MANO RIVER RESOURCES (MANA)
MANO RIVER RESOURCES (MANA) – UPDATE ON DEEP DRILLING AT NEW LIBERTY GOLD PROJECT IN LIBERIA
Mano River Resources Inc. the TSX-V and AIM-listed exploration and development company focussed on gold, diamonds and iron ore in West Africa, announces:
• Highly encouraging results from deep diamond drilling at its New Liberty Gold Project
• Assay results from the first eight holes received
• All eight holes intersected ultramafic schist units, host to the gold mineralisation
• Two of the six holes drilled to the minus 200m level returned some of the best intersections ever achieved at New Liberty
• Both deep holes drilled to the minus 500m level confirmed the presence of the gold zone, the better intersection being:K-120 19m grading 1.18 g/t gold (including 3m at 6.21 g/t)
The New Liberty Gold project lies within a 1,000km2 combined exploration and mining licence termed a Mineral Development Agreement in Grand Cape Mount County, western Liberia, 100km north west of Monrovia. It is held 100% by Mano, subject to a 10% free carried interest and a 3% production royalty, both held by the Government of Liberia.
Luis da Silva, CEO of Mano, comments:
“This first phase of our deep drilling programme has yielded encouraging results, which have backed up the predicted nature of the New Liberty ore body and potentially give us the ability to significantly increase the resource ounces of gold. A further programme of drilling will now be planned to provide definition for resource modelling. Underground mining methods will also be investigated as part of conducting a comprehensive new feasibility study for NLGM, with completion in 2009.”
For more information please go to: www.manoriver.com