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Manado Commences Diamond Drill Program
(via Thenewswire.ca) November 15 , 2013 - Vancouver, British Columbia, Manado Gold Corp....
About this update from Insuraguest Technologies Inc
[{"type":"text","content":"Manado Commences Diamond Drill Program(via Thenewswire.ca)\n\n \nNovember 15 , 2013 - Vancouver, British Columbia, Manado Gold Corp. (\"Manado\") (TSX-V: MDO) is pleased to announce that it has commenced its initial exploration work on the recently acquired Takla Property located in the Omineca Mining Division, British Columbia. The work program will include up to 1,000 meters of NQ diamond drilling which Manado has contacted More Core Diamond Drilling Services Ltd to complete.\n\n\n \nThe Takla Rainbow property is situated in north central British Columbia and is comprised of five mineral claims totaling 4,198 hectares. The region was first prospected in the mid-1800's for its placer gold and after for the lode gold sources. The property was actively explored between 1969 and 1992 by such companies as Imperial Metals Corporation and Eastfield Resources Ltd. Geochemical sampling and geophysical surveying identified a number of zones of gold and copper-gold mineralization. Shallow diamond drilling (87 holes) was concentrated on three structurally-controlled zones of gold mineralization. \n\n\n \nIn 1988, Imperial Metals calculated a historical \"geological reserves\" of 220,000 tons grading 0.40 ounces per ton Au (Assessment Report #17013, 1988, R. Pesalj), which was revised to a historical \"inferred and potential reserves\" 321,101 tons grading 0.25 ounces per ton Au (Assessment Report #22,372, 1992, A.J. Buskas & D.G Bailey). The historical \"geological reserves\" and \"inferred and potential reserves\" cited above is mentioned for historical purposes only and uses terminology not compliant with current reporting standards. The reliability of these historical estimates is unknown but considered relevant by Manado as it represents a significant target for future exploration. The qualified person has not reviewed all pertinent original documents nor done sufficient work to classify the historical estimate as a current mineral resource and Manado is not treating this historical estimate as a current mineral resource. Historical \"geological reserves\" and \"inferred and potential reserves\" are not equivalent to mineral reserves or resources as they are not supported by at least a preliminary feasibility study. In order to verify this as a current estimate, Manado will need to conduct additional exploration work in the form o...