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Mano River Resources - DISCOVERY OF DIAMONDS........KIMBERLITE NEXT !!! (MANA)     

SueHelen - 09 Jun 2004 23:22

PRICE 10.75-11.50 PENCE.
TRADES OVER 10,000 SHARES ARE DELAYED IN REPORTING BY 1 HOUR...

RNS Number:5760Z
Mano River Resources Inc
09 June 2004


Mano River Resources Inc.

NEWS RELEASE

9 June 2004
No: 2004/10

TSX Venture Exchange (TSX-V) Trading Symbol: MNO
London Stock Exchange (AIM) Trading Symbol: MANA

MANO AND GOLDEN PROSPECT DISCOVER DIAMONDS AND INDICATOR MINERALS IN THEIR
SONFON LICENCES IN SIERRA LEONE

* 5 diamonds weighing 0.841 carats from a 250kg sample in new diamond area
* Diamond inclusion chrome spinels and kimberlitic ilmenites recovered
* Potential new diamondiferous kimberlite cluster in Sierra Leone targeted

Mano River Resources Inc. ("Mano" or the "Company") announces the discovery of
diamonds and indicator minerals from within the Sonfon joint venture licence
package in Sierra Leone, West Africa.

Mano's CEO, Dr Tom Elder comments: "We are excited about the discovery of both
diamonds and indicator minerals in the Sonfon licences. Reconnaissance work has
confirmed the presence of commercial sized diamonds and with the recovery of
kimberlite indicator minerals, the Company is perhaps on track to discover a new
diamond-bearing kimberlite cluster in Sierra Leone."

The Sonfon licences are also currently the subject of a non-diamond Joint
Venture with Golden Star Resources Ltd, which focuses on a 3km long by 300m wide
gold in soil anomaly defined by Mano and from which initial trenching by Mano
has returned a best intersect of 7.3m@7.4g/t (see http://www.manoriver.com/mano/
investor/nr/nr0305_17feb.pdf)

Programme results

The Sonfon licences are located in the centre of Sierra Leone and as such are at
the heart of the West African Craton. Mano was aware of historic reports from
local gold miners of the recovery of diamonds in their pans. An initial single
stream sample, weighing approximately 250kg, was collected and processed for
kimberlite indicator minerals. Although the area is heavily weathered and no
indicators were recovered from the sample, it yielded five macrodiamonds that
weighed a total of 0.841 carats. All of the diamonds were recovered in the
coarse size fraction, with two being over 4mm in size.

The diamonds were individually weighed, measured and described by John Gurney's
Laboratory, Mineral Services, in Cape Town (Table 1). One diamond is classified
as a clear white octahedral gemstone weighing 0.315-carats. Two other diamonds
are also classified as white stones and a further two diamonds are described as
brown in colour. The brown stones are characterized by internal cleavages and
inclusions, which implies that they might not have been subjected to significant
transport. On the basis of these results it was decided to undertake
reconnaissance stream sampling throughout the two Sonfon licences.

Some 58 stream samples were collected and processed for kimberlite indicator
minerals. Three samples yielded kimberlitic chrome spinels and a further three
yielded kimberlitic ilmenite. The spinels were submitted for microprobe
analysis, the results of which indicate that they have compositions that plot
within the World Diamond Inclusion Field (as defined by Fipke et. al. 1995). The
recovery of these indicator minerals suggests that kimberlites may be present
within the licences and, furthermore, the chemistry of the chrome spinels,
coupled with the proximity of the five macrodiamonds, implies that any
kimberlites are likely to be diamond-bearing.

The joint venture has undertaken follow-up stream and loam sampling over the two
anomalous areas and these samples have been dispatched to South Africa for
analysis. It is hoped that the results will isolate the source areas, over which
ground geophysics can be focused in the dry season, to identify possible drill
targets.

Mano's Qualified Person responsible for supervising the exploration programme is
Karl Smithson, who holds a B.Sc. (Hons) Degree in Geology from Kingston
University in the UK and is a Fellow of the Institution of Materials, Minerals
and Mining.

