Manicouagan Commences Drilling at Dorothy-Dobie Lake Property, Pickle Lake, Ontario
21 October 2009 - 11:00PM
Marketwired
Manicouagan Minerals Inc. (TSX VENTURE: MAM) is pleased to announce
that it has commenced diamond drilling on the Dorothy-Dobie Lake
property in Pickle Lake, Ontario.
The helicopter supported drill program will cost approximately
$800,000 and will consist of a minimum of 8 to 10 diamond drill
holes designed to test selected targets along the 12 kilometre long
Golden Patricia Mine trend including the Dorothy Main and Dobie
Lake Zones. Assays will be released as they become available.
Manicouagan currently holds directly or has under option
approximately 112 square kilometres within the Pickle Lake
Greenstone Belt. The Pickle Lake Greenstone Belt, is part of the
prolific Uchi Geological Sub-province which hosts the Pickle Lake,
Red Lake and Rice Lake gold camps. Production to date, from these
camps has amounted to over 25 million ounces of gold. The Pickle
Lake Greenstone Belt includes four past producing mines: Pickle
Crow (1,450,000 ounces grading 16.1 grams per tonne gold), Central
Patricia (650,000 ounces grading 12.0 grams per tonne gold), Golden
Patricia (450,000 ounces grading 19.9 grams per tonne gold) and
Dona Lake (200,000 ounces grading 8.6 grams per tonne gold).
Manicouagan can earn up to a 70 percent interest in the
Dorothy-Dobie Lake, Kasagiminnis and Pickle Lake East properties
pursuant to an option agreement with Trillium North. (See MAM Press
Release dated April 16, 2009.)
A sketch showing the location of the properties is available at
www.manicouaganminerals.com.
Manicouagan continues to consult with the Cat Lake,
Mishkeegogamang and Slate Falls First Nations with respect to its
activities in the Pickle Lake Area.
Manicouagan's exploration programs in the Pickle Lake area are
being carried out under the direct supervision of Bruce W. Mackie,
P.Geo., a consulting geologist for Manicouagan Minerals. Bruce W.
Mackie, P.Geo., has reviewed and verified the technical content of
this press release on behalf of Manicouagan Minerals and is a
"Qualified Person" as defined in National Instrument 43-101.
About Manicouagan
Manicouagan Minerals Inc. is a Canadian based exploration
company focused on advancing its gold projects in the Pickle Lake
Gold Belt, Ontario. Manicouagan also has a pipeline of commodity
projects including the Brabant Lake Zinc deposit in Saskatchewan,
and the HPM/Forgues Nickel/Copper/Cobalt project in Quebec.
Additional information about Manicouagan Minerals and its
exploration projects can be found at
www.manicouaganminerals.com.
Une traduction francaise de ce communique de presse est
disponible a www.manicouaganminerals.com.
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.
The TSXV has not reviewed this news release and does not accept
responsibility for the adequacy or accuracy of this news release.
The TSXV has neither approved nor disapproved the contents of this
news release.
Contacts: Manicouagan Minerals Inc. Joseph Baylis President and
Chief Executive Officer (416) 542-3980
investorrelations@manicouaganminerals.com
www.manicouaganminerals.com
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