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Manning Ventures Discovers Lithium Zone at the Dipole Property in Southern Newfoundland & Announces New Chief Financial Officer
Vancouver, BC - TheNewswire - February 8, 2023 - Manning Ventures Inc. (the “Company” or “Manning”) (CSE:Mann) is pleased to announce that it has received the s
About this update from Manning Ventures Inc
[{"type":"text","content":"Vancouver, BC - TheNewswire - February 8, 2023 - Manning Ventures Inc. (the “Company” or “Manning”) (CSE:Mann) is pleased to announce that it has received the sampling results from the Dipole Lithium Project (the “Property”) located in southern Newfoundland, Canada (Figure 1). Prospecting samples taken from the property confirm highly elevated lithium assays of greater than 300 ppm Li that were taken during the reconnaissance program designed to evaluate the property. The geology in the area of the Dipole Property is described as a white intrusive Granite that varies from fine to coarse grained with alteration of sericite, yellow mica, and various amounts of tourmaline. The finer grained units appear to be aplitic and possible part of an evolved pegmatite system. Five grab samples were taken across strike for approximately 100 meters with assay results yielding 0.07% to 0.10%Li2O (Table 1, Figure 2). The highly anomalous lithium in the samples represents a new anomalous area, and more work is required to fully understand the significance of the find. The lithium bearing zone is located within the Cochrane Pond Granitic Suite that was mapped by the Newfoundland Government Geological team of O’Brien and Tomlin in 1984. During the mapping program lepidolite was noted in the area. Also, further mapping and sampling is required to explore the possibility of additional pegmatite dyke swarms within the volcano-sedimentary rock units which are located to the south of the newly discovered lithium occurrence. Six other Samples were taken in the area of the historical sampling by Falconbridge which was located in sediments located to the south. These samples did not return any significant assays for lithium. In relation to the Kraken Lithium discovery located approximately 50 kilometres away discovered by Benton Resources (TSXV:BEX) and Sokoman Resources (TSXV:SIC), on the same regional geological structure, the “Hermitage Flexure”, the Company is encouraged (Figure 1). The sampling has confirmed lithium-enriched intrusives on the property, and additional work will expand into the core of the volcano-sedimentary rocks where the deposit model suggests LCT-style pegmatite may be located. Table 1. List of Rock Samples Sample Li (ppm) Li2O (%) 392901 406 0.09 392902 472 0.10 392903 348 0.07 392904 47...