The Manson Creek technical team of professional geologists has assembled a portfolio of early stage, underexplored Gold and precious metal projects in the Yukon, Newfoundland and British Columbia. These projects provide a solid base for exploration success to build shareholder value.
Tell
The Company’s 100% owned Tell property is located approximately 140 kilometers east of Mayo, Yukon and is contiguous with Strategic Metals Ltd. Goz claims and ATAC Resources Ltd. Rau claims. Anchoring the Tell project is the large and undrilled Tell natural spring gossan and vegetation kill zone that extends over and area of 300 meters. The kill zone is cored by a 75 meter by 240 meter area containing high zinc, lead and arsenic values in soils. The Tell gossan is extremely significant due to the number of successful drill discoveries made on similar gossans in the region.
Exploration in 2011 on the Property led to the discovery of SIX new, well developed, active and inactive, natural spring gossans; Crystal Springs, Ash Springs, Roswell, Corona, Majestic and Area 51. The new discoveries extend for over 600 meters, roughly east-west, from the large Tell kill zone and 450 meters north-south. Many of the discoveries contain numerous active spring vents. These priority zones are comparable to other gossans in the region that, once drilled, have produced significant discoveries.
Up Town Gold
The newest of the Company’s projects is located adjacent to Giant mine in Yellowknife, NWT. The mine produced over 7 million ounces of gold during its long production history. Until recently, gold exploration has focused primarily on the volcano-sedimentary greenstone belts, seeking structurally controlled mesothermal lode-gold deposits while the adjacent granitoid rocks have been largely ignored as hosts for gold mineralization. A growing number of significant bulk minable lode-gold deposits have been found in Archean granitic rocks. The 3,388 hectare Up Town Gold property encompasses largely un-explored Archean granitic shield that had been the focus of limited exploration work in the 1960’s.
The historic work on the Up Town Gold property focused on the narrow quartz filled shears and associated quartz veins while largely ignoring the larger zones of hydrothermally altered host granodiorite. These 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 exposed at surface with exposures of tens of meters common with many stretching for hundreds of meters.
Virgin Arm
Newfoundland has exciting unrealized discovery potential as there has been essentially no gold focused exploration in the province prior to the 1980’s! The 2011 diamond drill program targeted gold mineralization in the Hank and Homer zones. The seven hole, 1,085 meter, drill program was completed along 400 meters of gold mineralization. Noteworthy gold values were returned on drill holes 03, 04, 05 and 06. Drill hole 2011-Ho-05, targeting the western extension of the Homer Zone, returned assays of 5.75 g/t gold and 3.39 g/t gold over 1.0 m and 1.2 m respectively.
The initial 2011 Virgin Arm drill program results demonstrated the high variability of the gold grades in the mineralized lithologies. It is believed that this is due in part to the nuggety nature of the gold present on the property. Metallic screen analysis has proven to be effective in determining a representative grade for samples tested which contain nuggety coarse free gold. A 30 sample test group of previously fire assayed core samples was selected for re-assay using the metallic screen analysis.
Selected, representative drill core samples were re-assayed utilizing metallic screen methods and returned overall average increase of 47.2% in gold grades!
The 1,950 hectare, road accessible, property is located 75 kilometres from Gander, Nfld., with gold found in a mineralized corridor of 4.2 kilometres by up to 800 metres in three trenched zones -- Hank, Homer and Barney -- as well as the new Discovery Ridge area. Each of these zones is an excellent target for significant new gold resources. Samples to date have produced high-grade gold values in trenches to 10.07 grams per tonne hosted within zones of lower grade gold mineralization.
Meridian
The road accessible, 675 hectare, Meridian claims encompasses 5 historic past producers that were active in the early 20th Century. The project is located only 45 kilometers from Revelstoke, British Columbia. The camp was active for only a few years, but in that brief time, the Meridian Claims produced 543,899 grams of gold and 165,499 grams of silver.
In the 1914 British Columbia Minister of Mines Annual Report there is mention of numerous areas, including a block of 200,000 tonnes grading at over 7 grams/tonne gold (45,000 ounces) that remained after the completion of operations in the area. The Company believes that the potential for significant mineralization is high in areas near and below the limited historic mining. The gold and silver mineralization is found within and proximal to quartz veins related to the regional scale Camborne Fault which bisects the Meridian Claim group and hosts many of the historic deposits.
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