MAM

Manicouagan Minerals Inc. (TSX VENTURE:MAM) is pleased to provide this
exploration update.


Pickle Lake Gold Properties, Ontario - Kasagiminnis Lake Property 

In late July 2011, Manicouagan completed a follow-up diamond drill program on
its Kasagiminnis Lake Project to test for the down-dip extension of the
encouraging results from the drill program carried out in April this year. The
current drill program consisted of five holes KAS-11-10 to 14 totalling 1,095.3
metres. Four holes (KAS-11-11 to 14) all intersected the mineralized zone at
depth. Assay results are expected by the end of August. Hole KAS-11-10 had to be
abandoned due to ground conditions.


The previous drill program consisted of nine holes (KAS-11-01 to 09) totalling
964 metres that were drilled to test a 250 metre interval along the 1,300 metre
long gold bearing zone. Assay results reported included 6.60 g/t over 7.9 metres
in hole KAS-11-04 (see MAM Press Release dated June 1, 2011 for all the
results).


Pickle Lake Gold Properties, Ontario - 100% Owned Properties

On August 2, 2011 Manicouagan optioned two (2) of its 100% owned claim blocks to
Tri Origin Exploration Ltd. ("Tri Origin"). Tri Origin can earn up to a 51%
interest in the properties by making certain work and cash commitments over a
three year period. The two optioned claims are located in the central portion of
Tri Origin's 50 square kilometre Sky Lake property that is located several
kilometres west of Manicouagan's Kasagiminnis Lake Property. 


To date, Tri Origin has conducted preliminary geochemical and geological
programs on the Sky Lake Property and will continue to delineate drill targets
in preparation for drilling programs anticipated to be conducted later this
year.


Manicouagan holds directly, or under option, approximately 132 square kilometres
within the Pickle Lake Greenstone Belt consisting of 11 properties. 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. 


Mouchalagane Nickel, Copper, Platinum Group Metals Project, Quebec

In the second quarter of 2011, the Company retained GeophysicsOne Inc. to
re-interpret the AeroTEM airborne magnetic and EM survey of the main
Mouchalagane claim group to identify any untested nickel/copper/platinum group
targets that had not been previously identified and/or tested.


New results from this work included a 3D model of the magnetic data,
re-interpretation of the AeroTEM data to eliminate spurious anomalies and the
production of vertical derivative images for the magnetics to improve the
responses from near surface magnetic anomalies.


Eleven new targets were identified, six of which are being followed-up in a
prospecting/trenching program that commenced in early August. This work is being
carried out by IOS Services Geoscientifiques Inc. of Saguenay, Quebec and is
expected to be completed by the end of August.


Brabant Lake Zinc Project, Saskatchewan

In early 2011, a 560 line kilometre helicopter Versatile Time Domain Electro
Magnetic ("VTEM") survey with 100 metre flight line spacing was flown over the
Brabant Lake Property, which covers approximately 15 kilometres of the
favourable horizon and approximately 28 square kilometres. 


Scott Hogg and Associates have carried out a preliminary interpretation of the
airborne results. They identified 16 anomalies for follow-up investigation,
which Manicouagan is now reviewing. A sketch showing the current land position
and the current resource estimate for the Brabant Lake Zinc deposit are
available for review at www.manicouaganminerals.com.


Qualified Person 

Exploration programs on Manicouagan's Pickle Lake Gold Projects are carried out
under the supervision of Mr. Bruce W. Mackie, P.Geo. Mr. Mackie, a professional
geologist, 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.


Exploration programs on the Mouchalagane Property are being carried out under
the direct supervision of Jean-Paul Barrette, P.Geo., Geologist for IOS Services
Geoscientifiques Inc. Jean-Paul Barrette, 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 Mouchalagane Nickel/Copper/PGE and HPM/Forgues
Nickel/Copper/Cobalt projects in Quebec. 


Additional information about Manicouagan 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. 


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.

(TSXV:MAM)
Historical Stock Chart
From May 2024 to Jun 2024

(TSXV:MAM)
Historical Stock Chart
From Jun 2023 to Jun 2024