(TheNewswire)
Vancouver, British Columbia – TheNewswire - June 23, 2023 –Manning Ventures Inc. (the “ Company ” or “ Manning ”)(CSE:MANN ) ; ( FRA:1H5) is pleased to announce it hassecured crew and equipment for a follow-up exploration program atit’s wholly-owned Dipole Lithium project, located in Newfoundland,Canada. The program is expected to commence within the next fewweeks.
The Dipole Lithium Project is a 997.3-hecatre projectlocated within the Hermitage Flexure structure approximately 50kilometers along strike of the Sokoman/Benton Kraken Lithiumdiscovery. The Hermitage Flexure is a regional-scale structuralcorridor containing volcano-sedimentary rock units, which arefavorable host-rocks for spodumene-bearing LCT pegmatites. TheHermitage Flexure is thought to be the continuation of the Avalonia toKings Mountain/Piedmont Trends as discussed below.
The mapping and sampling campaign is designed to followup on the positive results from a brief reconnaissance scale programin late 2022 that successfully accomplished the task of validating theProperty’s LCT-style affinity by returning highly anomalous lithiumvalues (up to 472 ppm Li) hosted in a felsic intrusive host rock (see Manning news release dated February 8,2023) . The upcoming work program ofapproximately one-week is the first extensive field campaign with aprimary focus on lithium in the central portion of the “HermitageFlexure” of Newfoundland.
The Kraken Lithium discovery located approximately 50kilometres away, discovered by Benton Resources and Sokoman Resourcesis on the same regional geological structure and is continuing toprove up to be a significant project with recent results of 1.22% Li2Oover 13.37 m in recent work (June 20, 2023, News Release, SokomanResources).
“We’re eager to follow up on the lithium discoveryat Dipole,” said CEO, Alex Klenman. “The numbers generated onthat brief first pass were very encouraging, given the area andproximity to significant lithium discoveries. Securing crew andhelicopter support has been challenging, given the already impactfulfire season and the marked increase in exploration activity in thearea. We are set to go and look forward to seeing what a detailedreconnaissance and sampling program produces. We’re in the rightgeological setting, with positive geochemical evidence, we believeDipole has tremendous upside,” continued Mr. Klenman.
Newfoundland Lithium BeltDiscovery
Newfoundland’s pegmatite belt is over 450 kilometersin length and is analogous to the Avalonia Lithium Belt in Ireland andKings Mountain/Piedmont Lithium Belt in North Carolina. * LCT-stylepegmatites have been identified in regional mapping of Newfoundlandsince the middle of the 1900s. During the mid-1960s, the Newfoundlandgovernment conducted two seasons of pegmatite surveys to evaluatetheir economic potential. Beryl bearing pegmatites were mapped, butvery little was known about the zonation of metals like beryllium,tantalum, and lithium within pegmatite fields. Since then,significant amounts of new regional geochemical data have beenreleased yet no modern-day lithium exploration techniques have beenapplied in this highly prospective region.
Through their research, various companies activelyexploring for lithium in Newfoundland have identified numerouslithium-caesium-tantalum pegmatite targets within belt, and Sokoman Minerals/Benton Resources have madethe most significant progress so far*:
Figure 1: Dipole Lithium Property Location
* Readers are cautioned that information regardingmineral resources, geology, and mineralization on adjacent or similarproperties is not necessarily indicative of the mineralization on theCompany’s properties.
QP Disclosure
Neil McCallum, B.Sc., P.Geo., of Dahrouge GeologicalConsulting Ltd., supervised the preparation of the technicalinformation in this news release.
About ManningVentures
Manning is a broad-based mineralexploration and development company with a focus in Canada. Manningholds a 100% interest in the Bounty Lithium Project, located inQuebec, and the Dipole Lithium Project, in Newfoundland, in additionto its recently acquired Kaba Lithium/Copper Project in Ontario. TheCompany also retains interest in six Iron Ore properties located inthe Province of Quebec.
For furtherinformation contact:
Manning Ventures Inc.
Alex Klenman - CEO
Email: info@manning-ventures.com
Telephone: (604) 681-0084
www.manning-ventures.com
Neither the Canadian Securities Exchange nor its Regulation ServicesProvider (as that term is defined in the policies of the CanadianSecurities Exchange) accepts responsibility for the adequacy oraccuracy of this news release. The Canadian Securities Exchange hasnot in any way passed upon the merits of the proposed transaction andhas neither approved nor disapproved the contents of this newsrelease.
FORWARD LOOKING STATEMENTS:
Completion of the acquisition issubject to a number of conditions, including receipt of appropriateregulatory approvals. The acquisition cannot close until all suchconditions are satisfied. There can be no assurance that theAcquisition will be completed as proposed or at all.
Certain informationin this news release may contain forward-looking statements thatinvolve substantial known and unknown risks and uncertainties.Forward-looking statements are often identified by terms such as“will”, “may”, “should”, “anticipate”, “expects”and similar expressions. All statements other than statements ofhistorical fact included in this news release are forward-lookingstatements that involve risks and uncertainties. There can be noassurance that such statements will prove to be accurate and actualresults and future events could differ materially from thoseanticipated in such statements. Important factors that could causeactual results to differ materially from the Company’s expectationsinclude the failure to satisfy the conditions of the relevantsecurities exchange(s) and other risks detailed from time to time inthe filings made by the Company with securities regulations. Thereader is cautioned that assumptions used in the preparation of anyforward-looking information may prove to be incorrect. Events orcircumstances may cause actual results to differ materially from thosepredicted, as a result of numerous known and unknown risks,uncertainties, and other factors, many of which are beyond the controlof the Company. The reader is cautioned not to place undue reliance onany forward-looking information. Such information, although consideredreasonable by management at the time of preparation, may prove to beincorrect and actual results may differ materially from thoseanticipated. Forward-looking statements contained in this news releaseare expressly qualified by this cautionary statement. Theforward-looking statements contained in this news release are made asof the date of this news release and the Company disclaims anyintention or obligation to update or revise such information, exceptas required by applicable law.
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