MANVF - Manning Ventures Receives Gravity Survey Data from the Copper Hill Project Nevada USA
(TheNewswire)
Vancouver, British Columbia - TheNewswire - April 26, 2024 –Manning Ventures Inc. (the “ Company ” or “ Manning ”)(CSE:MANN ) ; ( Frankfurt:1H5) is pleased to announce that it has received the final documentation from MageeGeophysical Services LLC of Reno Nevada, and the Interpretation ofthat data by J L Wright Geophysics of Nevada, for the recentlycompleted gravity survey on its Copper Hill Project,located within the prolific Walker Lane Trend, Nevada, USA.
The gravity survey was conducted with the objective of aiding thecompany in defining the lithologic and structural setting of theCopper Hill Project, and to aid in identifying areas of potentialcopper mineralization.
The survey successfully identified a broad circular gravity anomalyunderlying Copper Mountain, derivatives of the gravity data refinedthe vertical and horizontal components identifying two new zonesshowing similar gravity features of those at Copper Mountain. Thesetwo new zones represent new targets of potential skarn mineralization.
Wright, in his interpretation, highlighted that the gravity anomalyoccurring under Copper Mountain displays a ring which is coincidentalwith historic magnetic signatures and skarn mineralization. Thisinterpreted ring represents skarn / marble lithologies and isdeveloped along the contact of the intrusion. Structurally, a numberof northwest to west-northwest structural lineaments are evident inthe gravity data with a lesser set of lineaments-oriented north-southto north-northeast, which bound basins to the east and west. Three ofthe prominent northwest to west-northwest structures bound the northside of the interpreted intrusion of Copper Mountain and form a“Structural Corridor”. The southern structure of the threeappears to facet the intrusion and parallels historic skarn workingswithin the intrusion.
The company is encouraged by the results and interpretation of theGravity data and is currently awaiting results from the soilgeochemical survey that completed over the property in March – Aprilof this year. Full compilation of this data will greatly aid thecompany in its next phase of exploration.
Copper Hill is centered on a Jurassic Age quartz monzonite porphyrythat intrudes the surrounding Triassic Age Luning Limestone, which wasthen cut by a variety of intrusive dikes. Zones of porphyry-relatedcopper and gold-bearing skarn mineralization occur at theintrusive-limestone contacts and along fault zones in the intrusive.
Image 1: Gravity Survey Results,Copper Hill Project, Nevada, USA
Image 2: Location of Copper Hill,Walker Lane Trend, Nevada, USA
About the Copper HillProject
Located within the prolific Walker Lane trend in southern Nevada,Copper Hill is situated one of the premier jurisdictions for preciousmetals mining in the world. Historic endowment within Walker Laneincludes 50Moz Au, 700Moz Ag, and 4Mt Cu. Copper Hill hostscopper-gold-molybdenum mineralization in both porphyry and skarnstyled deposits in Mineral County, Nevada. The property consists of 66mineral claims covering an area of 2.3 miles. The property is located22 miles north of Hawthorne, Nevada and is accessible usingwell-maintained County Roads.
The Project is centered on a Jurassic Age quartz monzonite porphyryintruding Triassic age Luning Limestone. The claims cover 2.3 sq milesand are 33 miles east of the Yerington Copper District which hosts theYerington Copper Mine (Anaconda 1952-1978), Ann Mason Deposit, BearDeposit, MacArthur Deposit, and the Pumpkin Hollow Mine.
Historically at Copper Hill, reported high-grade copper was mined fromunderground shafts from skarn and porphyry-copper styledmineralization at the Copper Mountain Mine. Between 1914 to 1926mining from the “Copper Mountain Mine” produced an estimated1,000,000 pounds of copper from shallow underground workings. Historicreporting from the period of production describes ore zones of contactskarn- type and porphyry-type mineralization with shipping gradesranging from 3.5 to 11.0% copper*.
*Historic Minning information wassummarized from an “Unpublished Report on the Carson Sink Area,Nevada by F.C. Schrader, U.S. Geological Survey (Field work 1911-1920)1947”. Manning Venturescautions investors that the historic exploration and productioninformation is believed to be accurate but has not been verified by aqualified person.
The Copper Hill mineralizing system forms a topographic high surrounded and partially covered by youngervolcanic rocks. Mineralization identified at Copper Hill are bornite,chalcocite, chalcopyrite, chrysocolla, copper-native, covellite,cuprite, gold, malachite, molybdenite, silver, sphalerite (rare), andtetrahedrite.
The Copper Mountain area was explored between 1959 to 1979 by IdahoMinning Corp. and Walker-Martel who conducted ground geophysics,underground mapping, prospecting and reported 6000 feet of Rotarydrilling. Since that time ground magnetics were conducted in 2007.
Rock sampling collected at this time returned values from selectsamples of 7.2% and 12.7% copper and 1.06 g/t gold and 1.19 g/t goldrespectively.
The target being sought at Copper Hill is a porphyry styledcopper-molybdenum-gold deposit.
Warren Robb P.Geo., is the designated Qualified Personas defined by National Instrument 43-101 and is responsible for thetechnical information contained in this release.
AboutManning
Manning Ventures is a mineral exploration anddevelopment company focused metals and materials critical to thegrowing Energy Metals space. Manning’s project portfolio is focusedon Copper in Nevada, Lithium/Copper in Ontario and Quebec, andmultiple Iron Ore projects in Quebec.
For furtherinformation contact:
Manning Ventures Inc.
Alex Klenman - CEO
Email: info@manning-ventures.com
Telephone: (604) 681-0084
www.manning-ventures.com
FORWARD LOOKING STATEMENTS:
The Canadian Securities Exchangedoes not accept responsibility for the adequacy or accuracy of thisnews release.
Certain statements in this pressrelease may contain forward-looking information (within the meaning ofCanadian securities legislation), including, without limitation, theCompany’s payment of the Exercise Price during the Option Term, thegranting of the net smelter return royalty to the Optionor, and theCompany’s payment of the annual minimum payments to the Optionor.These statements address future events and conditions and, as such,involve known and unknown risks, uncertainties, and other factors,which may cause the actual results, performance, or achievements to bematerially different from any future results, performance, orachievements expressed or implied by the statements. Forward-lookingstatements speak only as of the date those statements are made.Although the Company believes the expectations expressed in suchforward-looking statements are based on reasonable assumptions, suchstatements are not guarantees of future performance and actual resultsmay differ materially from those in the forward-looking statements.Factors that could cause the actual results to differ materially fromthose in forward-looking statements include regulatory actions, marketprices, and continued availability of capital and financing, andgeneral economic, market or business conditions. Investors arecautioned that any such statements are not guarantees of futureperformance and actual results or developments may differ materiallyfrom those projected in the forward-looking statements.Forward-looking statements are based on the beliefs, estimates andopinions of the Company's management on the date the statements aremade. Except as required by applicable law, the Company assumes noobligation to update or to publicly announce the results of any changeto any forward-looking statement contained or incorporated byreference herein to reflect actual results, future events ordevelopments, changes in assumptions, or changes in other factorsaffecting the forward-looking statements. If the Company updates anyforward-looking statement(s), no inference should be drawn that itwill make additional updates with respect to those or otherforward-looking statements.
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