Manicouagan Minerals Inc.

Published : August 02nd, 2012

REPORTS POSITIVE ASSAY RESULTS FROM ITS CLORIDORME ALUMINOU

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NEWS RELEASE

MANICOUAGAN MINERALS REPORTS POSITIVE ASSAY RESULTS FROM ITS CLORIDORME ALUMINOUS CLAY PROPERTY - DRILLING PROGRAM PLANNED

TORONTO, August 2, 2012 - Manicouagan Minerals Inc. (TSXV -- MAM) is pleased to report very favourable alumina (Al2O3) assay results from the first phase of a mapping and sampling program on its Cloridorme Property located in the Gasp? Peninsula of Quebec and announces the signing of a drilling contract.

Cloridorme Aluminous Clay Property

Between June 10th and 22nd 2012, a geological reconnaissance mapping, prospecting and sampling program was completed on Manicouagan�s 101 claim Eastern Block which is contiguous to the east of Orbite Aluminae�s Grande-Vall?e property and is on strike with its Marin deposit (see MAM Press Release dated February 7, 2012).  A total of 100 samples were collected, described, photographed, and assayed (ALS Chemex Laboratory of Val-d�Or). Eighty one (81) samples were taken from the aluminous shales and mudstones. Thirty nine (39) samples (48%) returned significant values between 17.01% and 22.68% Al2O3. Assay results for Rare Earth Elements (REE) and Rare Metals on selected samples are pending.

Several outcrops of aluminous red, green and grey claystones (argillites) and mudstones were sampled along north-south traverses (sections) throughout the property. The aluminous red and green argillites host sedimentary rock units which belong to the l�Orignal Formation and generally strike east-west across the property and dip south. Calcareous shales, sandstones, limestones, conglomerates and quartzitic arenites make up the rest of the lithological units of the Trois-Pistoles Group on Manicouagan Minerals� East Claim Block.

Based on these encouraging and very significant results, Manicouagan Minerals Inc. has engaged a drilling company to follow up with a first phase of orientation drilling, targeting the mineralized aluminous green and red argillites as soon as necessary permits, which have been applied for, are granted by the Quebec Ministry of Natural Resources, Fauna and Park.

Manicouagan�s CEO, Brian Carter, commented, �We are very excited about these results as they indicate that the aluminous clays are present throughout the property, as evidenced by numerous outcroppings. We are also pleased to see the high percentage of samples reporting alumina assays in the expected range of 17% to 23%.�

About Manicouagan

Manicouagan Minerals Inc. is a Canadian based exploration company focused on advancing its aluminous clay property in the Gasp? Peninsula of Quebec and its gold projects in the Pickle Lake Gold Belt, Ontario. Manicouagan 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 Qu?bec.

Qualified Person

Exploration programs on Manicouagan�s Cloridorme Aluminous Clay Property are carried out under the supervision of Mr. Alain-Jean Beauregard, P. Geo., OGQ, FGAC. Mr. Beauregard 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 Manicouagan 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
 (416) 542-3980

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

 


Latest Updates:

June 7, 2012
Manicouagan Announces Closing of First Tranche of Private Placement
view...

June 1, 2012
Manicouagan Announces Private Placement And Corporate Update
view...

May 25, 2012
Manicouagan Minerals - Update on Exploration Properties
view...

 

 

� 2012 Manicouagan Minerals Inc.

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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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5/8/2013and Flemish Gold Corp. Provide Update Regarding Proposed Bu...
6/4/2012ANNOUNCES PRIVATE PLACEMENT AND CORPORATE UPDATE
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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
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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.
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1/17/2013AND FLEMISH GOLD CORP. ANNOUNCE PROPOSED BUSINESS COMBINATI...
9/16/2012Your Profile
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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...
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6/9/2011Reports on the Annual and Special Meeting of Shareholders He...
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4/13/2011News Release
1/19/2010Mineral Press Release
1/6/2010Press Release
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10/1/2008Today's Press Release
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