Manson Creek Resources Ltd.

Manson Creek Resources Ltd.

June 11, 2008 14:24 ET

Manson Creek Resources Ltd.: Molygarchy Molybdenum Project Exploration Underway

CALGARY, ALBERTA--(Marketwire - June 11, 2008) - Manson Creek Resources Ltd. ("Manson Creek") (TSX VENTURE:MCK) is pleased to announce the mobilization of geophysical and sampling crews to the Molygarchy molybdenum project, located 40 kilometers northeast of Whitehorse, Yukon.

The current phase of work on the Molygarchy project is intended to evaluate the size potential of the recently discovered occurrence and outline areas of interest to be trenched and/or drilled. The open ended trend of molybdenum with lesser copper and silver mineralization is associated with a hematite altered granodiorite. This mineralized trend will be the examined in detail with magnetic and Induced Polarization (IP) geophysical surveys. Detailed geological mapping, prospecting and geochemical surveys will follow up on the outlined prospective zones.

Meridian Gold - Silver Project Update

The diamond drill program is well underway with the first three drill holes completed. The drill program is targeting zones proximal to the historic workings of the Eva Mine, located 45 kilometers southeast of Revelstoke, British Columbia. Structures and associated quartz veins mined historically have been intersected during the current program. Samples from the first hole are currently at the laboratory. The Company believes that the potential for significant mineralization is high in zones along strike and below the limited historic mine workings. Drilling will continue until the end of the month.

Molygarchy Background

The 732 hectare Molygarchy property, located proximal to infrastructure and roads, hosts disseminated fine to coarse crystalline molybdenum mineralization in a strongly altered granitic intrusive.

Sampling conducted at the time of the discovery included 72 rock samples with the highest reported assay being 0.440% molybdenum (Mo). Nine samples returned values greater than 0.100% Mo and thirty-six samples returned assays of greater than 0.010% Mo.

The two discovery showings are located 360 meters apart with abundant mineralized float occurring in the intervening overburden covered area. The main showing has mineralization exposed for over 50 meters. Ground magnetic surveys conducted over the mineralized trend have defined an open-ended magnetic low in association with the mineralization.

The Qualified Person responsible for the design and implementation of the Field Program as well as the preparation of this news release was the President of the Company, Regan Chernish, P.Geol.

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 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, P. Geol.
    President and Director
    (403) 233-0464
    (403) 266-2606 (FAX)