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Manning Ventures to Acquire Copper Project in Nevada
Vancouver, British Columbia – TheNewswire - March 5, 2024 – Manning Ventures Inc. (the “Company” or “Manning”) (CSE: MANN; Frankfurt: 1H5) is pleased to announc
About this update from Manning Ventures Inc
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - March 5, 2024 – Manning Ventures Inc. (the “Company” or “Manning”) (CSE: MANN; Frankfurt: 1H5) is pleased to announce that it has entered into an Option Agreement (the “Option Agreement”) with Claremont Mines Nevada, LLC (the “Optionor”) who is the legal and beneficial owner of 66 unpatented lode mineral claims located in the State of Nevada (the “Copper Hill Project”) whereby the Optionor has granted the Company the right to acquire a 100% interest in the Copper Hill Project, located within the Walker Lane Trend, Nevada, USA. The Company is eager to expand its energy metals exposure, and increasing its footprint in copper at this time is strategically significant. “Supply deficits, declining grades, and geopolitical instability combined with a widening supply imbalance and increased demand are fueling what appears to be a very strong copper market in the years ahead,” said Alex Klenman, CEO. “New supplies from proven geopolitically sound jurisdictions must be secured to meet demand estimates over the next few decades. We like this project in Nevada, which has seen strong historical results. This is an excellent addition to our portfolio, and we’ll announce phase one exploration and drilling plans shortly,” continued Mr. Klenman. About the Copper Hill Project Copper Hill hosts copper-gold-molybdenum mineralization in both porphyry and skarn styled deposits in Mineral County, Nevada. The property consists of 66 mineral claims covering an area of 2.3 miles. The property is located 22 miles north of Hawthorne, Nevada and is accessible using well-maintained County Roads. The Project is centered on a Jurassic Age quartz monzonite porphyry intruding Triassic age Luning Limestone. The claims cover 2.3 sq miles and are 33 miles east of the Yerington Copper District which hosts the Yerington Copper Mine (Anaconda 1952-1978), Ann Mason Deposit, Bear Deposit, MacArthur Deposit, and the Pumpkin Hollow Mine. Image 1: Location of the Copper Hill Project, Walker Lane Trend, Nevada, USA Historically at Copper Hill, reported high-grade copper was mined from underground shafts from skarn and porphyry-copper styled mineralization at the Copper Mountain Mine. Between 1914 to 1926 mining from the “Copper Mountain Mine” produced an estimated 1,000,000 pounds of copper from shallow u...