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Manson Creek Resources Ltd.

Publié le 23 juin 2014

Manson Creek Completes Phase 1 Program on the Guaman Project, Yukon

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Mots clés associés :   Nickel | Zinc |

Manson Creek Completes Phase 1 Program on the Guaman Project, Yukon

CALGARY, ALBERTA--(Marketwired - Jun 23, 2014) - Manson Creek Resources Ltd. (the "Company") (TSX VENTURE:MCK) and partner Guatavita Gold Corporation are pleased to report completion of the Phase 1 field program on the Guaman Project, Yukon Territory.

A one week field program has been conducted by Company personnel and included surface sampling, detailed mapping and prospecting, and further refining of drill targets. The program has resulted in significant expansion of anomalous surface areas such as the metal-rich Tell Gossan, and the discovery of a large bedded barite zone capping the favorable target base metal stratigraphy.

Jean-Pierre Jutras, P. Geol and President, reports: "We are strongly encouraged by new discoveries on the project. New surface sampling and geological mapping has conclusively tied large areas around previously reported point source gossans and metal rich seeps into large, coherent zones that are prime drill targets. The discovery of extensive packages of bedded barite exhalative units which are often associated with polymetallic volcanogenic or sedimentary hosted style massive sulphides (VMS/SEDEX) deposits confirms the validity of our exploration model. The identification of mafic volcanic or subvolcanic units in float, the first ever such confirmation in this area, all point towards the possibility of true grassroots massive sulphide potential which will be drill tested starting in July."

During the program, a total of 186 new soil samples were taken in key areas. Samples were taken over the existing geophysical grid that was put in place for the 2012 induced polarization survey, and a new grid was established and sampled to the south, covering an area of 400 by 300 meters, with east-west lines spaced 50 meters apart. Sampling was conducted at 25 meter intervals along the east-west lines.

Of the 186 new surface soil samples taken, the average of all samples was 0.53% zinc (5,300 ppm). This included 76 samples above 0.1% zinc (1,000 ppm), and 33 above 0.5% zinc (5,000 ppm), with the highest 3 values being 10.3%, 14.5% and 24.6% zinc respectively. Nickel anomalies, which correlate well with high zinc values, included 69 samples above 100 ppm Nickel, of which 33 were above 500 ppm including the highest 3 values at 6,142 ppm (0.6% nickel), 5,763 ppm (0.58% nickel) and 5,423 ppm (0.54% nickel). Barium, associated with bedded barite exhalative units, also frames the nickel and zinc anomalies. Precious metal data (gold, silver), for which the analytical unit used in the field has very low thresholds, was not considered in this round of work.

Based on geology, geophysics and surface sampling data, drilling in July will focus on an anomalous gossan rich corridor with in excess of 700 meters of strike length by 100 to 300 meters wide. This main target is overlain by a large, highly anomalous zinc, nickel and barium anomaly, extending some 400 meters by 300 meters at surface and is geologically associated to a large zone of outcropping bedded barite sequence with local width in excess of 22 meters. Further, this main target is underlain by a large zone of conductivity (0-30 Ohm/m) with coincident chargeability (20-50 mV/V), all of which could be coherently explained by an unexposed, metal rich, massive sulphide- bearing productive horizon.

A second anomalous area located to the south and associated with the previously reported Corona and Majestic gossans was also defined. Anomalous nickel and zinc samples were present in a large area related to gossanous deposits and active gossanous seeps over some 200 by 300 meters, with soil values ranging up to 12,000 ppm zinc (1.2% Zn) and 984 ppm nickel (0.09% Ni). While on the edge of the 2012 induced polarization survey and therefore not fully covered by geophysics, notable conductivity and chargeability anomalies are related to these occurrences. Volcanic rocks in float at surface have now been recorded in the southern part of the anomaly, lending further support to the possibility of VMS style mineralization being present on site and being the source of the extensive gossans seen at surface.

The program was conducted by JP Jutras, P.Geol, Dr. Shane Ebert, P.Geo, and Independent Consultant Dr. Dustin Rainey, P.Geo with local support. Dr. Rainey was on site to assist with exploration work as well as acting in the preparation of an independent report to meet the requirements of National Policy 43-101 which is to be submitted to the regulatory authorities by June 30, 2014 as per previous disclosure (NR#14-04, April 15, 2014).

The Company and its partner look forward to our July drilling program, and taking the project to and through the discovery phase.

Quality Control

All soil samples were dried, sieved, and analyzed on site for base metals with a Niton XRF portable analyzer. Duplicate samples, blanks, and certified standards were included in the analyses and then checked to ensure proper quality assurance and quality control. JP Jutras P.Geol., President of the Company, is the Qualified Person for the Guaman project as defined by National Instrument 43-101 and has approved the technical disclosure contained in this news release.

On Behalf of the Board of Directors,

Jean-Pierre Jutras, President/Director

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

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.

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Manson Creek Resources Ltd.

