(TheNewswire)
Vancouver, British Columbia – TheNewswire - March 20, 2024 –Manning Ventures Inc. (the “ Company ” or “ Manning ”)(CSE:MANN ) ; (OTC :MANVF ) ; ( Frankfurt:1H5) is pleased to announce that it is commencingits phase one copper exploration program at the Copper Hill Project,located within the Walker Lane Trend, Nevada, USA.
The Company has engaged Hunsaker Inc. of Elko Nevada to conduct thephase one program on its Copper Hill project located in west centralNevada. Phase one exploration is designed to identify zones to betested by diamond and or reverse circulation drilling. Theexploration program will consist of property-wide soil and rockgeochemical sampling combined with geological mapping and selectiverock samples to be investigated by optical methods.
This exploration will be supplemented with a property-wide gravitysurvey. This initial exploration program is designed to identifyanomalous areas in copper and other indicator metals and toinvestigate the relationship between the known skarn mineralization topotential copper porphyry mineralization that the company is seekingto outline.
The gravity component of the exploration program will aid the companyin determining the relative extent of the intrusive rocks on theproperty. This data combined with historical magnetic and undergroundmapping on the property will assist the company in identifyingsuitable areas for drill follow up.
“We are eager to get boots on the ground and begin work at CopperHill,” said CEO, Alex Klenman. “The project has a history ofyielding high-grade copper. We will follow a methodical, phased,exploration approach in the months ahead using modern targetingtechniques to generate the best set of primary drill targets we can. We know the history of the ground and the fact there’s been littleeffort to explore the property in the last few decades presents acompelling exploration opportunity. We’re looking forward todrilling once the targeting is complete,” continued Mr. Klenman.
About the Copper HillProject
Copper Hill hosts copper-gold-molybdenum mineralization in bothporphyry and skarn styled deposits in Mineral County, Nevada. Theproperty consists of 66 mineral claims covering an area of 2.3 miles.The property is located 22 miles north of Hawthorne, Nevada and isaccessible using well-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.
Image 1: Location of the Copper HillProject, Walker Lane Trend, Nevada, USA
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, or achievements expressed orimplied by the statements. Forward-looking statements speak only as ofthe date those statements are made. Although the Company believes theexpectations expressed in such forward-looking statements are based onreasonable assumptions, such statements are not guarantees of futureperformance and actual results may differ materially from those in theforward-looking statements. Factors that could cause the actualresults to differ materially from those in forward-looking statementsinclude regulatory actions, market prices, and continued availabilityof capital and financing, and general economic, market or businessconditions. Investors are cautioned that any such statements are notguarantees of future performance and actual results or developmentsmay differ materially from those projected in the forward-lookingstatements. Forward-looking statements are based on the beliefs,estimates and opinions of the Company's management on the date thestatements are made. Except as required by applicable law, the Companyassumes no obligation to update or to publicly announce the results ofany change to any forward-looking statement contained or incorporatedby reference 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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