Manson Creek Resources Ltd.

Manson Creek Resources Ltd.

July 17, 2007 17:03 ET

Manson Creek Announces Drilling Underway on Black Lake Uranium Project

CALGARY, ALBERTA--(Marketwire - July 17, 2007) - Manson Creek Resources Ltd. ('Manson Creek') (TSX VENTURE:MCK) is pleased to announce the commencement of the diamond drill program on its Black Lake uranium property, located in northern Saskatchewan.

The 2,000 meter helicopter supported diamond drill program will test two significant target areas, the A Zone and the Charlebois Lake Zone, outlined in the Phase One program completed in May.

Drilling is in progress on the A Zone, a 200 by 250 meter area containing significant volumes of radioactive pegmatite. Outcrop grab samples have returned assay values of 0.108 to 0.589% U3O8. The pegmatites within this area locally contain abundant molybdenum (Mo) with assay values ranging from 0.077% to 0.302% Mo.

Once drilling is complete on the A Zone, the drill will mobilize to the Charlebois Lake Zone, a radiometric anomaly with a strike length in excess of two kilometers. Numerous mineralized pegmatites, identified during the Phase One work program, display widths in the order of a meter to tens of meters. Outcrop samples returned assay values of 0.001% to 0.090% U3O8.

The Company continues to develop the Black Lake project which it believes represents an under explored for deposit model in Canada. The Rossing uranium deposit in Namibia best exemplifies this bulk tonnage style uranium deposit. Rossing, the 5th largest uranium mine in the world, supplies 8% of the world's production.

Regan Chernish, P. Geol., President and Director

All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the potential extent of mineralization and reserves, exploration results and future plans and objectives of Manson Creek Resources Ltd. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof and the need for adequate financing for future exploration and development efforts. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

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

Contact Information

  • Manson Creek Resources Ltd.
    Regan Chernish
    President and Director
    (403) 233-0464