(TheNewswire)
Vancouver, British Columbia, May 23,2024 – TheNewswire – Manning Ventures Inc. (the “ Company ” or“ Manning ”) (CSE: MANN; Frankfurt: 1H5) is pleased to announce that it has staked an additionalforty-two (42) new unpatented lode mining claims (351.2 Ha/868 acres)adjacent to the claim block at Copper Hill. The Project is nowcomprised of 108 unpatented lode claims that cover 896.3 Ha (2,215acres).
The claim block was expanded to cover newly identified target zonesfrom geologic mapping that is in-progress, recent gravity surveyresults, recent soil geochemical results, and new U.S. GeologicalSurvey regional magnetic data.
Current surface mapping in-progress by Manning has identified geologiccontrols for copper-bearing skarn mineralization, zoning of the skarnmineralization, and alteration veining in the Jurassic Granodioriteand Feldspar Porphyry.
The recent gravity survey identified strong indicators for copper inskarn that would be expected around a porphyry copper deposit,previously unrecognized fault trends, and geology that is favorablefor copper target zones beneath post-mineral volcanic rocks that hasnever been drill tested.
Recent soil geochemical results correspond with known coppermineralization, skarn zoning, and trends that highlight theskarn/geology mapping correlations. In addition, it corresponds withskarn zoning and gravity indications of skarn, and correlates/alignswith gravity-based fault trends. U.S. Geological Survey Magneticdata is sufficiently detailed to highlight several trends in theProject ground magnetic data.
Image 1: Copper Hill Project withNew Claims and Generalized Geology and Magnetic Interpretation
The Company is currently consolidating all data to identify firstphase drill targets at Copper Hill and anticipates releasing detailsonce the data compilation and targeting is complete.
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 Mining 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 are made. Except as required byapplicable law, the Company assumes no obligation to update or topublicly announce the results of any change to any forward-lookingstatement contained or incorporated by reference herein to reflectactual results, future events or developments, changes in assumptions,or changes in other factors affecting the forward-looking statements.If the Company updates any forward-looking statement(s), no inferenceshould be drawn that it will make additional updates with respect tothose or other forward-looking statements.
Copyright (c) 2024 TheNewswire - All rights reserved.