Mano's diamond portfolio in Sierra Leone

Mano River has a number of licences in Sierra Leone for both gold and diamonds.
It has discovered an extensive and significantly diamond bearing kimberlite dyke
zone in its Kono diamond field licences. These licences are adjacent to the
Koidu diamond pipe mine of Koidu Holdings, where a 10,000-carat parcel of
diamonds recently sold for $225 per carat. Grades of up to 94 cpht have been
recovered from preliminary mini-bulk sampling of the dykes by Mano and the
feasibility of mining the dykes will be investigated. The Company has a 9,700km2
reconnaissance licence in the south east quadrant of Sierra Leone on which it
has recently signed a US$3.3m joint venture with BHP Billiton for an aggressive
diamond exploration programme.

Kimberley process

Since the implementation of the Kimberley Process Certification scheme, Sierra
Leone has seen its diamond exports for the year 2003 rise to 500,000 carats with
a value of $76million. With the continuing formalization of the diamond mining
industry, and increasing investment in diamond exploration in Sierra Leone, the
diamond production and export volumes are forecast to continue upwards and may
exceed $100million in value for 2004.

About Mano

Mano is a well-funded exploration company focused on the discovery of gold and
diamond deposits in the Archaean terrain of the highly prospective,
under-explored, West African Mano River Union (MRU) countries of Sierra Leone,
Liberia and Guinea. Mano considers the region has the potential to develop into
a world class gold and diamond-mining province. The Company now has over
25,000km2 under licence, close to one million ounces of gold in resource, a
cluster of diamondiferous kimberlite pipes and joint ventures in place with
Golden Star, BHP Billiton and Trans Hex Group which, if they are all fully
exercised, will involve a total of over US$11m in third party expenditure. With
increasing market recognition of the recent positive evolution in the regional
politics, Mano is starting to capitalise on its position as the pre-eminent gold
and diamond explorer in the sub-region.

On behalf of the Board of Mano River Resources Inc.
Tom Elder
President and CEO

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:

Tom Elder President and CEO UK +44 (0) 1235 810 740
Gary Middleton Capital PR UK +44 (0) 7951 603 289
Raz Hussein Controller Canada +1 (604) 689 1700

The TSX Venture Exchange has not reviewed and does not take responsibility for
the adequacy or accuracy of this release


Table 1 - Diamond Descriptions

Sample Screen Weight Form Morphology Colour Intensity Clarity X (mm) Y (mm)
Number Size (Cts)

SOF-1 1000 0.315 B Octahedron White 0 0 4.15 3.15

SOF-1 1000 0.076 B Octahedron White 0 2 2.60 2.40

SOF-1 1000 0.120 B Dodecahedron White 0 3 2.85 2.45

SOF-1 1000 0.259 B Octahedron Brown 1 3 4.00 3.70

SOF-1 1000 0.072 B Octahedron Brown 1 4 3.15 2.50


Forms:

A Equidimensional stone that is equally
developed along all 3 crystallographic axes
and approaching a perfect shape.

B Single crystals that are not equally
developed along all 3 crystal axes and that
may be distorted. Also includes macles and
aggregates. Note: Even very slightly
distorted crystals classify as B.

C Stones that are flat, represent a chip, or
are very thin macles.


Colour Intensity:

0 White stones are automatically set to zero.

1 Colour is visible as a faint hue.

2 The hue is easily visible.

3 The colour is strong.

4 The colour is so strong that it makes the
stone opaque.

Clarity:


0 No inclusions or cleavages and stone is
perfectly clear.

1 <1% - trace cleavages and/or inclusions
present.

2 1-5% - minor cleavages and/or inclusions
present.

3 5-20% - moderate cleavages and/or
inclusions present.

4 20-70% - extensive cleavages and/or
inclusions present.

5 The stone is opaque due to cleavages and/or
inclusions.





This information is provided by RNS
The company news service from the London Stock Exchange

END

Mano River, Golden Prospect find diamonds in Sierra Leone
AFX
Diamonds found by Mano and Golden Star Resources in Sierra Leone..

