Manson Creek Provides Exploration Update for Virgin Arm Gold Project
October 20 2011 - 9:00AM
Marketwired
Manson Creek Resources Ltd. (TSX VENTURE:MCK) ('Manson Creek') is
pleased to announce an overall average increase of 47.2% in gold
grades in a selected sample set of Virgin Arm drill core samples
that were re-analyzed using metallic screen analysis.
The 2011 Virgin Arm drill program results summarized in Press
Release 11-12, September 7, 2011 demonstrated the high variability
of the gold grades in the mineralized lithology. It is believed
that this is due in part to the nuggety nature of the gold present
on the property. Metallic screen analysis has proven to be
effective in determining a representative grade for samples tested
which contain nuggety coarse free gold. A 30 sample test group of
previously fire assayed core samples was selected for re-assay
using the metallic screen analysis.
The selected samples (from drill holes 2011-Ho 04, 2011-Ho 05
and 2011-Ha 07) are generally adjacent to previously announced
intervals of 1.0 gram/tonne (g/t) gold to greater than 5 g/t gold.
The re-assayed intervals are lithologically identical to the higher
grade intervals as well as having the same style and degree of
alteration of those zones yet the fire assay gold values appeared
anomalously low by contrast.
The results of the re-assay averaged an overall increase of
47.2% in gold grades, specifically, 21 of the 30 samples returned
an 88.9% increase in gold grades with the remaining 9 samples
returning a decrease of 50.2% in gold grades. Along with the
increase in gold grades a number of significantly mineralized
intervals begin to emerge (Table 1).
One example of the increase is seen in 2011-Ho 05 where the
updated gold assays have increased to 1.66 g/t gold from 1.46 g/t
gold over the same 3.5 m interval and a significantly extended
interval has emerged which averages 1.30 g/t gold over 5.5 m. Drill
hole 2011-Ho 04 increased from 0.52 g/t gold to 0.77 g/t gold over
3 m. New assay values now show a 9.0 m interval of 1.04 g/t gold in
hole 2011-Ho 04. The Company is greatly encouraged by the recent
results with subsequent increase in gold grades and is pleased with
the progression of the Virgin Arm project to date, from initial
mineralized gold outcrop work to the identification of a large gold
mineralized system.
Background
Gold has been identified in a mineralized corridor of 4.2
kilometers by up to 800 meters on the Virgin Arm property defined
by trenching and diamond drilling. The Virgin Arm gold property is
an excellent target for significant new gold resources with high
grade gold values to 10.07 g/t found 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 and that there is potential for the discovery
of a large, bulk tonnage style gold mineralized system.
Table 1. Select September 7, 2011 Results with Select Metallic Screen
Results
----------------------------------------------------------------------------
Hole Number From (m) To (m) Interval (m) Gold (g/t) Assay Source
----------------------------------------------------------------------------
2011-Ho 05 54.0 55.0 1.0 5.75 September 7 Release
----------------------------------------------------------------------------
And 92.0 95.5 3.5 1.46 September 7 Release
----------------------------------------------------------------------------
And 102.8 107.6 4.8 0.66 September 7 Release
----------------------------------------------------------------------------
----------------------------------------------------------------------------
2011-Ho 05 52.0 58.0 6.0 1.15 Metallic Screen
----------------------------------------------------------------------------
Including 52.0 55.0 3.0 2.27 Metallic Screen
----------------------------------------------------------------------------
And 90.0 95.5 5.5 1.30 Metallic Screen
----------------------------------------------------------------------------
Including 92.0 95.5 3.5 1.66 Metallic Screen
----------------------------------------------------------------------------
And 102.8 107.6 4.8 0.71 Metallic Screen
----------------------------------------------------------------------------
----------------------------------------------------------------------------
2011-Ho 04 26.7 29.7 3.0 0.52 September 7 Release
----------------------------------------------------------------------------
2011-Ho 04 26.7 29.7 3.0 0.77 Metallic Screen
----------------------------------------------------------------------------
And 26.7 35.7 9.0 1.04 Metallic Screen
----------------------------------------------------------------------------
(i)Samples from holes 01, 02, 03 and 06 were not included in the initial
batch of metallic screen work.
Total pulp metallic analysis
Total pulp metallic analysis involves crushing the entire sample
to -10 mesh and pulverizing 95% -150 mesh. The total sample is then
weighed and screened to 150 mesh. The +150 mesh fraction is fire
assayed for gold, and a 30 gram sample of the -150 mesh fraction is
fire assayed for gold. A calculated weighted average of the total
gold in the sample is then calculated.
The NQ sized drill core samples were delivered to Eastern
Analytical Ltd. in Springdale, Newfoundland for analysis. The
original assay work had gold assayed by standard fire assay methods
with 30 additional elements analyzed by Induced Coupled Plasma
(ICP). Duplicates and blanks were inserted in the sample order to
ensure optimum precision and accuracy.
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
The TSX Venture Exchange has neither approved nor disapproved of
the contents of this press release.
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.
Contacts: Manson Creek Resources Ltd. Regan Chernish
1.403.233.0464www.manson.ca
Manson Creek Resources Ltd. (TSXV:MCK)
Historical Stock Chart
From Jun 2024 to Jul 2024
Manson Creek Resources Ltd. (TSXV:MCK)
Historical Stock Chart
From Jul 2023 to Jul 2024