Manado Exercises Option of Clisbako Property
September 18 2013 - 9:25AM
Access Wire
September 18, 2013 - Vancouver, British Columbia, Manado
Gold Corp. ("Manado") (TSX-V: MDO) is
pleased to announce that it has exercised its option to acquire a
75% interest in the Clisbako Property. The exercise of the option
was completed pursuant to an amendment to the terms of the option
agreement between Manado and Clisbako Minerals Inc. ("CMI") whereby
CMI accepted 300,000 shares of Manado and the work completed to
date in full satisfaction of the option exercise.
In 2012, Manado drilled the "South Zone" and the "Bari 1 and 2
Zones" and encountered significantly altered epithermal zones which
did not carry economic grades. Additional potential geological
targets have been identified on the Clisbako Property that require
further exploration.
About the Clisbako Property
The Clisbako Property is comprised of ten contiguous mineral
claims covering approximately 3,387.889 hectares located in the
Interior Plateau Region of north central British Columbia. All of
the claims that comprise the Clisbako Property are in good standing
until November 30, 2020. Manado's exploration program is primarily
focused on gold and silver exploration.
On behalf of the Board of Directors
Logan Anderson
President and Chief Executive Officer
info@manadogold.com
Investor Relations - Dave Ryan
dave@manadogold.com
Forward-Looking Statements Information set
forth in this news release contains forward-looking statements that
are based on assumptions as of the date of this news release. These
statements reflect management's current estimates, beliefs,
intentions and expectations. They are not guarantees of future
performance. Manado cautions that all forward looking statements
are inherently uncertain and that actual performance may be
affected by a number of material factors, many of which are beyond
Manado's control. Such factors include, among other things: risks
and uncertainties relating to Manado's limited operating history;
the need to comply with environmental and governmental regulations;
and potential defects in title to Manado's properties. Accordingly,
actual and future events, conditions and results may differ
materially from the estimates, beliefs, intentions and expectations
expressed or implied in the forward looking information. Except as
required under applicable securities legislation, Manado undertakes
no obligation to publicly update or revise forward-looking
information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
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