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Manganese X Energy Corp V.MN

Alternate Symbol(s):  MNXXF

Manganese X Energy Corp. is a Canada-based mining company. The Company is engaged in acquiring and advancing mining prospects located in North America with a focus on supplying value-added materials to the lithium-ion battery and other alternative energy industries. Its segments include the acquisition and exploration of mineral property interests in Canada, and technology development through its subsidiary Disruptive Battery Corp. (DBC), which includes a heating, ventilation and air conditioning (HVAC) system to respond to air quality needs. The Company’s principal project is its Battery Hill manganese property located in the Canadian province of New Brunswick. The property consists of about 55 claims covering 1,228 hectares (ha) about five kilometers (km) northwest of the town of Woodstock in Carlton County, southwestern New Brunswick. Its Peter Lake Property consists of 44 mining titles totaling approximately 2568 hectares located in the Central Grenville Province, Quebec.


TSXV:MN - Post by User

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Post by Cibeqon Nov 22, 2012 9:03pm
258 Views
Post# 20634137

Sunset Cove Reports of the Discovery of High Grade

Sunset Cove Reports of the Discovery of High Grade

Sunset Cove Reports of the Discovery of High Grade Silver in the Maria Structure

Two High-grade Channel Samples of 1165 g/t Ag and 1050 g/t Ag.

TORONTO, Nov. 21, 2012 /CNW Telbec/ - (TSXV: SSM) (BVL: SSM) Sunset Cove is pleased to announce the presence of high grade silver in channel samples from altered andesite within the Maria Structure. The Maria structure hosts the May Linn and May Linn1 veins and may be the main feeder structure for the Carolay vein system. The sampling was conducted in two stages: the first stage sampling was designed to characterize the mineralogy and alteration present in the structure. The second stage sampling was focused on obtaining good weighted average grade information in channel traverses across the main structure.

The best assay results for both stages were as follows:

  • Two high-grade individual values: 1165 grams per tonne (g/t) silver (Ag) across 0.3 m and 1050 g/t Ag across 0.30m, with a best average grade of 78.43 g/t Ag across 4.53 m.
  • Four anomalous copper (Cu) values that range from 0.43% Cu to 1.88% Cu.
  • Twelve anomalous zinc (Zn) values that range from 1.13% Zn to 2.59% Zn.

The Maria structure is cored by an andesitic dike that exhibits moderate argillic alteration, strong silicification and features a dark color likely due to the presence of mafic minerals and manganese. The Maria structure contains a hydrothermal alteration assemblage in the form of quartz veinlets with a variety of sulphides including chalcopyrite and disseminated tetrahedrite. The Maria structure has a strike of 335° azimuth and a vertical inclination. The Maria structure measures 6.70 meters wide on average and its visible outcrop measures 135 meters in length, and is likely longer but is covered by overburden at either end of the structure.

"Widespread alteration and polymetallic mineralization within the Maria structure potentially demonstrates that the Maria structure was the main hydrothermal feeder zone and conduit for the fluids that have formed the Carolay vein system and the multiple silver bearing veins that have been discovered to date." said Mr. Lorne Woods, President of Sunset Cove. "This is another amazing discovery here at Sunset Cove, as this might prove that the whole of the Carolay Silver Polymetallic Property is prospective for many more discoveries of sulphide-quartz veins that should contain precious metals"

The northwest trending main Maria structure is cut by a series of crossing normal and reverse faults, which have created the rocky steps that are found within the exploration area. The Maria structure has its strike along the Huayobal gorge axis. The structure cuts across the surrounding metavolcanic rocks. The structure is in contact with highly schistose metavolcanic rocks at lower levels.
Sunset Cove will continue surface exploration with an emphasis on the discovery and the channel sampling of quartz veins in order to identify drill targets for precious and non-precious metals. Sunset Cove plans to test the extent and grade of precious metal mineralization associated with the Maria structure through an upcoming 10,000-meter diamond drilling campaign.

