(TheNewswire)
Vancouver, British Columbia – TheNewswire - July 12, 2023 –Manning Ventures Inc. (the “ Company ” or “ Manning ”)(CSE:MANN ) ; ( Frankfurt:1H5) is pleased to announcethat exploration has begun on it’s the Kaba Copper Project (the“ Property ”) located 50km northeast of the town of Nipigon. Logging roads provide excellent access to the Property from theTrans-Canada Highway 17 (Figure 1).
Figure 1. Regional location andland holders in the Kaba Copper Project area.
Very little systematic exploration has taken place since the 1980’s.The last drilling performed was in 1980 for 3 holes totaling 172 m.
“We are very excited to begin exploration on the Kaba Copper Projectafter decades of neglect,”said Alex Klenman, CEO of ManningVentures. “The Company is taking a systematic approach to it’sexploration plans this summer with the objective of diamond drillingon the targets of the highest merit in the fall. We are also inrare-element pegmatite country of the Barbara Lake pegmatite field andwill be on the lookout for these critical mineral occurrences dutringour exploration efforts,” continued Mr. Klenman.
Exploration Plans
Exploration plans for the summer include:
1) GIS compilation of all historical work anddrilling (in progress).
2) High-resolution heli-borne magnetic surveywhich will aid in providing structural features that is integrallyassociated with the copper mineralization (in progress).
3) Strucutral and geological interpretation ofthe high-resolution magnetic survey incorporating known mineralizationoccurrences to aid in vectoring future exploration.
4) Boots on the ground mapping and prospectingover known mineralization occurrences and those areas deemedprospective for new mineralization from the above exercises (inprogress).
5) Stripping, trenching and channel samplingof those targets with the highest merit.
6) Diamond drilling.
Kaba Copper Project
Two copper occurrences on the Property are intimately associated withthe northwest trending Eastborne Hall Lake Fault, a product oflate-stage Mid Continental Rifting (Figure 2). The occurrences arecontained within copper-rich breccia’s and veins. Chalcopyrite,bornite and pyrite associated with quartz breccia hosted withinbiotite granite and diabase. Ground and magnetic surveys werecompleted by Anglo-American in 1968. Two anomalies were outlined bymagnetics 275m and 180m long. The EM survey indicated mineralizationfor 1200m. Drilling by Anglo highlighted 26.5m grading 1% Cu and 17.3m grading 0.54%Cu (MDI42E04NE00007). There were no analyses for gold.
Figure 1. Late rift stagehydrothermal deposits related to the Mid Continental Rift.
Most copper assays were whited out in the assessment report. Otherintervals include 2.02% Cu over 4.27m and 1.26% Cu over 3.65m. Chipsamples in 1979 by Stinson reported 0.32% Cu over 9.14m (AFRI42E04NE8355).
The Project is also located approximately 15kms east of the BarbaraLake Lithium-bearing Pegmatite field, where numerous recentdiscoveries of Li-bearing pegmatites have occurred. The Barbara Lakearea includes, among others. Imagine Lithium, which recently drilled21m of 1.16% Li2O, and 5m of 1.12% Li20 ( Imagine Lithium, News Release, October 19,2022 ) and Rock Tech Lithium’s Georgia Lake Project, where theNorthern Spodumene Pegmatite Area has a Measured resource of 2.31mt at1.04% Li2O and an Indicated resource of 4.31mt at 0.99% Li2O ( Rock Tech 43-101 PEA, March 15,2021 ).
Qualified Person
Mike Kilbourne, P. Geo, an independent qualified person as defined inNational Instrument 43-101, has reviewed, and approved the technicalcontents of this news release on behalf of the Company. The QP and theCompany has not completed sufficient work to verify the historicinformation on the properties comprising the Kaba Property,particularly regarding historical exploration, neighbouring companies,and government geological work.
About Manning
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. The Companyalso retains interest in six Iron Ore properties located in theProvince of Quebec, and portfolio of polymetallic projects inNewfoundland.
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.
This news release does notconstitute an offer to sell or a solicitation of an offer to sell anyof the securities in the United States. The securities have not beenand will not be registered under the United States Securities Act of1933, as amended (the “ U.S. Securities Act ”) or any state securities laws, and maynot be offered or sold within the United States, or to or for theaccount or benefit of any U.S. person or any person in the UnitedStates, unless registered under the U.S. Securities Act and applicablestate securities laws or an exemption from such registration isavailable. “ United States ” and“ U.S.Person ” are as defined inRegulation S under the U.S. Securities Act.
Some of the statements contained inthis news release are forward-looking statements and informationwithin the meaning of applicable securities laws. Forward-lookingstatements and information can be identified by the use of words suchas “anticipates”, “plans”, “expects”, “intends”, “isexpected”, “potential”, “suggests” or variations of suchwords or phrases, or statements that certain actions, events orresults “may”, “could”, “should”, “would”, “might”or “will” be taken, occur or be achieved. Forward-lookingstatements and information are not historical facts and are subject toa number of risks and uncertainties beyond the Company’s control.Actual results and developments are likely to differ, and may differmaterially, from those expressed or implied by the forward-lookingstatements contained in this news release. Accordingly, readers shouldnot place undue reliance on forward-looking statements. The Companyundertakes no obligation to update publicly or otherwise revise anyforward-looking statements, except as may be required by law.
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