assurance/quality control (QA/QC) program was followed, with the insertion of standard, blank and duplicate samples into the sample stream.
 
The Company�s CEO, Brian Carter, commented, �The assay results of the drilling program are in line with the grades we expected for the red mudstones and are very similar to the grades encountered by Orbite Aluminae. While we only assayed for REE in one hole it again met our expectations. These results add further confirmation of the potential of the Cloridorme property in terms of size and grade.�
 
�I would also like to inform our shareholders that we continue to make progress through the regulatory process for approval of our proposed amalgamation with Flemish Gold Corp.�




 
About Manicouagan
 
The Company is a Canadian based exploration company focused on advancing its aluminous clay property in the Gasp� Peninsula of Quebec, which also contains significant values of REE, and its gold projects in the Pickle Lake Gold Belt, Ontario. The Company also has commodity projects including the Brabant Lake Zinc deposit in Saskatchewan, and the Mouchalagane Nickel/Copper/PGE and HPM/Forgues Nickel/Copper/Cobalt projects in Quebec.
 
Qualified Person
 
Exploration programs on the Company�s Cloridorme property are carried out under the supervision of Mr. Claude Britt, P.Geo. Mr. Britt has reviewed and verified the technical content of
the information contained in this release and qualifies under the definition of �Qualified Person� set out in National Instrument 43-101.
 
Additional information about the Company and its exploration projects can be found at
www.manicouaganminerals.com.
 
Une traduction fran�aise de ce communiqu� de presse est disponible � www.manicouaganminerals.com.
 
For further information contact:
W. Brian Carter, Chief Executive Officer
briancarter@manicouaganminerals.com
Tel: 647 234 1583
 
Or investorrelations@manicouaganminerals.com
 
Forward Looking Statements
All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.
 
Potential quantity and grade is conceptual in nature.  There has been insufficient exploration to define a mineral resource at the Cloridorme property to date, and it is uncertain if further exploration will result in such target being delineated as a mineral resource.
 
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
 

Recent News

January 17, 2013
Manicouagan Minerals Inc. And Flemish Gold Corp. Announce Proposed Business Combination... more

December 21, 2012
Manicouagan Minerals Signs a Letter of Intent to Amalgamate With Flemish Gold Corp.... more

December 11, 2012
Manicouagan Minerals Reports Completion of the Initial Drilling Program at Its Cloridorme Aluminous Clay Property... more

Upcoming Events

March 3-6, 2013:
PDAC 2013, International Convention & Trade Show Metro Toronto Convention Centre - South Building Visit us in Booth #3016
Copyright � 2013 Manicouagan Minerals, All rights reserved. |   |

Manicouagan Minerals Inc.

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Manicouagan Min. is a zinc and lead exploration company based in Canada.

Manicouagan Min. develops zinc, lead, copper, nickel, palladium and platinum in Canada, and holds various exploration projects in Canada.

Its main asset in development is MOUCHALAGANE in Canada and its main exploration properties are FORGUES, PICKLE LAKE, BRABANT LAKE ZINC and LAC MAUGUE in Canada.

Manicouagan Min. is listed in Canada. Its market capitalisation is CA$ 2.6 millions as of today (€ 2.5 millions).

Its stock quote reached its highest recent level on December 04, 2009 at CA$ 0.90, and its lowest recent point on December 14, 2012 at CA$ 0.02.

Manicouagan Min. has 37 710 000 shares outstanding.

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Financings of Manicouagan Minerals Inc.
5/8/2013and Flemish Gold Corp. Provide Update Regarding Proposed Bu...
6/4/2012ANNOUNCES PRIVATE PLACEMENT AND CORPORATE UPDATE
6/17/2008ANNOUNCES $1.5 MILLION FLOW-THROUGH PRIVATE PLACEMENT
Nominations of Manicouagan Minerals Inc.
7/11/2011Announces the Appointment of Brian Carter as Interim Chief E...
Project news of Manicouagan Minerals Inc.
2/4/2013REPORTS 23.28% Al2O3 and 468 PPM TREO OVER 76.1 METRES IN TH...
8/2/2012REPORTS POSITIVE ASSAY RESULTS FROM ITS CLORIDORME ALUMINOU
5/26/2012UPDATE ON EXPLORATION PROPERTIES
1/30/2012(Brabant Lake Zinc)Announces Details of Votorantim's Upcoming Drill Program on ...
10/3/2011(Brabant Lake Zinc)Signs A Letter of Intent to Option Its Brabant Lake Zinc Pro...
9/13/2011(Pickle Lake)Provides an Exploration Update on Its Pickle Lake Gold Prope...
8/17/2011(Pickle Lake)Aug 15, 2011 Exploration Update
3/7/2011(Brabant Lake Zinc)Completes Airborne Geophysical Survey at Brabant Lake Zinc P...
11/18/2009(Pickle Lake)COMPLETES INITIAL DRILLING AT DOROTHY-DOBIE LAKE GOLD PROPER...
10/21/2009(Pickle Lake)Commences drilling at Dorothy-Dobie Lake
10/14/2009(Pickle Lake)Reports filing of NI43-101 in Three Pickle lake
9/4/2008(Mouchalagane)Mouchalagane Drill Results
8/6/2008(Forgues)INTERCEPTS 2.34% NICKEL AND 0.97% COPPER OVER 5.47 METRES
7/29/2008(Brabant Lake Zinc)upgrades and expands Brabant Lake Resource
4/23/2008(Mouchalagane)COMPLETES AIRBORNE SURVEY
4/1/2008(Brabant Lake Zinc)REPORTS RESULTS FROM BRABANT LAKE DRILLING
2/21/2008(Mouchalagane)ADVANCES MOUCHALAGANE PROJECT
2/14/2008(Brabant Lake Zinc)BRABANT LAKE ZINC/COPPER DEPOSIT EXPLORATION UPDATE
1/29/2008(Mouchalagane)REPORTS SIGNIFICANT RHODIUM VALUES
1/15/2008(Brabant Lake Zinc)REPORTS RESULTS FROM BRABANT LAKE DRILLING
12/6/2007(Brabant Lake Zinc)REPORTS ADDITIONAL RESULTS FROM BRABANT LAKE
10/25/2007(Brabant Lake Zinc) REPORTS ADDITIONAL ENCOURAGING RESULTS FROM BRABANT LAKE
6/12/2007(Brabant Lake Zinc)Commences Phase II Diamond Drilling of the Branant Lake...
Corporate news of Manicouagan Minerals Inc.
7/30/2013and Flemish Gold Corp. Provide Update Regarding Proposed Bus...
1/17/2013AND FLEMISH GOLD CORP. ANNOUNCE PROPOSED BUSINESS COMBINATI...
9/16/2012Your Profile
6/8/2012ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT
2/9/2012to Acquire an Aluminous Clay / Rare Earth Prospect in the Ga...
6/24/2011Reports Transfer of Shares and Acquisition of Warrants by In...
6/20/2011Completes Share Consolidation
6/9/2011Reports on the Annual and Special Meeting of Shareholders He...
5/17/2011Completes Kasagiminnis Drill Program-Intersects 4.55 gpt Gol...
4/13/2011News Release
1/19/2010Mineral Press Release
1/6/2010Press Release
12/18/2008REPORTS ADDITIONAL ASSAY RESULTS
10/1/2008Today's Press Release
9/11/2008Today's Press Release
7/15/2008Manicouaan Miinerals Pess Release
11/6/2007Expands near north
10/2/2007Extends strike length of Bob showing mineralization to 130 m...
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