EXPLORATEUR
CODE : MCK.V
ISIN : CA5644491063
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Manson Creek Res. est une société d’exploration minière d'argent et d'or basée au Canada.

Manson Creek Res. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont VIRGIN ARM, BLACK LAKE, MERIDIAN, CR, CUPRUM et PALOMINO au Canada.

Manson Creek Res. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 10,0 millions CA$ (7,6 millions US$, 6,2 millions €).

La valeur de son action a atteint son plus haut niveau récent le 29 juillet 2011 à 1,80 CA$, et son plus bas niveau récent le 15 avril 2016 à 0,01 CA$.

Manson Creek Res. possède 31 250 000 actions en circulation.

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Financements de Manson Creek Resources Ltd.
30/04/2014Closes Financing
02/11/2012Manson Creek Closes First Tranche in Non-Brokered Financing
01/11/2012Closes First Tranche in Non-Brokered Financing
15/10/2012Manson Creek Announces Non-Brokered Financing
15/10/2012Announces Non-Brokered Financing
17/05/2012Manson Creek Completes $106,000 Non-Brokered Financing
17/04/2012Manson Creek Announces Non-Brokered Financing
Nominations de Manson Creek Resources Ltd.
18/06/2012Manson Creek Appoints Interim Chief Financial Officer
Projets de Manson Creek Resources Ltd.
14/11/2013Provides Exploration Update
12/08/2013Closes the Option of the Up Town Gold Project, NWT
24/07/2013Commences Field Work on Grommet Property in Yukon and Approv...
05/11/2012Manson Creek Reports Exploration Underway on Up Town Gold Pr...
25/07/2012Manson Creek Identifies Large Target Beneath =?ISO-8859-1?Q?...
13/06/2012Manson Creek Reports Exploration Underway on Tell Project in...
30/04/2012Manson Creek Provides Up Town Gold Project Update
24/01/2012Manson Creek Acquires Gold Project Adjacentto 7 Million Ounc...
09/01/2012Manson Creek Secures Diamond Drill For Tell Property in Yuko...
22/08/2011Manson Creek Confirms Mineralized Gossans at the Tell Proper...
08/08/2011Manson Creek Completes Diamond Drilling On Virgin Arm Gold P...
25/07/2011Manson Creek Discovers Three New Gossans on Tell Project, Yu...
14/07/2011Manson Creek Commences Diamond Drilling on its Virgin Arm Go...
14/07/2011(Virgin Arm)Commences Diamond Drilling on its Virgin Arm Gold Project
27/06/2011(Cr)Exploration Underway on Manson Creek's Yukon Project
22/06/2011(Cr)Douglas Bryan, Manson Creek Resources Ltd. Director, Passes ...
25/05/2011Trenching Program Underway on Manson Creek's Virgin Arm Gold...
25/05/2011(Virgin Arm)Trenching Program Underway on Manson Creek's Virgin Arm Gold...
05/05/2011(Virgin Arm)Receives 2011 Exploration Permits and Secures Diamond Drill
04/05/2011Manson Creek Receives 2011 Exploration Permits and Secures D...
Communiqués de Presse de Manson Creek Resources Ltd.
14/07/2015Manson Creek Appoints Cornell McDowell as a Director and Pro...
22/12/2014December 12 2014: Manson Creek Terminates Option on Uptown G...
22/12/2014Manson Creek Terminates Option on Uptown Gold Property, NWT
22/09/2014Manson Creek Outlines Large Anomalous Silver-Zinc Intersecti...
20/08/2014Manson Creek Completes Phase 1 Drilling at the Guaman Projec...
23/07/2014Manson Creek Announces Filing of a 43-101 Report on the Guam...
14/07/2014Manson Creek Announces Results of Annual & Special Meeting a...
23/06/2014Manson Creek Completes Phase 1 Program on the Guaman Project...
22/04/2014Manson Creek Resources Ltd.: Completion of Share Consolidati...
15/04/2014Manson Creek Provides a Corporate and Technical Update
10/01/2014Announces Change of Auditor
26/11/2013President and Director Resigns from Manson Creek
12/03/2013Manson Creek Options the Up Town Gold Proj =?ISO-8859-1?Q?ec...
12/03/2013Options the Up Town Gold Project, NWT to Petro-Occidente Cap...
22/01/2013Manson Creek Extends Gold Mineralization at Up Town Gold Pro...
22/01/2013Extends Gold Mineralization at Up Town Gold Project, NWT
14/09/2012Manson Creek Provides Corporate Update
14/09/2012Provides Corporate Update
26/06/2012Manson Creek Finds Widespread High Grade Gold and Silver at ...
24/05/2012Manson Creek Announces Annual Meeting Results
16/04/2012Manson Creek Provides Corporate Update
30/03/2012Manson Creek Extends Warrants
07/09/2011Manson Creek Intersects 5=2E75 g/t Gold Over 1=2E0 Meter at ...
19/07/2011Manson Creek Expands Tell Claim Block, Yukon
19/07/2011Expands Tell Claim Block, Yukon
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