Manson Creek Resources Ltd.: New Discovery of 5.64 Grams Per Tonne Gold Extends Fox South Zone on Up Town Gold Property
CALGARY, ALBERTA -- (Marketwire) -- 12/13/12 -- 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.
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.
Contacts:
Manson Creek Resources Ltd.
Regan Chernish
1.403.233.0464
www.manson.ca