Manson Creek Discovers 194 g/t Gold at Surface and Intersects 5.94 g/t Gold in Drilling on Meridian Project
Wed Oct 8, 1:01 PM
ca.news.finance.yahoo.com
CALGARY, ALBERTA--(Marketwire - Oct. 8, 2008) - Manson Creek Resources Ltd. (TSX VENTURE: MCK.V) (Manson Creek) is pleased to provide complete sample results for the diamond drill program on the Meridian gold - silver project, located 45 kilometers southeast of Revelstoke, British Columbia.
The drill campaign successfully intersected widespread gold mineralization adjacent to the historic Eva Mine. The seven hole, 1,141 meter (m), program successfully tested 600 m of mineralized strike length adjoining the historic gold producer and confirmed mineralization along a 250 m additional zone that cross cuts the main mineralized trend.
Surface sampling conducted at the time of drilling further demonstrates the widespread mineralization. One grab sample assayed 194.00 g/t gold and 48.10 g/t silver. This sample was collected from an outcrop of sheeted quartz veins within a carbonate altered sediment host located along strike of the Camborne Fault and between drill setups for 08MER-02 and 08MER-03.
Sampling from a 3.0 m exposure of the cross fault between drill setups 08MER-04 and 08MER-05 returned 4.42 g/t gold and 1.40 g/t silver on a 1.0 m continuous chip sample and a grab sample returned 10.6 g/t gold and 4.40 g/t silver from the same location.
Table 1. Meridian Project: Significant Results
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Width Gold Silver
Drill Hole From To (m) Grams/Tonne Grams/Tonne
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08MER-01 84.50 107.50 23.00 0.33 0.23
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Includes 92.00 94.00 2.00 1.29 0.20
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08MER-02 106.10 109.20 3.10 1.13 0.60
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Includes 107.10 109.20 2.10 1.41 0.70
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08MER-02 116.18 118.46 2.28 1.78 0.61
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08MER-02 126.00 130.00 4.00 2.60 0.85
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Includes 129.00 130.00 1.00 5.94 1.70
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04MER-04 19.47 20.47 1.00 3.65 N/A
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04MER-04 87.40 88.40 1.00 1.34 1.20
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04MER-04 89.80 92.96 3.16 1.00 0.96
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04MER-04 110.30 111.30 1.00 1.03 0.70
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04MER-04 116.80 118.87 2.07 1.78 1.05
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Includes 116.80 117.80 1.00 2.46 1.10
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08MER-05 170.51 171.21 0.70 3.60 0.11
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08MER-06 99.52 101.44 1.92 1.60 1.01
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(1) All widths are downhole core length.
Table 2. Significant Surface Sample Results
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Gold Silver
Easting Northing Grams/Tonne Grams/Tonne Sample Details
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455808 5627548 194.00 48.10 Grab Sample: Sheeted quartz
veins in carbonate altered
sediment
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456029 5627092 10.60 4.40 Grab Sample: Silicified fault
zone
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456029 5627092 4.42 1.4 1.0 m Continuous Chip Sample:
Silicified fault zone
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Drill holes 08MER-00 to 08MER-03 were drilled up to 150 m northwest of the historic Eva Mine and each of the holes intersected broad zones of silicification and Siderite-Ankerite-Dolomite (SAD) veining that is believed to represent the large regional scale Camborne Fault system which hosts 86 mineral occurrences.
Drill hole 08MER-04 was collared 300 m to the southeast along strike from the Eva Mine where the Company projected an intersection of the main Camborne Fault with a secondary mineralized fault. This drill hole intersected a portion of the main system at the top of the hole returning 3.65 grams/tonne (g/t) gold over one meter with the hole continuing on to successfully intersect several mineralized intervals in the cross cutting structure. Assays returned 2.46 g/t gold and 1.10 g/t silver over one meter hosted within a broader 2.07 m zone of 1.78 g/t gold and 1.05 g/t silver.
Drill holes 08MER-05 and 08MER-06, drilled off the same set up west of 08MER-04, successfully tested a further 250 m of the mineralized cross fault. Drill hole 08MER-05 ended prematurely in mineralization, grading 3.60 g/t gold and 0.11 g/t silver over 0.70 m, due to hole stability issues. Hole 08MER-06 also intersected significant mineralization including 1.60 g/t gold and 1.01 g/t silver over 1.92 m.
EcoTech Laboratories based in Kamloops, British Columbia performed sample preparation and analysis. The samples are subjected to acid digestion and analysis for specific elements using a combination of inductively coupled plasma (ICP) emission spectrometry methods. Gold assays are done by standard fire assay methods. Laboratory inserted duplicates and standards provided optimum precision and accuracy.
