Manson Creek Resources Ltd.
TSX VENTURE : MCK

Manson Creek Resources Ltd.

June 26, 2012 12:01 ET

Manson Creek Finds Widespread High Grade Gold and Silver at Up Town Gold Project

CALGARY, ALBERTA--(Marketwire - June 26, 2012) - Manson Creek Resources Ltd. (TSX VENTURE:MCK) ('Manson Creek') is pleased to announce it has received surface sampling assay results for the Up Town Gold project in the Northwest Territories. The May 2012 exploration program consisted of reconnaissance prospecting and sampling over the core of the 3,388-hectare property. Gold mineralization, often with significant silver mineralization, was found over three kilometers of strike in the Rod, Fox South, J7 and C areas of bedrock exposure.

Mr. Regan Chernish, Company President, reports: "With 22 of the 91 samples taken at Up Town returning gold grades between 1.30 g/t gold to 113.5 g/t gold and silver locally in excess of 100 g/t, there clearly appears to be vast potential at Up Town to begin building larger zones. Proposed focused and low-cost surface work will endeavor to connect the different areas of mineralization that were sampled in the extensive multi-kilometer footprint of related mineralized areas. The extreme ease of access to this project, abundant bedrock exposure, favorable logistics, and location within an area that has geologically been endowed to have already produced 12 million ounces of gold mark this project as an excellent opportunity for further discovery with low cost and low risk exploration profile. We are pleased with these early results, and look forward to advance the project as quickly as possible."

The Rod Area, located on the southwest end of Baker Lake, returned an average gold grade of 22.79 grams/tonne (g/t) in 15 surface samples. Four of the samples also returned silver assays of greater than 100 g/t with the remaining 11 samples averaging 10.21 g/t silver. The samples came from outcropping shears adjacent to the main zone as well as previously trenched material. Previously trenched material was sampled due to the main Rod shear zone being flooded at the time of the program. The Rod showing remains open in all directions and strikes into nearby Baker Lake to the north. (Map of showing locations and property can be found at www.manson.ca)

The Fox South Area, located on the east side of the claim group near the historical Giant mine, returned an average gold grade of 3.06 g/t and 1.52 g/t silver in nine samples of outcrop and historically trenched material. The shears observed ranged in size from one-half meter to three meters in width. This zone strikes for over 250 meters and remains open in all directions.

The J7 Area, part of the larger J Group of showings is found north of Baker Lake, and returned 7.99 g/t gold and 35.56 g/t silver in continuous chip samples over 2.1 meters. This zone remains open along strike. Significant grab samples collected 385 meters to the east in Trench 1 included 3.25, 3.34 and 15.55 g/t gold and 4.80, 3.50, 9.10 g/t silver respectively. The Number 1 vein was sampled with a grab sample and 0.50 meter chip and returned 1.79 g/t and 5.49 g/t gold and 4.10 g/t and 1.40 g/t silver respectively.

Within the C Group Area, situated between the Rod and the Fox South Areas, the C11 shear returned 5.88 g/t gold and 0.98 g/t silver over 0.67 meters. The sample was collected at the north end of the shear before it also strikes into Baker Lake. The only sample collected on a section of the C4 shear graded 1.30 g/t gold and 3.0 g/t silver over 0.4 meters within the larger meter scale shear.

The exploration program successfully demonstrated the extensive gold and silver mineralization on the Up Town Gold property, with the exploration program focused on collecting at least one sample from a number of the laterally extensive shear zones examined. Many of the sampled shear zones strike on surface for hundreds of meters before typically disappearing under cover. Approximately half of the known shear zones on the claim block remain to be examined and sampled in future work programs.

Alteration halos surrounding the mineralized shear zones varied from meter scale to over a hundred meters adjacent to the actual shears. While the glacially smoothed bedrock can prove difficult to sample effectively with hammer and chisel, it is anticipated that follow up work will see extensive testing of the alteration halos utilizing channel samples cut with a portable rock saw.

