SUITE 800, 808-4TH AVENUE S.W., CALGARY, ALBERTA, T2P 3E8
PH: 403.233.0464 FAX : 403.266.2606 WWW . MANSON . CA
NEWS RELEASE JANUARY 09, 2012News Release: 12-01 Trading Symbol: TSX Venture-MCK
For Further Information Contact: Regan Chernish at 1.403.233.0464
Web: http://www.manson.ca
Manson Creek Secures Diamond Drill For Tell Property in Yukon
Manson Creek Resources Ltd. ('Manson Creek') is pleased to
announce that a diamond drill rig has been confirmed for the
upcoming exploration season on the Tell property located in
the Rackla Gold Belt in the Yukon. The Tell property, located
immediately south of ATAC Resources Ltd. Rau claim block,
witnessed the discovery of six additional mineralized natural
spring gossans in 2011.
The Company has signed a contract with Cyr Drilling
International Ltd. to provide a drill rig for the proposed
2012 drill program targeting the mineralized gossans on the
Tell property. The 2012 exploration will entail detailed
geological mapping, sampling and an IP geophysical survey
prior to drilling. The drilling program, subject to a
successful financing, will entail up to 2,000 meters of NQ
core testing the most prospective targets on the property.
In 2011, Manson Creek outlined an area of 600 meters by 450
meters, hosting seven well developed natural spring gossans
with highly anomalous metal signatures.
The Tell property hosts the large Tell gossan, cored by a
kill zone of 75 meters by 240 meters, which has been held by
Manson Creek since 2002. In 2011 Company geologists
discovered six new, well developed active and previously
active natural spring gossans; Crystal Springs, Ash Springs,
Area 51, Roswell, Majestic and Corona. Soil and rock samples
collected from all the zones have shown highly anomalous
zinc, nickel and arsenic along with numerous other gold
pathfinder elements. Additionally, property-wide stream
sampling has outlined two additional, regional geochemical
anomalies, Area 13 and Area 15 located 2 kilometers and 4
kilometers respectively from the main Tell gossan.
The gossans are the result of fluid movement through
relatively shallow polymetallic zone(s) with the resultant
strongly mineralized fluids reaching the surface and
producing the identified gossanous zones. The Company
speculates that the complex structural history of the region
has produced a series of normal and other faults which have
provided the plumbing system necessary for the fluids as well
as elevating the mineralized zones closer to the modern day
surface.
Manson Creek believes the seven Tell property gossans to be
of extreme significance due to the number of successful drill
discoveries made on similar gossans in the region. ATAC
Resources Ltd.'s Ocelot discovery was made by targeting an
undrilled natural spring surface gossan that has associated
strongly anomalous zinc and other pathfinder element sample
results. Like the Ocelot zone, the seven Tell property
gossans are located near regional carbonate units within
structurally complex geology in, and proximal to, the Rackla
gold belt. The seven Tell property gossans have never been
drill tested.
Manson Creek is pleased to report that it has been approved
for a Junior Exploration Assistance grant under the
Newfoundland and Labrador Department of Natural Resources
Mineral Incentive Program. The grant program offers a return
of up to 50% of eligible exploration expenses incurred in
2011 to a maximum of $100,000. While the Company has
completed expenditures in excess of $200,000 in the course of
the Virgin Arm gold project work in 2011, the actual amount
of the grant received is subject to a final determination by
the granting agency.
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"
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.
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January 9, 2012: Manson Creek Secures Diamond Drill For Tell Property in Yukon |