Manson Creek Identifies Large Target Beneath Gossans on Tell Property, Yukon
CALGARY, ALBERTA--(Marketwire - July 25, 2012) - Manson Creek Resources Ltd. (TSX VENTURE:MCK) ('Manson Creek') is pleased to announce the receipt of final Induced Polarization (IP) geophysical data from its Tell Project in the Yukon. The geophysical survey covered an area of the claim block hosting seven mineralized natural spring gossans.
The IP survey identified a large zone of chargeability, interpreted to represent sulfides, that correlates well with the mineralized gossans at surface. The zone of chargeability strikes northwest and has a strike length of over 500 meters as it continues to the northwest and southeast beyond the bounds of the geophysical grid. The anomaly has an apparent width of 100 meters and continues to depth off the pseudo sections. This potentially sulfide bearing zone is an excellent target for precious metals and has significant size potential. The chargeability zone corresponds with a zone of low resistivity, interpreted to represent a hydrothermal alteration zone.
Manson Creek is fully permitted for camp construction and diamond drilling on the Tell project and is actively pursuing funding for diamond drilling to test the outstanding targets present on the property.
Tell Project Background
Work on the Tell property in 2011 led to the discovery of six new mineralized natural spring gossans. These discoveries were in addition to the strongly mineralized Tell showing. The new discoveries extend over an area of 600 meters east to west and over 450 meters north to south with the mineralization remaining open in all directions. The 2,200 hectare Tell property is located immediately south of ATAC Resources Ltd.'s Rau claim block. The Company 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. The Tell gossans, which have not been drill tested to date, bear remarkable similarities to the ATAC Resources Ltd.'s Ocelot discovery that was made by drill testing a natural spring gossan displaying similar strongly anomalous zinc and other pathfinder elements.
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.
Manson Creek Resources Ltd.
President and Director
Disclosure: Manson Creek Resources is a Vulture Bargain Candidate of Interest (VBCI) and one of the issues we have dubbed a Cheapie with a Chance (CWC). Members of the GGR team hold long positions in MCK.V or MCKRF.