Manson Creek Resources Ltd.

Manson Creek Resources Ltd.

June 23, 2014 09:00 ET

Manson Creek Completes Phase 1 Program on the Guaman Project, Yukon

CALGARY, ALBERTA--(Marketwired - June 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.

Contact Information

  • Manson Creek Resources Ltd.
    Jean-Pierre Jutras