CALGARY, ALBERTA–(Marketwired – Nov. 10, 2015) – Manson Creek Resources Ltd. (TSX VENTURE:MCK) is pleased to provide an update on its 2015 field activities and results.
With financial assistance from the Yukon Government through a YMEP grant, Manson conducted a one week reconnaissance program in August of this year at the Tell Property, Yukon. The program’s two objectives were to gain additional knowledge with regards to the geological context of the large and to date unexplained metal bearing Gossans zones known to occur extensively on the property as well as investigate the source of a large stream sediment anomaly from historical programs, some 2.2 kilometers to the North West of the previously identified Tell gossan trend, already known to extend over some 800 meters of strike length.
Main Tell area
A tight space ground geophysical magnetometer grid was conducted over the main area covering the Tell, Crystal Springs, Ash Springs, Roswell, Area 51, Majestic and Corona Gossans. The magnetic survey outlined responses that are consistent with current geological understanding in terms of the property’s underlying geology and stratigraphic composition, as well as highlighted that known gossans and gossanous cold springs appear related to fairly discrete contrasts between zones of higher and lower magnetic responses. In its discussion of results from the survey to Manson Creek, the contractor, Apex Geosciences Ltd. of Edmonton, Alberta, comments that the “relationship may be significant, representing the possibility of a continuous metal-rich layer contained within a specific section of the magnetic low region”.
New point source anomaly
A historical, multi-site stream sampling anomaly previously identified approximately 2.2 kilometers to the NW of the Tell gossan was prospected and mapped with the objective to discover the source of highly anomalous Zinc, Nickel, Barium, Cobalt, Manganese and Copper in stream sampling.
Mapping of the ridges to the east and west of the anomalous stream section, where geology is well exposed in this area, allowed for a comprehensive geological dataset to be collected that underlines the project’s context, both stratigraphically and structurally. Mapping has confirmed overall east-west directions for the underlying sedimentary sequence and has outlined distinct domains of shales and cherts to the south, extending towards the main zone’s majestic and corona gossans, which is underlain to the north by a sequence of finer grained shales with locally coarse gritty units, which in turn extend towards the main zone’s northern trend of gossans (Tell, Crystal Springs, Ash Springs, Roswell and Area 51).
Structurally, evidence was collected that support a broad, roughly east-west anticlinal fold form which closes to the north (and along the ridge) of the Main Zone.
The historical stream anomaly was traced to a discrete, active metal bearing cold stream or seep near the origin of the current natural creek. This seep contributes metal rich brines which precipitate extensively for over 2 km along the creek bed in a red to blue to whitish crust, locally over 10’s of centimeters thick. As the seep is at the headwaters of the creek, and in close proximity to the ridge top, it is expected to be proximal to the bedrock from which metals are sourced. A sample from this precipitate near its source returned highly anomalous values of 3.83% Zinc (38,300 ppm), 0.6% Nickel (5,970 ppm), 0.28 % Cobalt (2,780 ppm), and 0.42% Barium (4,170 ppm) as well as an anomalous elevated Copper value of 280 ppm.
Of additional interest, a leached sample of sub cropping rock near the point source also returned assay results of 0.29 % Zinc with elevated copper and barium, indicating that mineralization, while not exposed at surface due to overburden and vegetation cover, may be sub cropping in this area. The leached rock was composed of an iron oxide coated black shale dominated polymictic synsedimentary breccia, such as locally observed in core in the Main Zone during the 2014 drilling, in excess of 2.2 kilometers to the west-south west and along strike.
Data collected during the 2015 short program continues to support that mineralization at Tell is likely sediment hosted and potentially related to an extensive exhalative event within a sedimentary sequence with evidence of minor volcanic components, such as expected within the SEDEX/VMS environment. The 2015 surface data also confirms that mineralization may be related to an extensive metal rich unit within a sequence documented over 3 kilometers of strike length to date.
All samples were sent to ALS Minerals for analysis (which is an ISO 9001-2008 certified lab). Gold was assayed by standard fire assay methods with 33 additional elements analyzed by Induced Coupled Plasma (ICP) utilizing a 4-acid digestion. Quality assurance and quality control is ensured through the use of certified standards.
Mr. Jean-Pierre Jutras, P.Geol., President of the Company, is the Qualified Person for the Tell Property as defined by National Instrument 43-101 and has approved the technical disclosure contained in this news release.
On Behalf of the Board of Directors,
Jean-Pierre Jutras, President/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.