WIDTH Ag g/t Cu % Pb % Zn % Au g/t HIGH VALUES IN THE CHANNEL
CHANNEL 1 0.30 4.27 0.01 0.01 0.02 0.01 5.7 g/t Ag
CHANNEL 2 0.30 14.40 0.06 0.00 0.01 0.01 14.4 g/t Ag
CHANNEL 3 1.43 5.40 0.01 0.01 0.05 0.01 8.4 Ag g/t
CHANNEL 4 0.55 8.06 0.01 0.01 0.02 0.02 12.9 g/t Ag
CHANNEL 5 0.59 2.37 0.01 0.00 0.03 0.02 2.8 g/t Ag
CHANNEL 6 0.26 0.70 0.01 0.01 0.03 0.01 0.7 g/t Ag
CHANNEL 7 0.23 0.60 0.01 0.01 0.09 0.01 0.6 g/t Ag
CHANNEL 8 0.24 1.70 0.01 0.02 0.32 0.01 1.7 g/t Ag and 0.32% Zn
CHANNEL 9 0.66 6.94 0.01 0.02 0.06 0.02 12.8 g/t Ag
CHANNEL 10 0.65 25.36 0.04 0.01 0.03 0.02 49.7 g/t Ag
CHANNEL 11 0.32 0.20 0.01 0.01 0.05 0.01 0.2 g/t Ag
CHANNEL 12 0.96 2.32 0.01 0.02 0.15 0.01 3.8 g/t Ag and 0.26% Zn
CHANNEL 13 0.30 0.60 0.01 0.01 0.58 0.01 0.6 g/t Ag and 0.58% Zn
CHANNEL 14 0.72 0.91 0.01 0.01 0.03 0.01 1.3 g/t Ag
CHANNEL 15 0.33 6.30 0.03 0.07 0.78 0.01 6.3 g/t Ag and 0.78% Zn
CHANNEL 16 0.30 1165.07 1.88 0.01 0.05 0.01 1165.07 g/t Ag and 1.88% Cu
CHANNEL 17 0.86 2.00 0.02 0.02 0.44 0.01 2.9 g/t Ag and 0.48% Zn
CHANNEL 18 0.30 2.20 0.00 0.01 0.16 0.01 2.2 g/t Ag and 0.16% Zn
CHANNEL 19 0.98 4.71 0.01 0.02 1.17 0.01 9.9 g/t Ag and 1.99% Zn

Weighted Average Grades - Sampling - Stage 1

CHANNEL WIDTH Ag g/t Cu % Pb % Zn % HIGH VALUES IN THE CHANNEL
C7 0.87 1.10 0.01 0.02 0.09 2 g/t Ag and 0.2% Zn
C4 1.72 9.71 0.03 0.01 0.01 15.6 g/t Ag
C1 2.46 2.84 0.01 0.07 0.22 9.3 g/t Ag and 0.44% Zn
C3 1.40 2.02 0.02 0.03 0.32 7.2 g/t Ag and 0.33% Pb and 1.43% Zn
C6 1.12 26.35 0.13 0.01 0.03 92.4 g/t Ag and 0.43% Cu
C2 2.18 11.71 0.01 0.04 0.20 22.8 g/t Ag and 0.35% Zn
C5 4.91 10.26 0.02 0.01 0.09 54.4 g/t Ag and 0.26% Zn
C8 4.20 4.54 0.01 0.01 0.06 6.2 g/t Ag and 0.13% Zn
C9 3.35 6.63 0.01 0.01 0.17 18.9 g/t Ag and 0.49% Zn
C10 4.53 78.43 0.08 0.01 0.05 1050 g/t Ag and 0.71% Cu and 0.11% Zn
C11 7.71 2.26 0.01 0.04 1.03 8.9 g/t Ag and 0.13% Pb and 2.59% Zn

Weighted Average Grades - Sampling - Stage 2

Graphic representation of the vein system at the Carolay Project.
https://files.newswire.ca/993/Carolay_Project.pdf

Quality Assurance - Quality Control
The Carolay property exploration program is under the supervision of Mr. Michael Dufresne., M.Sc., P.Geo. of APEX Geoscience Ltd. an independent consultant and Qualified Person as designated by National Instrument 43-101 who has reviewed the technical content of this release. Mr. Bratzon Salvador, Operations manager, supervises exploration at Sunset Cove's projects. All technical information for the company's projects is obtained and reported under a formal quality assurance and quality control (QA/QC) program.

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