MANA Man.Assd.Csh

 

TIDMMANA 
 
RNS Number : 9575Q 
Mano River Resources Inc 
22 April 2009 
 

 
 
 
 
22 April 2009 
 
 
TSX-V: MNO 
AIM:     MANA 
GOLD PROJECT UPDATE (LIBERIA) 
 
 
Mano River Resources Inc. ("Mano" or the "Company") the TSX Venture Exchange 
("TSX-V") and AIM listed exploration and development company focused on gold, 
iron ore and diamonds in West Africa is pleased to provide an update on its gold 
programme for 2009. 
Highlights 
 
 
  *  Bankable Feasibility Study ('BFS') for underground mine at New Liberty deposit 
  targeting 100,000 oz pa to be completed during 2010 
  *  Current resource of 1.4 Moz, (NI 43-101) 13.533Mt measured and indicated at 3.18 
  g/t gold 
  *  Follow up drilling below 200m depth on zone with : 
    *  23m grading 4.95 g/t gold (including 12m at 9.12g/t) and 
    *  31m grading 3.59 g/t gold (including 17m at 7.03 g/t) 
 
  *  Project Manager to be recruited to accelerate the development of New Liberty 
  *  Initial 5,000m drilling programme planned for satellite deposits in close 
  proximity to New Liberty 
 
 
 
New Liberty gold deposit 
The New Liberty deposit is a sub vertical shear zone hosted Archaean age gold 
deposit located in the Company's 25 year renewable Bea Mountain mining licence 
in western Liberia. The project currently has a NI-43-101 resource estimate of 
1.4 Moz comprising 13.533Mt measured and indicated at 3.18 g/t gold. Results 
from a deeper drilling programme, undertaken by the Company in 2008, have not 
yet been included in the current estimate. These include intersections below 
200m depth of 23m grading 4.95 g/t gold from 205m and 31m grading 3.59 
g/t gold from 214m. 
 
 
With the successful completion of the transaction with Severstal Resources on 
the Putu iron ore project in eastern Liberia, Mano plans to aggressively 
accelerate the development of its advanced gold projects in Liberia. The Company 
will now recruit a mining engineer as project manager responsible for overseeing 
the completion of a revised BFS for an underground gold mine at New Liberty. 
This is in line with the recommendations of a conceptual mining study undertaken 
by AMC Consultants (UK) Limited in September 2008 proposing two conceptual 
mining methods, namely sub-level open stoping or up-hole retreat stoping. The 
BFS will be undertaken by an independent firm of consultants with expertise in 
designing underground gold mines. An infill core drilling programme to depths of 
up to 300 metres is planned to commence at New Liberty in 2009. 
 
 
In addition to advancing New Liberty, a follow up resource definition drilling 
programme will be undertaken on satellite gold projects in close proximity to 
New Liberty. The immediate focus will be the Weaju gold deposit, located 30km to 
the north east, where previous drilling intersections have included 19.63 g/t 
gold over 6m from 18m and 27.72 g/t gold over 6m from 47m. 
 
 
  Luis da Silva, President & CEO of Mano commented: 
 
 
"We are extremely pleased with the progress made at the New Liberty Gold Project 
in western Liberia, which continues to demonstrate considerable potential. Our 
2009 drill programme will be intensively focussed on strengthening Mano's gold 
portfolio through increasing confidence and expanding the resource. 
 
 
"Following completion of the transaction with Severstal, we are now well placed 
to implement our strategy aimed at creating value through enhancing our overall 
resource base and developing our gold projects towards production." 
 
 
ENDS 
 
 
Mano's Qualified Person responsible for preparing this release is its Director, 
Dr Tom Elder, who holds a BSc and Doctorate in Geology from the University of 
Durham in the UK, is a Fellow and former Member of Council of the Institution of 
Mining and Metallurgy of the UK, and a Fellow of The Geological Society. 
For further information concerning the resource estimate disclosed herein, 
please refer to the news release of Mano dated October 24, 2006 or the Technical 
Report dated October 24, 2006 prepared by Dexter Ferreira and Pierre Fourie of 
Lower Quartile Solutions (Pty) Ltd. which are available at www.sedar.com. 
 
 
For further information on Mano River Resources and its exploration programme, 
you are invited to visit the Company's website at www.manoriver.com or contact 
one of the following: 
 
 
 
 
Mano River Resources Inc 
Luis da Silva, CEO Tel:  +44 (0) 20 7299 4212 
 
 
Evolution Securities Limited 
Simon Edwards / Chris Sim / Neil ElliotTel:  +44 (0) 20 7071 4300 
 
 
Pelham Public Relations 
Charles Vivian / James MacFarlane Tel:  +44 (0) 20 7337 1500 
 
 
 
 
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term 
is defined in the policies of the TSX Venture Exchange) accepts responsibility 
for the adequacy or accuracy of this release. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCEAKLAAFSNEEE 
 

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