TORONTO, ONTARIO -- 04/01/08 --
Manicouagan Minerals Inc. (TSX VENTURE: MAM) announced today additional encouraging assay results from the Phase II drill program on its wholly owned Brabant Lake zinc deposit in Saskatchewan. Assays for drill holes BR-08-46, BR-08-47 and BR-08-48 have been received and are set out below. These holes constitute the last three holes of the recently completed Phase II drill program and as previously announced, the Company is in the process of calculating a resource estimate - expected by the end of April, 2008 - focused on the higher grade Lower Zone (see MAM press releases dated February 14, 2008 and March 4, 2008).
Drill hole BR-08-47 intersected high grade zinc mineralization, typical of the Lower Zone, and assayed 16.27% zinc and 0.85% copper over a 3.57 metre interval.
Drill holes BR-08-46 and BR-08-48 intersected atypically long - 14.09 metres and 12.82 metres, respectively - intervals of sulphide mineralization with significant lead and silver values. The Lower Zone in drill hole BR-08-48 assayed 2.44% lead and 88.67 grams per tonne silver over 12.82 metres. Typically, at Brabant Lake, significant lead and silver mineralization is characteristic of the Footwall Zone but in BR-08-46 and 48 it appears the lead-silver mineralization overprints pre-existing Lower Zone mineralization.
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Hole Zone From To Length(ii) Zn(%) Cu(%) Pb(%) Ag Au
ID ID(i) (m) (g/t) (g/t)
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BR-08-46 UZ 236.23 239.63 3.40 5.21 0.95 0.18 24.5 0.13
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LZ 275.38 289.47 14.09 4.77 0.85 1.10 60.6 0.35
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BR-08-47 UZ 218.00 221.35 3.35 5.66 0.81 0.03 26.7 0.24
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LZ 250.80 254.37 3.57 16.27 0.85 0.07 26.3 0.01
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BR-08-48 UZ 296.29 298.65 2.36 3.59 0.46 0.05 14.3 0.00
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LZ 335.54 348.36 12.82 3.97 0.55 2.44 88.67 0.45
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(i) Hanging-wall Zone (HWZ), Upper Zone (UZ), Lower Zone (LZ), Footwall
Zone (FWZ)
(ii) down-hole length approximately 85% true width
Manicouagan has drilled 48 drill holes, totaling 15,221 metres, since commencing drilling on the property in November, 2006. A sketch showing drill hole locations is attached. A table of drill results to date as well as additional information on the project, including a NI 43-101 Technical Report prepared by MPH Consulting Ltd and filed with the Company's filings at www.sedar.com, is available on the Company's website at www.manicouaganminerals.com.
The Brabant Lake property consists of 21 contiguous claims registered as ML 5054 and is located immediately east of Highway 102 some 175 km from the all services community of La Ronge, Saskatchewan.
Exploration programs are being carried out under the supervision of Rod Thomas, Vice President - Exploration of the Company. Mr. Thomas, a professional geologist, has reviewed and verified the technical content of this press release on behalf of Manicouagan Minerals and is a "Qualified Person" as defined in National Instrument 43-101. Manicouagan employs 43-101 compliant QA/QC procedures at all points in the sampling, handling, storage and shipment of samples. Blind standards and blanks are inserted into the sample sequence in the field. Analytical services are provided by TSL Laboratories of Saskatoon, Saskatchewan. Samples are crushed, riffle split and pulverized to yield a 250 gram pulp with - 95% -150 mesh. Ag, Cu, Pb and Zn assay is by multi-acid digestion; samples for Ag (g/tonne) and base metals (%) are weighed at 0.5 g. Samples for Au fire assay/gravimetric are weighed at 1 AT (29.16 g). Details on analytical techniques employed by TSL Laboratories may be found on the laboratories' website at www.tsllabs.com.
Manicouagan Minerals Inc. is a Canadian based exploration company with a diversified portfolio of properties. The Company currently holds base metal projects located in Saskatchewan and Quebec, on which exploration programs are ongoing.
Additional information about Manicouagan Minerals and its exploration projects can be found at www.manicouaganminerals.com.
All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.
To view the Brabant Lake Zinc Property, please visit the following link: http://media3.marketwire.com/docs/MAM0331.pdf
The TSXV has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this news release. The TSXV has neither approved nor disapproved the contents of this news release.
Contacts:
Manicouagan Minerals Inc.
Joseph Baylis
President and Chief Executive Officer
(416) 542-3980
Email: investorrelations@manicouaganminerals.com
Website: www.manicouaganminerals.com
