Manicouagan Minerals Announces Encouraging Initial Drill Results from Its Dorothy-Dobie Lake Property
January 06 2010 - 7:13AM
Marketwired Canada
Manicouagan Minerals Inc. (TSX VENTURE:MAM) is pleased to report initial assay
results from its Dorothy-Dobie Lake Property located in the Pickle Lake area, in
northwest Ontario.
Manicouagan recently completed a sixteen hole (2,292 metre) diamond drilling
program on its Dorothy-Dobie Lake Property. Seven holes (DOR-09-01 to 07) were
drilled on the Dorothy Main Zone while nine holes (DOB-09-08 to 16) tested the
Dobie Zone (see MAM Press Release dated November 18, 2009).
DOROTHY MAIN ZONE
The Dorothy Main Zone consists of a zone of quartz-tourmaline veining hosted by
an altered and deformed diorite that has been traced by previous operators over
a length of 700 metres and remains open at depth and along strike.
All seven holes drilled by MAM encountered a 2-4 metre wide (true width) zone,
at a depth of 50-100 metres, of greater than 20% quartz-tourmaline veining
within a sheared metadiorite (2-5% pyrite). This mineralization occurs within a
broader zone (20-30 metres) of altered diorite (1-2% pyrite) containing about 5%
quartz tourmaline veins and stockworks.
To date, complete assay results have been received from five of the seven holes
drilled on the Dorothy Main Zone. A summary of the significant results received
to date is given in the table below.
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Dorothy Main Zone
Summary of Significant Intersections
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Hole From (m) To (m) Length (m) Au gpt
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DOR-09-01 59.5 62.5 3.0 2.88
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DOR-09-02 81.7 82.2 0.5 5.09
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DOR-09-03 Assays pending
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DOR-09-04 no significant values
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DOR-09-05 53.5 55.3 1.8 5.15
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DOR-09-06 74.0 75.0 1.0 7.49
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DOR-09-07 Assays pending
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Note: true widths are currently estimated at 60-85% of drilled widths
DOBIE ZONE
At the Dobie Zone gold mineralization is reported to be associated with sulphide
(pyrite) mineralization within a 10-25 metre wide zone of silicification hosted
within mafic volcanics. All nine holes drilled by Manicouagan encountered this
favourable alteration package over a strike length of approximately 380 metres
and to a depth of 150 metres.
To date, complete assay results have been received for only one of the nine
holes - DOB-09-12 drilled on the Dobie Zone. Partial assay results have been
received for holes DOB-09-10 and 13.
Diamond drill hole DOB-09-12 intersected 10.4 metres grading 1.86 gpt gold
including 1.2 metres grading 4.92 gpt gold and 1.4 metres grading 4.62 gpt gold.
Assay results received to date show that the favourable alteration package which
hosts DOB-09-13 contains elevated gold values across its entire width of 46.4
metres (approximately 30 metres true width) averaging 0.73 gpt gold.
Significant results to date are given in the table below.
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Dobie Zone
Summary of Significant Intersections
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Hole From (m) To (m) Length (m) Au gpt
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DOB-09-08 Assays pending
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DOB-09-09 Assays pending
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DOB-09-010(i) 92.7 95.4 2.7 5.65
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DOB-09-011 Assays pending
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DOB-09-012 35.0 45.4 10.4 1.86
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Incl. 38.8 40.0 1.2 4.92
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and 44.0 45.4 1.4 4.62
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DOB-09-013(i) 49.0 66.6 17.6 1.31
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Incl. 49.0 50.0 1.0 6.27
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and 62.6 64.6 2.0 4.34
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DOB-09-014 Assays pending
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DOB-09-015 Assays pending
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DOB-09-016 Assays pending
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Note: true widths are currently estimated at 60-85% of drilled widths
(i) only partial assays received to date
The Dorothy-Dobie Lake Property consists of a contiguous block of 19 staked
claims totalling 31.72 square kilometres. The property ties onto the western
boundary of the historical Golden Patricia Mine property (which produced 0.45
million ounces at 19.9 gpt gold) and extends for approximately 12 kilometres to
the northwest covering the projected strike extension of the favourable gold
bearing structure - the Golden Patricia Mine Trend.
Manicouagan can earn up to a 70 percent interest in the Dorothy-Dobie Lake,
Kasagiminnis and Pickle Lake East properties pursuant to an option agreement
with Trillium North. (See MAM Press Release dated April 16, 2009.)
Complete assay results for all of the drill holes completed are not expected to
be available for another two to three weeks. Longitudinal sketches for the Dobie
and Dorothy Main Zones are attached and are also available at
www.manicouaganminerals.com.
To view figure 1 of the Main Zone, please visit the following link:
http://media3.marketwire.com/docs/MAMMS.pdf
To view figure 2 of the Dobie Zone, please visit the following link:
http://media3.marketwire.com/docs/MAMDZ.pdf
Manicouagan's President and CEO, Joseph Baylis stated, "The partial drill
results received to date from this "first pass" drill program on the
Dorothy-Dobie Property are encouraging. During 2009, we assembled a significant
land package in the Pickle Lake area of 132.3 square kilometres in a proven, but
underexplored gold mining camp that continues to offer the potential for new
discoveries".
Pickle Lake East Property
In December 2009 Manicouagan completed an I.P. Resistivity Survey to identify
prospective anomalies on the western portion of its Pickle Lake East Property
where the Pickle Crow - Central Patricia Gold Mine trend crosses onto the
property. Results are pending.
Sample Preparation, Analyses and Security
The assay and sample information as well as geological descriptions are taken
from drill logs as prepared by the project geologists for the drill program. All
drill cores are NQ in size and assays are completed on split or sawed
half-cores, with the second half of the core kept for future reference. The
samples are put into rice bags which are sealed with security locks for shipping
directly to Accurassay Laboratories, an accredited assay laboratory, in Thunder
Bay, Ontario. The samples are analysed using standard fire assay procedures with
an AA/ICP finish. Assay results greater than 1.00 gram per tonne are rerun using
a gravimetric finish. In addition to the standard quality control of the
laboratory, a series of blanks and standards are inserted in every shipment for
quality control purposes.
Qualified Person
Exploration programs on Manicouagan's Pickle Lake Gold Projects are carried out
under the supervision of Mr. Bruce W. Mackie, P. Geo., Mr. Mackie, a
professional geologist, has reviewed and verified the technical content of the
information contained in this release and qualifies under the definition of
"Qualified Person" set out in National Instrument 43-101.
About Manicouagan
Manicouagan Minerals Inc. is a Canadian based exploration company focused on
advancing its gold projects in the Pickle Lake Gold Belt, Ontario. Manicouagan
also has a pipeline of commodity projects including the Brabant Lake Zinc
deposit in Saskatchewan, and the HPM/Forgues Nickel/Copper/Cobalt project in
Quebec.
Additional information about Manicouagan and its exploration projects can be
found at www.manicouaganminerals.com.
Une traduction francaise de ce communique de presse est disponible a
www.manicouaganminerals.com.
Forward Looking Statements
All statements other than statements of historical fact, included in this
release, including, without limitation, statements regarding potential
mineralization and reserves, exploration results, and future plans and
objectives of the Company, are forward-looking statements that involve various
risks and uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Important factors that
could cause actual results to differ materially from the Company's expectations
are exploration risks detailed herein and from time to time in the filings made
by the Company with securities regulators.