The mining newspaper for Alaska and Canada's North
MCK: TSX.V
President: Jean Pierre Jutras
Chief Financial Officer: Douglas Porter
Secretary: Barbara O'Neill
Manson Creek Resources Ltd. holds a portfolio of early-stage mineral exploration projects in Yukon Territory, Northwest Territories and British Columbia.
The company's primary focus in 2014 is its Guaman project (Tell property), located about 140 kilometers (87 miles) northeast of Mayo, YT. Manson Creek staked the Tell property in 2002 but has only carried out three short field programs on the property.
Surface prospecting and geochemical sampling in 2005 and 2011 outlined the presence of seven significant zones of metal-bearing gossanous material at surface.
These gossans all carry high level of metals including zinc, nickel, cobalt, as well as anomalous amounts of cobalt, barium, arsenic, mercury and locally silver.
A large zone of stunted vegetation, known as a kill zone, encompasses these gossans.
Manson said the gossans, kill zone and a geophysical anomaly identified in 2012 indicate the potential for a shallow volcanogenic massive sulfide or sedimentary exhalative type deposit.
In March, Manson Creek entered into an agreement with Guatavita Gold Corp., an Alberta-based private company, to create an alliance to further exploration on Tell.
In exchange for funding 65 percent of a C$1 million program at Guaman in 2014, Guatavita will earn a 50 percent interest in the project.
The alliance started its exploration of Guaman with a one-week field program surface sampling, mapping and prospecting.
This program identified a large bedded barite zone capping the favorable target base metal stratigraphy and refined targets for a four-hole drill program that began in late July.
All four holes of this inaugural drilling at Guaman cut anomalous values of silver and zinc throughout the sulfide-bearing shale units and in the contact zone above underlying volcanic units.
The company is seeking data that could point the direction to higher grade mineralization.
Manson Creek's portfolio also includes the Up Town Gold property, located adjacent to the Giant mine in Yellowknife, NT, and the Meridian silver property in southern British Columbia.
Cash and Cash Equivalents: C$840,091 (June 30, 2014)
Working Capital: C$394,012 (June 30, 2014)
Market Capitalization: C$727,000 (Sept. 26, 2014)
808-4th Avenue SW
Suite 800 Calgary, AB, T2P 3E8
Tel: 403-233-0464 Fax: 403-266-2606
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