(via TheNewswire)
The Company is eager to expand its energy metals exposure, and increasing its footprint in copper at this time is strategically significant. “Supply deficits, declining grades, and geopolitical instability combined with a widening supply imbalance and increased demand are fueling what appears to be a very strong copper market in the years ahead,” said
About the
Copper Hill hosts copper-gold-molybdenum mineralization in both porphyry and skarn styled deposits in
The Project is centered on a Jurassic Age quartz monzonite porphyry intruding Triassic age Luning Limestone. The claims cover 2.3 sq miles and are 33 miles east of the
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Image 1: Location of the
Historically at Copper Hill, reported high-grade copper was mined from underground shafts from skarn and porphyry-copper styled mineralization at the
*Historic Minning information was summarized from an “Unpublished Report on the Carson Sink Area,
The Copper Hill mineralizing system forms atopographic 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.
Rock sampling collected at this time returned values from select samples of 7.2% and 12.7% copper and 1.06 g/t gold and 1.19 g/t gold respectively.
The target being sought at Copper Hill is a porphyry styled copper-molybdenum-gold deposit.
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Image 2: Copper Hill Project Geochemistry - Cu in Rocks
Terms
Pursuant to the terms and conditions of the Option Agreement dated
During the Option Term, the Company shall pay the Optionor annual minimum payments, which shall each constitute partial payment of Exercise Price, on or before the following dates: I) USD
Upon exercise of the Option, the Optionor will retain a royalty equal to two percent (2%) of net smelter returns from the
About Manning
For further information contact:
Email:info@manning-ventures.com
Telephone: (604) 681-0084
www.manning-ventures.com
FORWARD LOOKING STATEMENTS:
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Certain statements in this press release may contain forward-looking information (within the meaning of Canadian securities legislation), including, without limitation, the Company’spayment of the Exercise Price during the Option Term, the granting of the net smelter return royalty to the Optionor, and the Company’s payment of the annual minimum payments to the Optionor. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Forward-looking statements speak only as of the date those statements are made. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions, or changes in other factors affecting the forward-looking statements. If the Company updates any forward-looking statement(s), no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.
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