Manson Creek Appoints Cornell McDowell as a Director and Provides Summer Exploration Update on the Tell Property, Yukon
CALGARY, ALBERTA--(Marketwired - Jul 14, 2015) - Manson Creek Resources Ltd. (TSX VENTURE:MCK) ("Manson") is pleased to announce that it has appointed Cornell McDowell as a Director and member of the Audit Committee. Mr. McDowell replaces Mr. Jutras who has resigned as a member of the Audit Committee. The Audit Committee now consists of Douglas Porter, Dr. Shane Ebert and Cornell McDowell. Both Dr. Ebert and Mr. McDowell are independent Directors and independent Audit Committee members.
Mr. McDowell is a professional geologist currently self-employed as a geological consultant with Gold Reach Resources Ltd. He has previously worked as a self-employed geological consultant with both publicly listed and privately held mineral exploration corporations, including Tyler Resources Inc., a public exploration company active in Mexico that was purchased by Jinchuan Group of China, Guatavita Gold Corporation, a private exploration company active in Colombia and is currently President and CEO of North Sur Resources Inc. listed on the TSX Venture Exchange. Mr. McDowell graduated from the University of Alberta with a Bachelor of Science Specialization in Geology and obtained his Professional Geologist designation with APEGA in 2011 and APEGBC in 2012.
Manson has also granted to Cornell McDowell, under its Stock Option Plan, options to purchase up to 130,000 common shares for a period of four years commencing on July 14, 2015 at an exercise price of $0.10 per share.
Tell Exploration Update and YMEP Grant
Manson Creek is pleased to report that it has applied for, qualified and received a Yukon Mineral Exploration Grant (YMEP) to reimburse 2015 qualified field expenditures at the rate of 50%, up to a total of $19,599. Manson, with strategic partner Guatavita Gold Corporation plans a prospecting and ground geophysical program this summer with the objective of identifying massive sulphide mineralization on the Tell project.
2014 drilling demonstrated the presence of a large, previously unrecognized, mineralized exhalative system such as related to other significant Yukon deposits and which supports the potential for both VMS/SEDEX massive sulphide exploration models.
Existing stream sample data to the north west, approximately 1.2 kilometers along strike of the exhalative system outlined by the 2014 drilling program suggests that higher grade massive sulphides than found to date in drilling may be exposed along a steeply dipping creek cut. Four (4) stream samples over a discrete creek section over 1 km indicate potential exposure and erosion of sulphide mineralization, with stream samples showing high amounts of zinc (0.40 to 3%), nickel (441 ppm to >1000 ppm), and highly anomalous cobalt, barium, copper and manganese. The 2015 field season plans to fully map and prospect this area for the source of this strong geochemical anomaly, which geochemical signature is consistent with the target style, while showing many elements not seen in the assay data for the area previously drilled.
An updated presentation, with representative pictures of the core as well as location maps and sections can be found on the Manson Creek website at www.manson.ca.
The President of Manson Creek Resources Ltd., Jean-Pierre Jutras, P.Geol., is the Qualified Person responsible for the preparation of this news release.
On Behalf of the Board of Directors,
Jean-Pierre Jutras, President/Director
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.
Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of Manson Creek's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Manson Creek. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Manson Creek's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Manson Creek's filings with the Canadian securities authorities. Accordingly, holders of Manson Creek shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Manson Creek disclaims any responsibility to update these forward-looking statements.
