Manicouagan Minerals Inc.

Manicouagan Minerals Inc.

February 13, 2007 13:07 ET

Manicouagan Minerals Extends Nickel/pgm Discovery - Channel Samples Return Up to 2.98% Nickel Over 1.67 Metres - 293 Additional Claims Staked

TORONTO, ONTARIO--(CCNMatthews - Feb. 13, 2007) -

Attention Business Editors:

Manicouagan Minerals Inc. (TSX VENTURE:MAM) announced today additional channel sample results from the Company's Mouchalagane property situated approximately 350 km north of Baie Comeau in northern Quebec.

The Bob East showing, located 45 metres grid east of the main Bob showing, returned outstanding assay results further substantiating the significance of the Bob showing and emphasizing the importance of nearby electromagnetic conductors as priority drill targets. The best nickel assay in terms of absolute value is sample 39821 from channel sample Bob East 8 which assayed 2.98% nickel, 0.18% copper, 5.82 grams per tonne palladium and
3.04 grams per tonne platinum over 1.67 m. Bob East channel sample results are set out in the table below.

Channel No. Palladium Platinum Copper Nickel Cumulative
grams/tonne grams/tonne % % Length (m)
Bob East 2 5.83 2.43 0.62 2.09 2.00
Bob East 3A 6.40 2.72 0.13 2.27 0.85
Bob East 3B 8.37 2.16 0.77 1.84 0.50
Bob East 4 11.60 2.25 1.95 2.26 1.20
Bob East 4 3.49 1.30 0.85 1.08 1.90
Bob East 5 5.08 1.33 2.22 1.32 2.50
Bob East 6 4.79 1.20 0.25 1.18 1.19
Bob East 7 1.55 0.42 0.10 0.50 0.90
Bob East 8 5.82 3.04 0.18 2.98 1.67
Bob East 9 7.89 2.69 0.66 2.41 3.10

Channel sample results for the Feu, Dernier Chance and the Corbeau showings are also available and all results have been incorporated into an updated channel sample assay table found on the Company's website together with an updated property map and detailed geological maps of the showings.

As previously reported on December 7th, 2006 the Bob showing is directly associated with two, east striking short strike length EM conductors which in themselves constitute attractive drill targets. Most significantly a strong
1st priority east striking, 400 m long EM conductor is situated just 200 m south of the Bob showing and a number of other conductors of similar strike length are extant within the grid area. Tenders from diamond drill contractors have been requested with the intention of work commencing in the late spring of 2007.

In addition to the planned diamond drilling program the Company plans to conduct detailed exploration in the immediate vicinity of the existing grid area on the Mouchalagane property as well as reconnaissance exploration on
recently acquired mining claims.

Land Position Expanded

In light of the significant results obtained to date Manicouagan has expanded its land holdings in the area by map staking (titles pending) an additional 205 claims (10,818.71 hectares) mainly along strike over what is considered to be favorable magnetic stratigraphy. Current project land holdings, including recently map staked claims, are 293 claims (15,463.80 hectares).

Exploration programs at Mouchalagane are carried out under the supervision of Rod Thomas, Vice President - Exploration of the Company. Mr. Thomas, a professional geologist, has reviewed and verified the technical
content of this press release on behalf of Manicouagan Minerals and qualifies under the definition of "Qualified Person" set out in National Instrument 43- 101. Gold, Platinum and Palladium concentrations are determined by fire
assay using a 30 gram split mixed with fire assay fluxes and fused at 1050:C for one hour. After cooling the lead button is separated from the slag and cupelled at 1000degreesC to recover the silver (doré bead) plus gold, platinum and palladium. The silver doré bead is digested in hot (95degreesC) nitric and hydrochoric acid. After cooling for 2 hours the sample solution is analyzed for gold, platinum and palladium by ICP-MS. Nickel, copper and cobalt concentrations are first determined by ICP-MS initially using a four acid digestion beginning with hydrofluoric, followed by a mixture of nitric and perchloric acids. Samples are subsequently dried and brought back into solution using hydrochloric acid before analysis by ICP-MS. In those samples where any one of the nickel, copper or cobalt concentrations as determined by ICP-MS exceed 10,000 parts per million (equivalent to 1%) samples are assayed for nickel, copper and cobalt by using a 0.5 gram sample digested in aqua regia and analysed using ICP/OES. Analytical services are provided by Activation Laboratories of Ancaster, Ontario a full description of the laboratories analytical procedures may be viewed on their website at

Additional information about Manicouagan Minerals and the Company's other projects can be found at

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.

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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.

Contact Information

  • Joseph Baylis
    President and Chief Executive Officer