Manson Acquires DJ Jade Project Washington State, USA, Field Work Begins
CALGARY, Alberta, Aug.28, 2017(GLOBE NEWSWIRE) -- Manson Creek Resources Ltd. (TSX-V:MCK) ("Manson") is pleased to announce the acquisition through a combination of Option Agreement and staking of the DJ Jade project in Washington State, USA.
The property, consisting of existing and recently filed Lode Claims covers an area of slightly more than 140 hectares, with 3 historical and one newly identified nephrite jade occurrences, which have been visited and confirmed by the Company's representative.The portion of the claims under option require a total of USD $86,000 in property payments (USD $6,000 of which has been paid for the first year)and a staged work commitment of USD $80,000 over 4 years in order for the Company to earn 100% of the mineral rights associated with those claims, subject to royalties. Additional claims staked around the initial claims optioned fall within an area of mutual interest, and are considered part of the original Option Agreement.
The DJ project is located on public lands, where activities, access and mineral rights are jointly managed by both the National Forest Service and the Bureau of Land Management (BLM).The project is in an area that has previously been logged, and for which there is current road access.
The Company intends to conduct three phases of work on the project during the rest of the year's field season, which can extend into November at the project's elevation under normal circumstances.These programs include surveying, prospecting, mapping, hand trenching and sampling of materials at surface to determine some of the Jade's characteristics and indication of potential quality.
Test geophysical surveys will also be deployed to help determine the geometry of identified Jade bodies and their potential extensions.The Company's objective for this year at the DJ project is to begin outlining possible trenching and drilling targets on potentially sizeable jade occurrences.
Mr. Jean-Pierre Jutras, P.Geol., President of the Company, is the Qualified Person for the DJ project as defined by National Instrument 43-101 and has approved the technical disclosure contained in this news release.
On Behalf of the Board of Directors,
"Jean-Pierre Jutras"
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.
For Further Information Contact: Jean-Pierre Jutras at 1.403.233.0464 Web: http://www.manson.ca