Mano River Resources Inc and Golden Star Resources Ltd have found diamonds in the Sonfon joint venture licence area in Sierra Leone, West Africa.

'Reconnaissance work has confirmed the presence of commercial sized diamonds and with the recovery of kimberlite indicator minerals, the company is perhaps on track to discover a new diamond-bearing kimberlite cluster in Sierra Leone,' said Mano's chief executive Dr Tom Elder.

Mano recovered five diamonds weighing 0.841 carats from a 250kg sample in new diamond area.

Mano's price rose sharply by 27.7% to 11.5p during this mornings trading.

-------------------------------------------------------------------------------
Tom Elder (President.Tel.: 01235-810-740), Guy Pas (Co-Chairman), Anthony Rhatigan (Co-Chairman), Peter Dwerryhouse, Rod McKeen, Roger HaiatNet Assets

Major Shareholders: Eastbound Resources Limited 17.6%
Management Holding: Other than Eastbound Resources Limited 5.44%

LINKS:
Company Website: http://www.manoriver.com
Stockhouse Bullboard: http://www.stockhouse.com/bullboards/forum.asp?Symbol=MNO&table=list
MMC in Sierra Leone: http://www.mineit.co.uk/page13.html
Country Background: Sierra Leone: http://www.jubileeplus.org/databank/profiles/sierra.htm
Top 20 diamonds: http://brysonburke.com/diamonds_top_twenty.html
Rex Links: http://www.rexmining.be/rdmc/linksandinfo.htm
SL Geology: http://www.africadiamond.com/press/miningjournal.sl.pdf
Diamond Indicators (G10): http://brysonburke.com/indicator_minerals_pyrope_garnet.html
SL History: http://www.slider.com/enc/48000/Sierra_Leone_History.htm
SL Politics: http://www.wikipedia.org/wiki/Politics_of_Sierra_Leone
Power Players in Sierra Leone: http://www.cryfreetown.org/participants.html
Harry Winston, Gold/Diamonds in SL: http://www.advfn.com/cmn/fbb/thread.php3?id=3300051

Ma & Pa Operation / Photos (not Mano!): http://www.brookshiremcdonald.com/photos.htm

graph.php?scheme=Colourful&startDate=09%graph.php?enableBollinger=true&showVolumgraph.php?startDate=09%2F03%2F04&period=

SueHelen - 10 Jun 2004 09:24 - 6 of 87

Hi guru'

AFG, AFD, NML, MANA, CDN, CDG, CAN, CFM, MIO.

Little pull back this morning in MANA...10.00-10.75 pence...

With regards to MANA...

KPO
SL Dyke results
BHP JV extended to Liberia (?)

All to come soon ....

gurumaister - 10 Jun 2004 09:48 - 7 of 87

SueHelen,

That is really helpful. Many thanks.

SueHelen - 10 Jun 2004 09:54 - 8 of 87

Couple of large buys have gone through...doesn't normally happen with MANA...

100,000 single protected BUY at 10.5 pence and 149,728 BUY at 10.69 pence.

SueHelen - 10 Jun 2004 09:58 - 9 of 87

The test results yesterday was only the first batch from 58 samples
and we could get results back anytime. Yes...58 samples.

Read the report on Mano's website http://www.manoriver.com/mano/investor/nr/nr0410_09jun.pdf

simonpaynton - 10 Jun 2004 10:09 - 10 of 87

SueHelen

Thanks for all your advice on this, all sounds most exciting!!
I have jump on board with a very minor amount of shares (major for me though).
Please keep up you reports as it really is useful to people like myself who really dont know where to start....

Lets hope I do better with this one than Matrix (MXC) my last disapointing share...

Thanks again...

Simon

SueHelen - 10 Jun 2004 10:15 - 11 of 87

I'm sure you will Simon...abudanace of news to come in the distant future. Sometimes on off days there is the need to hold our nerves with the mining stocks as they can be volatile...

