Manson Creek Resources Ltd.: New Discovery of 5.64 Grams Per Tonne Gold Extends Fox South Zone on Up Town Gold Property
December 13 2012 - 8:00AM
Marketwired Canada
Manson Creek Resources Ltd. (TSX VENTURE:MCK) ('Manson Creek') is pleased to
announce the receipt of the remaining channel sample results from the fall
exploration program on the Up Town Gold project in the Northwest Territories.
The Company is encouraged with the Fox South sample results that outline an
open-ended shear and alteration zone extending for over 470 meters. The
widespread gold and silver mineralization occurs in the shadow of the historic
Giant gold mine, located just 1.5 kilometers to the east. A map of sample
locations is on the Company's web site at www.manson.ca.
The Fox South sampling entailed approximately 55 meters of continuous channel
sampling that collected 65 representative samples and five additional chip and
grab samples of four newly discovered mineralized occurrences south of the main
Fox South zone.
Table 1. Significant Fox South Sample Results
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Mineralized
Channel Location Interval (m) Gold g/t Silver g/t Description
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FS-07 1.00 0.80 2.40 Shear Zone
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FS-06 1.00 1.35 0.30 Shear Zone
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FS-06 0.50 0.72 1.10 Shear Zone
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FS-03 2.50 1.05 1.60 Shear Zone
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Including 1.50 1.57 2.20 Shear Zone
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FS-01 3.00 0.63 0.23 Shear Zone
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Including 1.00 1.42 0.40 Shear Zone
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FS-E04 Grab 5.64 0.70 2 Meter Altered Zone
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FS-E03 Grab 0.38 0.60 1 Meter Altered Zone
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FS-E02 1.00 1.38 1.20 Shear Zone
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FS-E01 2.00 1.04 0.65 Shear Zone
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(i) All Channels oriented perpendicular to strike of shear zones.
New discovery grab samples returning up to 5.64 g/t gold and 1.20 g/t silver
significantly extend the strike of the Fox South zone. The sampling results
substantiate the Company's view that the Fox South zone is host to laterally
striking extensive gold and silver mineralization. The proximity to the
Yellowknife Greenstone Belt, host to both the historic Giant and Con gold mines,
is compelling. Therefore, Manson Creek is currently considering follow up work
on the Fox South zone in 2013.
The Company is eagerly awaiting the completion of the paved highway bypass that
will cut through favourable geology within 500 meters of the Fox South zone. The
road construction, currently underway, will provide an unprecedented opportunity
to expose significant areas of new geology that compares favourably to other
mineralized areas of the property. Manson Creek believes that the widespread
hematite alteration associated with the gold and silver mineralization indicates
that a large, widespread mineralized plumbing system is present within the Up
Town Gold property.
Minor work was completed on the C zone, located 500 meters to the west of the
Fox South zone. The anomalously mineralized C zone had four channels cut,
totaling 31 meters, with the collection of 37 samples plus 4 grab samples. The
area displays significant widespread alteration extending from the numerous
shear zones present with the C6 and C3 shear zones returning 0.7 meters at 4.19
g/t gold and 2.1 g/t silver and 0.5 meters at 0.58 g/t gold with less than 0.1
g/t silver respectively.
Geologic logging of the core from the two small diameter drill holes from the J3
zone is complete and core has been submitted to the lab for analysis. The
results are expected in four to six weeks.
The Up Town Gold property is within sight of two historic gold producers, the
Giant and Con gold mines that have produced over 12,000,000 ounces of gold. The
property encompasses five known gold bearing zones hosted in Archean
granodiorites. Manson Creek has completed reconnaissance prospecting and
sampling over much of the core of the 3,388-hectare property. Gold
mineralization, often with significant silver mineralization, extends over three
kilometers of strike in the Rod, Fox South, J7 and C areas (Map of showing
locations and Phase Two sampling can be found at www.manson.ca).
Analytical Method
Samples were submitted to Acme Labs in Yellowknife, Northwest Territories for
analysis with all of the rock samples analyzed using inductively coupled plasma
(ICP) together with mass spectrometry (MS) finish. Gold was analyzed by a fire
assay preparation with an ICP-ES finish.
The President of Manson Creek Resources Ltd., Regan Chernish P.Geol., is the
Qualified Person responsible for 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Manson Creek Resources Ltd.
Regan Chernish
1.403.233.0464
www.manson.ca
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