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Manning Ventures Inc (2)
Symbol MANN
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Manning completes gravity survey at Copper Hill

2024-04-17 12:26 ET - News Release

Mr. Alex Klenman reports

MANNING VENTURES COMPLETES GRAVITY SURVEY AT THE COPPER HILL PROJECT, NEVADA, USA

Manning Ventures Inc. has completed the gravity survey portion of its phase 1 2024 exploration program at the Copper Hill project, located within the prolific Walker Lane trend, Nevada, United States.

Phase 1 of drill target generating work consists of detailed geologic mapping, soil geochemistry and the now-completed property-wide gravity survey. The results of the survey are being sent to Jim Wright of JL Wright Geophysics for interpretation that will incorporate a comprehensive report and compilation of gravity survey, ground mag and current geology. The results will be combined with all available historic data to outline target areas that can be tested with core and reverse circulation drilling.

The gravity geophysical program advance knowledge and will assist in determining the extent of the intrusive and limestone rocks. Sample locations are laid out to provide enough points to show the density contrasts between the different lithologies. This will provide data to help delineate the various rock types and define fault zone orientations at depth, below the surface.

Copper Hill is centred on a Jurassic-age quartz monzonite porphyry that intrudes the surrounding Triassic-age Luning limestone, which was then cut by a variety of intrusive dikes. Zones of porphyry-related copper- and gold-bearing skarn mineralization occur at the intrusive-limestone contacts and along fault zones in the intrusive.

The company will continue to update the program as it progresses in the weeks ahead.

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 50 million ounces (Moz) gold (Au), 700 Moz silver (Ag) and four million tonnes (Mt) copper (Cu). Copper Hill hosts copper-gold-molybdenum (Cu-Au-Mo) mineralization in both porphyry- and skarn-styled deposits in Mineral county, Nevada. The property consists of 66 mineral claims covering an area of 2.3 miles. The property is located 22 miles north of Hawthorne, Nev., and is accessible using well-maintained county roads.

The project is centred on a Jurassic-age quartz monzonite porphyry intruding Triassic-age Luning limestone. The claims cover 2.3 square miles and are 33 miles east of the Yerington copper district, which hosts the Yerington copper mine (Anaconda 1952 to 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 and 1926, mining from the Copper Mountain mine produced an estimated one million 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 per cent to 11 per cent copper.

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 and 1979 by Idaho Minning Corp. and Walker-Martel, which conducted ground geophysics, underground mapping and prospecting, and reported 6,000 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 per cent and 12.7 per cent copper, and 1.06 g/t and 1.19 g/t gold, respectively.

The target being sought at Copper Hill is a porphyry-styled copper-molybdenum-gold deposit.

Warren Robb, PGeo, 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 Ventures Inc.

Manning Ventures is a mineral exploration and development company focused on metals and materials critical to the growing energy metals space. Manning's project portfolio includes lithium/copper projects in Ontario and Quebec, in addition to multiple iron ore projects in Quebec.

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