Manson Creek Confirms Mineralized Gossans at the Tell Property, Yukon
August 22 2011 - 9:00AM
Marketwired Canada
Manson Creek Resources Ltd. (TSX VENTURE:MCK) ('Manson Creek') is pleased to
announce geochemical results confirming that the Crystal Springs, Ash Springs
and Area 51 natural spring gossan discoveries on the Company's Tell property are
strongly mineralized. In addition, recent follow up work on these gossans has
led to the discovery of three additional natural spring gossans; Majestic,
Corona and Roswell. Results from property wide stream sampling conducted earlier
this year have outlined two new, previously unknown, geochemical anomalies that
have a similar geochemical signature to the Tell gossan. Manson Creek's Tell
property is located immediately south of ATAC Resources Ltd. Rau claims, in the
Yukon, and the presence of mineralized gossans is considered very significant as
the ATAC Ocelot discovery was made by targeting a natural spring surface gossan
with associated strongly anomalous zinc and lead sample results.
Analysis of the samples from the Crystal Springs, Ash Springs, and Area 51
gossan discoveries emphasizes the highly mineralized nature of these zones
(Table 1). The soil/silt sample assays returned ranges of 5,792 parts per
million (ppm) zinc to greater than 24,500 ppm zinc, 164 ppm to greater than
1,000 ppm nickel, and corresponding highly anomalous arsenic and other
pathfinder element values. Three rock samples taken at Ash Springs of lithified,
laminated iron rich gossan material returned zinc assays from 19,700 ppm to
27,500 ppm zinc and 0.6 to 1.0 grams per tonne (g/t) silver with high gold
pathfinder element values. The silver is considered significant as this is the
first time precious metals have been detected in the natural spring gossans.
Table 1. Selected Gossan Sample Results
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Location Type and
Number of Nickel Silver Arsenic
Samples Zinc (ppm) (ppm) (g/t) (ppm)
----------------------------------------------------------------------------
Crystal Springs 5 Soil 6,005 to 245 to 883 - 4.0 to 110
Samples 10,700
----------------------------------------------------------------------------
Ash Springs 3 Soil/silt 10,800 to 425 to - 114 to 358
samples 24,500 greater
than 1,000
----------------------------------------------------------------------------
Ash Springs 3 Rock 19,700 to 1,056 to 0.6 to 10 to 25
Samples 27,500 1,591 1.0
----------------------------------------------------------------------------
Area 51 2 Soil/silt 5,792 to 164 to 734 - 1,149 to
samples 7,315 1,654
----------------------------------------------------------------------------
(i)Majestic 7 Soil 12,500 to 808 to 0.1 to 18 to 33
samples 17,700 greater 0.2
than 1,000
----------------------------------------------------------------------------
(i)Corona 1 Soil sample 15,600 973 0.1 31
----------------------------------------------------------------------------
Tell zone 1 Soil/silt 49,600 2,560 0.2 16
(Historical sample
sampling)
----------------------------------------------------------------------------
Tell zone 5 Rock 15,700 to 401 to 526 - 8 to 25
(Historical samples 24,900
sampling)
----------------------------------------------------------------------------
(i)New Discovery
Two older, inactive mineral spring gossans were identified in the July program
but it was decided to await assay data to confirm the occurances. Two of the new
zones, Majestic and Corona are 450 meters to the south of the Tell kill zone.
The sample data reveals that the Majestic zone contains extremely high zinc
values with all seven samples greater than 10,000 ppm zinc. Nickel values are
also correspondingly high with two samples reporting over 800 ppm nickel and
five samples assaying greater than 1,000 ppm nickel. The Corona gossan returned
15,600 ppm zinc and 973 ppm nickel.
The most recent discovery, the Roswell natural spring gossan, is located between
the Ash Springs zone and Area 51 zone along a 600 meter roughly east west linear
trend. During the recent field examination of the Ash Springs and Area 51 zones
a number of samples were collected from the Roswell zone with the results
pending. The discovery of three additional natural spring gossans brings the
current total of known gossans on the Tell Property to seven.
Two regional geochemical anomalies have been identified by the property wide
stream sampling program Area 15 and Area 13. Each of the anomalies represents a
zone of anomalous multi-element values that are remarkably similar to the Tell
area gossan discoveries. Area 13 is located approximately 2 kilometers to the
west of the Tell Zone with Area 15 located 4 kilometers along strike to the west
of the Tell Zone.
Tell Project Background
Manson Creek geologists, prospecting in the area of the original Tell natural
spring gossan and vegetation kill zone, have now discovered six new, well
developed active and previously active natural spring gossans; Crystal Springs,
Ash Springs, Area 51, Roswell, Majestic and Corona. The new discoveries extend
over an area 600 meters roughly east-west, from the large Tell Zone and 450
meters north-south. Many of the gossans contain numerous active and previously
active spring vents.
Soil and rock samples collected from the Tell Zone, Crystal Springs, Ash
Springs, Area 51, Majestic and Corona zones have returned highly anomalous zinc,
nickel, lead, arsenic and numerous other gold pathfinder element values. Results
from the Roswell discovery are pending. Property-wide stream sampling has
outlined two additional, regional geochemical anomalies Area 13 and Area 15.
Manson Creek believes the seven Tell property gossans to be of extreme
significance due to the number of successful drill discoveries made on similar
gossans in the region. ATAC Resources Ltd.'s Ocelot discovery was made by
targeting an undrilled natural spring surface gossan with associated strongly
anomalous zinc and lead sample results. Like the Ocelot zone, the seven Tell
property gossans are located near regional carbonate units within structurally
complex geology in and proximal to the Rackla gold belt. The seven Tell property
gossans have never been drill tested and each bears similarities to the Ocelot
mineralized occurrence announced by ATAC.
The President of Manson Creek Resources Ltd., Regan Chernish P.Geol., is the
Qualified Person responsible for the design and implementation of the Field
Programs as well as 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.
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