Manson Creek Resources Ltd.
TSX VENTURE : MCK

Manson Creek Resources Ltd.

May 04, 2011 12:07 ET

Manson Creek Receives 2011 Exploration Permits and Secures Diamond Drill

CALGARY, ALBERTA--(Marketwire - May 4, 2011) - Manson Creek Resources Ltd. (TSX VENTURE:MCK) ('Manson Creek') is pleased to announce that it has received the necessary exploration permits, and confirmed a diamond drill contractor, for the 2011 exploration program on the Company's Virgin Arm gold property in Newfoundland.

The 2011 exploration program includes property scale soil geochemical sampling, 1,000 to 1,500 meters of diamond drilling, additional trenching, mapping and surface sampling. Trenching will target the Hank and Homer zones (both zones are open along strike) as well as the recently announced Discovery Ridge zone hosting new gold occurrences found in late 2010. The goal of the widespread exploration program is to expand, in detail, the known gold zones in the northern half of the property.

Soil sampling is expected to wrap up shortly with mechanized trenching, mapping and surface sampling anticipated to begin in several weeks. Diamond drilling will follow up on results of the trenching as well as testing the highly prospective Hank and Homer zones at depth. The drilling is scheduled to begin in mid July.

Virgin Arm Background

Gold has been found in a mineralized corridor of 4.2 kilometers by up to 800 meters on the road accessible Virgin Arm property in three trenched zones; Hank, Homer, and Barney, as well as the new Discovery Ridge area. Each of these zones is an excellent target for significant new gold resources. Samples to date have produced high grade gold values to 10.07 grams per tonne hosted within zones of lower grade gold mineralization. The Company has demonstrated that a widespread, previously unrecognized, gold system is present at the Virgin Arm property on which there is excellent potential for the discovery of a large, bulk tonnage style gold deposit.

Options

Manson Creek has granted Stock Options under its Stock Option Plan to a consultant to purchase up to 25,000 common shares at an exercise price of $0.10 per share for a period of three years.

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.

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
    www.manson.ca