Manson Creek Resources Ltd. Reports Exploration Underway on Up Town Gold Project
22.05.2012 | Marketwire
CALGARY, May 22, 2012 - Manson Creek Resources Ltd. ('Manson Creek') (TSX VENTURE: MCK) is pleased to announce that exploration is underway on the Up Town Gold project in the Northwest Territories.Phase one exploration efforts are focusing on the historical gold bearing zones and the relatively undocumented alteration halos that encompass them. Detailed geological mapping of these areas is in progress in order to identify and better define favourable structures and the associated alteration that correlates to gold mineralization. Extensive sampling is taking place on the known mineralized zones and new targets with work expected to take seven to ten days to complete.
Up Town Gold Project Background
Manson Creek's 3,388 hectare property has five known gold bearing zones hosted in an Archean granodiorite adjacent to the Yellowknife greenstone belt which boasts over 12 million ounces of gold production from the nearby Giant and Con mines. Historic work on the Up Town Gold property, done primarily in the 1960's, focused on narrow quartz filled shears and associated quartz veins while largely ignoring the larger zones of hydrothermally altered host granodiorite. The shear zones, associated fractures and quartz veins vary from millimeter widths to well over 3.0 meters and they commonly are surrounded by a broader alteration halo. The alteration consists of silicification and sericitization with hematite alteration present as well. Mineralization is present at surface with exposures of tens of meters common with many stretching for hundreds of meters.
Several of the gold bearing zones on the Up Town Gold property had historical estimates completed in the 1960's with over 2,500 meters of diamond drilling completed. In many of the historic assessment reports there is mention of hydrothermally altered host rock but no systematic sampling was ever conducted on these altered zones.
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.
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.
Contact Information
Manson Creek Resources Ltd.
Regan Chernish, President and Director
1.403.233.0464
www.manson.ca