Table 3. Drillhole Location Details (NAD83/11N)
Drill Hole Easting Northing Azimuth Dip Total Depth (m)
---------- ------- -------- ------- --- ---------------
08MER-00(1) 455876 5627643 245 -46 35.00
08MER-01 455876 5627643 238 -46 195.00
08MER-02 455876 5627643 238 -60 198.70
08MER-03 455935 5627568 240 -47 198.10
08MER-04 456225 5627135 230 -47 187.45
08MER-05 455947 5627086 020 -47 171.60
08MER-06 455947 5627086 020 -65 155.91
(1) Hole lost due to hole conditions
Surface sampling and the results of the drill program continue to support the Company's belief that large, widespread mineralization is present on the Meridian Property in proximity to the historic mine workings. Manson Creek is strongly encouraged by the initial drill program that has demonstrated the gold mineralization is pervasive and extends well beyond areas of historical mining. Further drilling will continue to delineate the scale and degree of mineralization as the Company moves the Meridian gold project forward.
Background
Manson Creek has consolidated five historic past producing gold - silver mines on the current, road accessible, 675 hectare claim block. The Meridian Camp was active in the early 1900's but the fragmented land ownership at the time did not allow for growth and the camp faded after only a few years of production.
Gold and silver mineralization on the block is within and proximal to mesothermal quartz veins related to the regional scale Camborne Fault that bisects the Meridian Claim group and hosts many of the historic deposits. Mineralization is also in association with Siderite-Ankerite-Dolomite veins that appear to post-date regional deformation in the area.
The Phase one drilling completed this year is the first drill program to test the proximal areas of this historic mining center.
The President of Manson Creek Resources Ltd., Regan Chernish P.Geol., is the Qualified Person responsible for the design and implementation of the Field Program as well as the preparation of this news release.
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.
Table 4. Mineralized Interval Summary
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From To Width Gold Silver
Drill Hole (m) (m) (m) Grams/Tonne Grams/Tonne
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08MER-01 47.60 49.30 1.70 0.25 N/A
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08MER-01 84.50 107.50 23.00 0.33 0.23
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Includes 84.50 85.50 1.00 0.86 0.40
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Includes 87.50 88.50 1.00 0.99 0.30
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Includes 92.00 94.00 2.00 1.29 0.20
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08MER-01 139.70 140.70 1.00 0.55 0.30
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08MER-01 146.30 148.30 2.00 0.45 0.29
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Includes 146.75 147.70 0.95 0.75 0.39
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08MER-01 149.50 150.25 0.75 0.56 0.20
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08MER-01 151.25 152.95 1.70 0.39 0.18
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08MER-01 158.50 159.50 1.00 0.25 N/A
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08MER-01 174.34 174.84 0.50 0.37 0.40
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08MER-01 181.00 182.00 1.00 0.46 0.30
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08MER-02 40.60 42.60 2.00 0.42 0.20
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08MER-02 97.35 100.30 2.95 0.24 N/A
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08MER-02 106.10 109.20 3.10 1.13 0.60
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Includes 107.10 109.20 2.10 1.41 0.70
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08MER-02 116.18 118.46 2.28 1.78 0.61
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08MER-02 126.00 130.00 4.00 2.60 0.85
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Includes 128.00 130.00 2.00 4.90 1.30
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Includes 129.00 130.00 1.00 5.94 1.70
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08MER-02 152.00 154.00 2.00 0.17 0.55
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08MER-02 186.00 188.00 2.00 0.49 1.00
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08MER-04 19.47 20.47 1.00 3.65 N/A
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08MER-04 87.40 97.20 9.80 0.60 0.79
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Includes 87.40 88.40 1.00 1.34 1.20
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Includes 89.80 92.96 3.16 1.00 0.96
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08MER-04 109.10 112.85 3.75 0.50 0.49
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Includes 110.30 111.30 1.00 1.03 0.70
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08MER-04 116.80 118.87 2.07 1.78 1.05
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Includes 116.80 117.80 1.00 2.46 1.10
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08MER-04 138.68 139.68 1.00 0.26 0.40
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08MER-04 146.81 147.81 1.00 0.50 0.50
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08MER-05 65.55 66.05 0.50 0.40 1.70
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08MER-05 125.82 127.90 2.08 0.27 1.07
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08MER-05 170.51 171.21 0.70 3.60 0.11
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08MER-06 99.52 101.44 1.92 1.60 1.01
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08MER-06 102.55 103.21 0.66 0.67 0.50
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08MER-06 142.85 144.96 2.11 0.21 1.45
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The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.
Contacts
Regan Chernish
Manson Creek Resources Ltd.
President and Director
(403) 233-0464
(403) 266-2606 (FAX)
Website: www.manson.ca |