The Company is extremely pleased with the results of the first round of exploration on the Up Town Gold project in over 50 years. The program revealed significant gold and silver mineralization in areas that extend over 3 kilometers by 2 1/2 kilometers. The Company is excited about the strong mineralization found at the Fox South Area that is located only 700 meters from the contact with the Yellowknife greenstone belt, which hosts the nearby historical Giant and Con gold mines.

Up Town Gold Project Background

The 3,388-hectare Up Town Gold property has five known gold bearing areas hosted in an Archean granodiorite adjacent to the Yellowknife greenstone belt that boasts over 12 million ounces of gold production from the nearby Giant and Con mines. Historic work on the Up Town Gold property, done primarily in the 1960's, focused on narrow quartz filled shears and associated quartz veins while largely ignoring the larger zones of hydrothermally altered host granodiorite. The shear zones, associated fractures and quartz veins vary from millimeter widths to well over 3.0 meters and they commonly are surrounded by a broader alteration halo. The alteration consists of silicification and sericitization with hematite alteration present as well. Mineralization is present at surface with exposures varying between tens to hundreds of meters.

Several of the gold bearing zones on the Up Town Gold property had historical estimates completed in the 1960's with over 2,500 meters of diamond drilling completed. In many of the historic assessment reports there is mention of hydrothermally altered host rock but no systematic sampling was ever conducted on these altered zones.

Analytical Method

Samples were submitted to Acme Labs in Yellowknife, Northwest Territories for analysis with all of the rock samples analyzed using inductively coupled plasma (ICP) together with mass spectrometry (MS) finish. Gold was analyzed by a fire assay preparation with an ICP-ES finish.

The President of Manson Creek Resources Ltd., Regan Chernish P.Geol., is the Qualified Person responsible for the preparation of this news release.

Regan Chernish, P. Geol., President and Director

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.

May 2012 Prospecting Program Significant Assays.

SAMPLE UTME UTMN Location Sample Type Length (m) Description Gold g/t Silver g/t
589703 632063 6932403 Rod Area Trenched Material Grab Shear Zone 113.50 >100
589704 632047 6932354 Rod Area Trenched Material Grab Shear Zone 51.16 >100
53002 631985 6932422 Rod Area Trenched Material Grab Shear Zone 45.01 5.40
52705 632042 6932354 Rod Area Trenched Material Grab Shear Zone 36.17 >100
G0589751 632024 6932396 Rod Area Trenched Material Grab Shear Zone 35.80 >100
G0589753 632014 6932389 Rod Area Trenched Material Grab Shear Zone 26.11 9.20
G0589752 632019 6932394 Rod Area Trenched Material Grab Shear Zone 20.05 89.70
589701 631971 6932362 Rod Area Trenched Material Grab Shear Zone 5.62 3.70
53001 632049 6932492 Rod Area Trenched Material Grab Shear Zone 4.95 2.00
589706 631983 6932424 Rod Area Trenched Material Grab Shear Zone 2.67 1.20
52714 632812 6935190 J 7 Zone Outcrop Chip 2.10 Shear Zone 7.99 35.56
52707 633179 6934963 J Area Trench 1 Outcrop Grab Shear Zone 15.55 9.10
52708 633177 6934964 J Area Trench 1 Outcrop Grab Shear Zone 3.25 4.80
52706 633180 6934953 J Area Trench 1 Trenched Material Grab Shear Zone 3.34 3.50
52710 633184 6934796 J Area Number 1 Vein Outcrop Chip 0.50 Shear Zone 5.49 1.40
53041 633179 6934782 J Area Number 1 Vein Outcrop Grab Shear Zone 1.79 4.10
53052 634412 6932755 Fox South Area Trenched Material Grab Shear Zone 17.77 2.60
52702 634367 6932527 Fox South Area Trenched Material Grab Shear Zone 4.84 4.80
52703 634351 6932544 Fox South Area Trenched Material Grab Shear Zone 1.72 0.90
52726 633311 6932956 C 4 Shear Outcrop Chip 0.40 Shear Zone 1.30 3.00
52729 632495 6932702 C 11 Shear Outcrop Chip 0.67 Shear Zone 5.88 0.98

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

Contact Information

  • Manson Creek
    Regan Chernish
    President and Director
    1.403.233.0464
    www.manson.ca