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Manning Ventures Inc (2)
Symbol MANN
Shares Issued 34,009,963
Close 2024-04-26 C$ 0.10
Market Cap C$ 3,400,996
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Manning outlines two target zones at Copper Hill

2024-04-26 10:58 ET - News Release

Mr. Alex Klenman reports

MANNING VENTURES RECEIVES GRAVITY SURVEY DATA FROM THE COPPER HILL PROJECT, NEVADA, USA

Manning Ventures Inc. has received the final documentation from Magee Geophysical Services LLC of Reno, Nev., and the interpretation of that data by J.L. Wright Geophysics of Nevada, for the recently completed gravity survey on its Copper Hill project, located within the prolific Walker Lane trend in Nevada, United States.

The gravity survey was conducted with the objective of aiding the company in defining the lithologic and structural setting of the Copper Hill project and to aid in identifying areas of potential copper mineralization.

The survey successfully identified a broad circular gravity anomaly underlying Copper Mountain, derivatives of the gravity data refined the vertical and horizontal components identifying two new zones showing similar gravity features of those at Copper Mountain. These two new zones represent new targets of potential skarn mineralization.

Mr. Wright, in his interpretation, highlighted that the gravity anomaly occurring under Copper Mountain displays a ring that is coincidental with historic magnetic signatures and skarn mineralization. This interpreted ring represents skarn/marble lithologies and is developed along the contact of the intrusion. Structurally, a number of northwest to west-northwest structural lineaments are evident in the gravity data with a lesser set of lineaments oriented north-south to north-northeast, which bound basins to the east and west. Three of the prominent northwest to west-northwest structures bound the north side of the interpreted intrusion of Copper Mountain and form a structural corridor. The southern structure of the three appears to facet the intrusion and parallels historic skarn workings within the intrusion.

The company is encouraged by the results and interpretation of the gravity data and is currently awaiting results from the soil geochemical survey that completed over the property in March to April of this year. Full compilation of these data will greatly aid the company in its next phase of exploration.

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-bearing and gold-bearing skarn mineralization occur at the intrusive limestone contacts and along fault zones in the intrusive.

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 metal mining in the world. Historic endowment within Walker Lane includes 50 million ounces gold, 700 million ounces silver and four million tonnes copper. Copper Hill hosts copper-gold-molybdenum mineralization in both porphyry-style and skarn-style 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), the Ann Mason deposit, the Bear deposit, the MacArthur deposit and the Pumpkin Hollow mine.

Historically at Copper Hill, reported high-grade copper was mined from underground shafts from skarn-style and porphyry-copper-style mineralization at the Copper Mountain mine. Between 1914 to 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 11.0 per cent copper.

Note: Historic mining information was summarized from an unpublished report on the Carson Sink area in Nevada by F.C. Schrader, U.S. Geological Survey (fieldwork: 1911 to 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 Mining Corp. and Walker-Martel, which conducted ground geophysics, underground mapping, 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 grams per tonne gold and 1.19 grams per tonne gold, respectively.

The target being sought at Copper Hill is a porphyry-style 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 is focused on copper in Nevada, lithium/copper in Ontario and Quebec and multiple iron ore projects in Quebec.

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