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Throughout 2023 the Company has assembled a highly prospective lithium exploration project portfolio. The footprint includes land positions in
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Figure 1: Manning Ventures Lithium Projects in
Manning has established a significant presence with four projects located within the emerging
TheSnap, Crackle, PopandPowprojects represent over 65,000-hectares that target areas that comprise some of the highest (99% percentile) lithium, cesium, and rubidium lake sediment anomalies in the Government du Quebec lake sediment database (SIGÉOM).
The Company is pleased to be working with renowned prospector
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Figure 2: Manning project locations and neighboring companies in the Leaf River Lithium Camp
The
In 2022 the Company carried out multiple sampling programs targeting areas that contained anomalous LCT-pegmatites. The highest value so far on the property was collected, containing 707 ppm lithium (0.15% Li2O). Additionally, it contains the highest amount of cesium (661 ppm Cs) and very elevated Rubidium (1163 ppm Rb); both adding confirmation to the LCT-style pegmatite model on the northern end of the property.
Given the distribution of lithium content of other pegmatites in the
A.Very anomalous (greater than 201 ppm lithium).
a.Spring-2022: Seven samples on the Property are categorized as very anomalous, with up to 425 ppm lithium.
b.Fall-2022: One sample of up to 707 ppm lithium (0.15% Li2O) was collected.
B.Anomalous (81 to 200 ppm).
a.Spring-2022: Sixteensamples categorized as anomalous,
b.Fall-2022: six samples categorized as anomalous, and
C.Not anomalous (below 80 ppm). The remaining samples are considered not anomalous.
Those samples in the “very anomalous” category appear combined with elevated levels of tantalum, cesium, and rubidium, which confirms the Lithium-Cesium-Tantalum (LCT) style pegmatite affinity for the Property. Additionally, the abundance of tourmaline amongst the common pegmatite mineralogy of feldspar, quartz and mica adds to the LCT affinity.
The spatial distribution of the very anomalous pegmatites, clustering in the center of the property, within the volcano-sedimentary country rock is thought to be a positive exploration attribute, given the deposit model within the
James Bay Project of Allkem.Corvette Property of Patriot Battery Metals;
Rose Lithium-Tantalum Deposit of Critical Elements Lithium Corp; and
Whabouchi Lithium Deposit of Nemaska Lithium;
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Figure 3: 2022
The
Most copper assays were whited out in the assessment report. Other intervals include 2.02% Cu over 4.27m and 1.26% Cu over 3.65m. Chip samples in 1979 by
The Project is also located approximately 15kms east of the Barbara Lake Lithium-bearing Pegmatite field, where numerous recent discoveries of Li-bearing pegmatites have occurred.
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Figure 4: Regional location and land holders in the
The Company recently completed a GIS compilation of all historical work and drilling in the area, a preliminary reconnaissance program, as well as a high-resolution heli-borne magnetic survey (results pending) which will aid in providing structural features that is integrally associated with the copper mineralization.
The
The Hermitage Flexure is a regional-scale structural corridor containing volcano-sedimentary rock units, which are favorable host-rocks for spodumene-bearing LCT pegmatites. TheHermitage Flexure is thought to be the continuation of the Avalonia to
During the first half of 2022,
The Company completed a reconnaissance scale program in late 2022 that successfully accomplished the task of validating the Property’s LCT-style affinity by returning highly anomalous lithium values (up to 472 ppm Li) hosted in a felsic intrusive host rock. This program successfully confirmed that lithium-enriched intrusives are present at Dipole while delineating a newly discovered 100m zone that produced five samples of highly anomalous lithium values from 367 ppm to 472 ppm Li (see Manning news release dated
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Figure 5: Dipole Lithium Property Location,
Newfoundland Lithium Belt Discovery
Newfoundland’s pegmatite belt is over 450 kilometers in length and is analogous to the Avalonia Lithium Belt in
Through their research, various companies actively exploring for lithium in
https://sokomanmineralscorp.com/2023/05/02/sokoman-and-benton-announce-start-of-2023-drilling-program-at-the-kraken-lithium-and-hydra-cesium-discoveries-in-southwestern-newfoundland/
*Readers are cautioned that information regarding mineral resources, geology, and mineralization on adjacent or similar properties is not necessarily indicative of the mineralization on the Company’s properties.
Manning Announces Private Placement
The Company wishes to announce that it has arranged a non-brokered private placement to raise up to CDN
Qualified Persons
The technical content of this news release regarding the
About Manning
Manning is a lithium-focused exploration and development company operating in
For further information contact:
Email:info@manning-ventures.com
Telephone: (604) 681-0084
www.manning-ventures.com
FORWARD LOOKING STATEMENTS:
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in
Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “anticipates”, “plans”, “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, orstatements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
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Copyright (c) 2023 TheNewswire - All rights reserved., source