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.
Manson Creek Resources Ltd.Jean-Pierre
JutrasPresident/Director1.403.233.0464www.manson.ca
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