(TheNewswire)
Vancouver, British Columbia, July 8, 2024 – TheNewswire – Manning Ventures Inc. (the “Company” or “Manning”) (CSE: MANN; Frankfurt: 1H5) is pleased to announce it has received all geochemical analysis from ALS Global for the soil geochemistry program conducted on the 896.3 Ha (2,215 acres) Copper Hill project located 40 kms northeast of Hawthorne, Nevada, USA.
The soil geochemistry program consisted of collecting 216 samples along north-south lines trending lines spaced 90 meters (300 feet) apart with samples collect at stations spaced 60 meters (200 feet) apart. In addition to the Laboratory’s internal QA/QC procedures a program of inserting Certified Referenced Material ("CRM") into the sampling stream was employed.
The program was designed to test for and expand on the copper skarn mineralization that occurs at Copper Hill. This geochemical data was compiled with the recent Gravity and historic Magnetic data to aid the company in defining suitable targets to be tested by diamond drilling.
The results of the geochemistry survey identified two board geochemical anomalous trends. On the northern portion of the grid a prominent east-west zone anomalous in iron, copper and gold, and in the southwestern portion of the grid a prominent northwesterly trending zone, anomalous in Tungsten, Molybdenum and Arsenic. Together these anomalous zones form a broad Halo encircling the mountain called Copper Hill.
The northern portion of the grid shows a broad east-west trending zone that is anomalous in copper, iron and gold. This trend extends for 800 meters east-west and is up to 200 meters wide. The zone is sub parallel with a number of interpreted structural lineaments identified by earlier magnetics surveys.
The second anomalous trend occurs on the southwestern portion of the grid where tungsten, molybdenum and arsenic appear more concentrated in a northwesterly trending zone parallel to the interpreted structural lineaments.
The company is encouraged by the results of the geochemical survey as this data enhances its understanding of the skarn mineralization occurring there.
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Image 1: Copper ppm in soils-preliminary data, Copper Hill Project, Nevada, USA
The Company is currently planning a first phase drill program at Copper Hill and anticipates announcing details shortly.
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Image 2: Location of Copper Hill, Walker Lane Trend, Nevada, USA
About the Copper Hill Project
Located within the prolific Walker Lane trend in southern Nevada, Copper Hill is situated one of the premier jurisdictions for precious metals mining in the world. Historic endowment within Walker Lane includes 50Moz Au, 700Moz Ag, and 4Mt Cu. Copper Hill hosts copper-gold-molybdenum mineralization in both porphyry and skarn styled deposits in Mineral County, Nevada. The property consists of 108 mineral claims covering an area of 893-ha, located 22 miles north of Hawthorne, Nevada and is accessible using well-maintained County Roads.
The Project is centered on a Jurassic Age quartz monzonite porphyry intruding Triassic age Luning Limestone. The claims cover 2.3 sq miles and are 33 miles east of the Yerington Copper District which hosts the Yerington Copper Mine (Anaconda 1952-1978), Ann Mason Deposit, Bear Deposit, MacArthur Deposit, and the Pumpkin Hollow Mine.
Historically at Copper Hill, reported high-grade copper was mined from underground shafts from skarn and porphyry-copper styled mineralization at the Copper Mountain Mine. Between 1914 to 1926 mining from the “Copper Mountain Mine” produced an estimated 1,000,000 pounds of copper from shallow underground workings. Historic reporting from the period of production describes ore zones of contact skarn- type and porphyry-type mineralization with shipping grades ranging from 3.5 to 11.0% copper*.
*Historic Mining information was summarized from an “Unpublished Report on the Carson Sink Area, Nevada by F.C. Schrader, U.S. Geological Survey (Field work 1911-1920) 1947”. Manning Ventures cautions investors that the historic exploration and production information is believed to be accurate but has not been verified by a qualified person.
The Copper Hill mineralizing system forms a topographic high surrounded and partially covered by younger volcanic rocks. Mineralization identified at Copper Hill are bornite, chalcocite, chalcopyrite, chrysocolla, copper-native, covellite, cuprite, gold, malachite, molybdenite, silver, sphalerite (rare), and tetrahedrite.
The Copper Mountain area was explored between 1959 to 1979 by Idaho Minning Corp. and Walker-Martel who conducted ground geophysics, underground mapping, prospecting and reported 6000 feet of Rotary drilling. Since that time ground magnetics were conducted in 2007.
Rock sampling collected at this time returned values from select samples of 7.2% and 12.7% copper and 1.06 g/t gold and 1.19 g/t gold respectively.
The target being sought at Copper Hill is a porphyry styled copper-molybdenum-gold deposit.
Warren Robb P.Geo., is the designated Qualified Person as defined by National Instrument 43-101 and is responsible for the technical information contained in this release.
About Manning
Manning Ventures is a mineral exploration and development company focused metals and materials critical to the growing Energy Metals space. Manning’s project portfolio is focused on Copper in Nevada, Lithium/Copper in Ontario and Quebec, and multiple Iron Ore projects in Quebec.
For further information 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 Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Certain statements in this press release may contain forward-looking information (within the meaning of Canadian securities legislation), including, without limitation, the Company’s payment of the Exercise Price during the Option Term, the granting of the net smelter return royalty to the Optionor, and the Company’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 be materially different from any future results, performance, or achievements expressed or implied by the statements. Forward-looking statements speak only as of the date those statements are made. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual 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 inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.
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