Manson Creek Resources Ltd.
TSX VENTURE : MCK

Manson Creek Resources Ltd.

July 09, 2008 11:56 ET

Manson Creek Resources Ltd.: Molygarchy Molybdenum Project- Geophysical and Geological Program Completed

CALGARY, ALBERTA--(Marketwire - July 9, 2008) - Manson Creek Resources Ltd. (TSX VENTURE:MCK) ('Manson Creek') is pleased to announce the conclusion of the geophysical and geological program on its Molygarchy molybdenum project, located 40 kilometers northeast of Whitehorse, Yukon.

The program delineated a magnetic low anomaly in excess of 1,500 meters (m) that is coincident with mineralization observed to date at surface. The expanded magnetic anomaly extends along strike to the northwest of the previously known mineralization, with much of the new area under shallow cover and scree. A detailed soil sampling program also covered the anomaly to evaluate the potential of the expanded zone.

The Molygarchy mineralization of molybdenum with lesser copper and silver is associated with zones of hematite-altered granodiorite. The zone of mineralized outcrop is coincident with a magnetic low anomaly that was the focus of the recently completed exploration.

The program included 19.8 line kilometers (km) of magnetic and 6 line km of Induced Polarization (IP) geophysical surveys. Additionally 297 soil samples were collected on 25 m stations on 100 m spaced lines across the expanded magnetic anomaly. Regional and focused geological mapping and sampling was completed in the course of the program, with twenty-nine rock samples collected from new and existing mineralized outcrop and float.

The Company is strongly encouraged by the extensive footprint associated with known high grade molybdenum showings. Manson Creek personnel are currently completing a detailed interpretation of the geological and geophysical data that will be integrated with the soil sample results when they are available.

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 m apart with abundant mineralized float occurring in the intervening overburden covered area. The main showing has mineralization exposed for over 50 m.

All of the rock and soil samples were shipped to the EcoTech Laboratory, located in Kamloops, British Columbia, for assay analysis.

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
    President and Director
    (403) 233-0464
    Website: www.manson.ca