EXPLORATION ROUNDUP — Manhattan drills Mexican discovery

A 10,000-ft. drill program is testing a gold discovery by Manhattan Minerals (MAN-T) at its optioned Candamena project in Mexico’s Chihuahua state.

The property lies along the southern margin of the Ocampo caldera, 25 km south of Manhattan’s producing Moris gold mine. Previous work outlined a broad, low-level gold anomaly measuring 2,500 by 2,100 ft., with a stratigraphic thickness of 600 ft.

The anomaly covers a zone of pervasive, gold-bearing, quartz-alunite alteration hosted in weakly welded, rhyolite pyroclastic rocks. Peripheral zoning of silver, lead, zinc and antimony occurs around the highest gold concentrations, with vug-filling sulphur occurring at the highest topographic elevations.

Drill roads have been completed, and channel sampling of the first road cut yielded 350 ft. grading 0.06 oz. gold per ton. Sampling of one drill site yielded 80 ft. averaging 0.048 oz. gold, while another resulted in 60 ft.

grading 0.12 oz. gold.

Meanwhile, at the Moris mine, Manhattan has increased the geological resource to 8.3 million tons grading 0.054 oz. gold from 6.6 million tons of 0.058 oz.

Minable reserves have increased to 5.3 million tons of 0.059 oz. from 4.7 million tons of 0.062 oz.

Manhattan is also drilling its wholly owned Lancones project in Peru.