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Manas Resources Ltd.

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Summary

Project:

Mbengue

Deposit:Mbengue
Location:Cote D'Ivoire
Commodities:Gold
Date:8/21/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:21-8-2019: Manas Resources Ltd. announces an Exploration/Drilling Update report for its Mbengue deposit at the Mbengue project. Drilling results incl. 18m @ 1.00g/t Au from 9m. Manas Resources Limited (ASX: MSR) (“Manas” or “Company”) reports the results
Resources:x
CP/QP:[Overall Report]: Christopher MacKenzie (Internal)
ABSTRACT:Manas Resources Limited (ASX: MSR) (“Manas” or “Company”) reports the results of a programme of widespaced and shallow aircore (“AC”) drilling at the Mbengué gold project (“MGP” or “Mbengué”) in Côte d’Ivoire, West Africa (Figure 1). The MGP is located in northern Côte d’Ivoire 6km north of Barrick’s Tongon mine (~4.5Moz Au), ~27km SE of Terranga’s Wahgnion mine (>2.5Moz Au), 70km southeast of Perseus Mining Limited’s (ASX: PRU “Perseus”) Sissingué mine (~1Moz Au) and 80km southeast of Resolute Mining Limited’s (ASX: RSG) world-class Syama mine (11.5 Moz Au). The Mbengué permit is held by Occidental Gold SARL (a 100% subsidiary of Perseus) and covers 300km2 of the highly-prospective Senoufo greenstone belt (Figure 1). Manas can earn a 70% interest in the permit through sole-finding exploration activities. Earlier this year, Manas identified numerous large-scale gold-in-soil anomalies (ASX release dated 11th June 2019) and discovered a number of kilometre-scale induced polarisation (IP) anomalies underlying some of the soil anomalies (ASX release dated 8th August 2019). To test a small proportion of the geochemical anomalies, the Company completed an air core (AC) drilling programme last month. A hundred shallow reconnaissance holes (for 4,965m) were drilled on very widely spaced drill fences (varying from 300m to 2,000m apart) – refer to Figures 2 & 3. Ten drill fence lines tested 120m to 380m sections across the strike of the main geophysical and geochemical anomalies.

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