(TheNewswire)
Vancouver, British Columbia – TheNewswire - April 2, 2024 –Manning Ventures Inc. (the “ Company ” or “ Manning ”)(CSE:MANN ) ; ( Frankfurt:1H5 ) ; (OTC :MANVF) is pleased to announce thatPhase One exploration is underway at its Copper Hill Project, locatedwithin the Walker Lane Trend, Nevada, USA.
Geological personnel are on site and conducting phase one work of thestaged exploration program at the Copper Hill Project, within theWalker Land Trend, Nevada, USA. The first phase of target generatingwork consists of detailed geologic mapping, soil geochemistry, and aproperty-wide gravity survey. These programs will be integrated todevelop a comprehensive picture of the project. The results will becombined with all available historic data to outline target areas thatcan be tested with core and reverse circulation drilling.
Geologic mapping will add details to the property-wide geologic mapcompleted in the early 2000’s. Copper Hill is centered on a JurassicAge quartz monzonite porphyry that intrudes the surrounding TriassicAge Luning Limestone, which was then cut by a variety of intrusivedikes. Zones of porphyry-related copper and gold-bearing skarnmineralization occur at the intrusive-limestone contacts and alongfault zones in the intrusive.
Detailed mapping will focus on defining:
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The extent and location of the skarn mineralization.
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Delineating skarn mineralization zoning details, around the historicmining and other areas of the project with anomalous copper and goldin the rock geochemistry.
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Delineating porphyry-copper alteration zoning that may provide avector to a hidden porphyry copper type target.
A soil geochemistry program to collect approximately 220 soils is laidout to sample rock contact/skarn zones, fault zones interpreted from aground magnetic survey, and areas covered by shallow colluvial gravel.Sites are spaced every 61 meters (200 feet) on north-south linesspaced 91 meters (300 feet) apart. Samples are laid out to outline andextend the areas of high-grade and anomalous copper, gold, andmolybdenum mineralization sampled in the historic rock chip samples.The samples will be analyzed using a 4-acid digestion method whichwill provide analyses for economic minerals plus trace elements thatare known to be associated with porphyry-related skarn mineralization(silver, zinc, bismuth, and tin).
The gravity geophysical program will aid in determining the extent ofthe intrusive and limestone rocks. Sample locations are laid out toprovide enough points to show the density contrasts between thedifferent lithologies. This will provide data to help delineate thevarious rock types and define fault zone orientations at depth, belowthe surface.
Image 1: Copper Hill Project Geologywith Cu in Rocks
The Company will update the program as it progresses in the weeksahead.
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.
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: aklenman@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.
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