SueHelen - 10 Jun 2004 10:49 - 12 of 87

The Bollinger Bands are moving in the right direction (below chart) :

graph.php?scheme=Colourful&enableBolling

bivrip77 - 10 Jun 2004 10:52 - 13 of 87

SUEHELEN/OPTIMIST23 ON ADVFN YOU ARE SO SAD! RAMP RAMP RAMP RAMP. Complete Pump & Dump like verything else you have ever bought into!

SueHelen - 10 Jun 2004 10:54 - 14 of 87

Excuse me....

SueHelen - 10 Jun 2004 10:55 - 15 of 87

Price has just ticked up to 10.00-11.00 pence.

SueHelen - 10 Jun 2004 10:57 - 16 of 87

RNS Number:6220Z
Golden Prospect PLC
10 June 2004

GOLDEN PROSPECT PLC

GOLDEN PROSPECT PLC AND MANO RIVER RESOURCES INC DISCOVER DIAMONDS AND INDICATOR
MINERALS IN THEIR SONFON LICENCES IN SIERRA LEONE

* 5 diamonds weighing 0.841 carats from a 250kg sample in new diamond area

* Diamond inclusion chrome spinels and kimberlitic ilmenites recovered

* Potential new diamondiferous kimberlite cluster in Sierra Leone targeted

Golden Prospect plc ('Golden Prospect' or the 'Company') announces that Mano
River Resources Inc. ("Mano"), its joint venture partner and manager, has
discovered diamonds and indicator minerals from within the Golden Prospect/Mano
River Resources Sonfon joint venture licence package in Sierra Leone, West
Africa.

The Company's Chairman, Malcolm Burne re-iterated the comments of Mano's
President and CEO, Tom Elder: 'We are excited about the discovery of both
diamonds and indicator minerals in the Sonfon licences. Reconnaissance work has
confirmed the presence of commercial sized diamonds and with the recovery of
kimberlite indicator minerals, the Company is perhaps on track to discover a new
diamond-bearing kimberlite cluster in Sierra Leone.'

The Sonfon licences are also currently the subject of a non-diamond Joint
Venture with Golden Star Resources Ltd, which focuses on a 3km long by 300m wide
gold in soil anomaly defined by Mano and from which initial trenching by Mano
has returned a best intersect of 7.3m@7.4g/t

Programme results

The Sonfon licences are located in the centre of Sierra Leone and as such are at
the heart of the West African Craton. The Company was aware of historic reports
from local gold miners of the recovery of diamonds in their pans. An initial
single stream sample, weighing approximately 250kg, was collected and processed
for kimberlite indicator minerals. Although the area is heavily weathered and no
indicators were recovered from the sample, it yielded five macrodiamonds that
weighed a total of 0.841 carats. All of the diamonds were recovered in the
coarse size fraction, with two being over 4mm in size.

The diamonds were individually weighed, measured and described by John Gurney's
Laboratory, Mineral Services, in Cape Town (Table 1). One diamond is classified
as a clear white octahedral gemstone weighing 0.315-carats. Two other diamonds
are also classified as white stones and a further two diamonds are described as
brown in colour. The brown stones are characterized by internal cleavages and
inclusions, which implies that they might not have been subjected to significant
transport. On the basis of these results it was decided to undertake
reconnaissance stream sampling throughout the two Sonfon licences.



Some 58 stream samples were collected and processed for kimberlite indicator
minerals. Three samples yielded kimberlitic chrome spinels and a further three
yielded kimberlitic ilmenite. The spinels were submitted for microprobe
analysis, the results of which indicate that they have compositions that plot
within the World Diamond Inclusion Field (as defined by Fipke et. al. 1995). The
recovery of these indicator minerals suggests that kimberlites may be present
within the licences and, furthermore, the chemistry of the chrome spinels,
coupled with the proximity of the five macrodiamonds, implies that any
kimberlites are likely to be diamond-bearing.

The joint venture has undertaken follow-up stream and loam sampling over the two
anomalous areas and these samples have been dispatched to South Africa for
analysis. It is hoped that the results will isolate the source areas, over which
ground geophysics can be focused in the dry season, to identify possible drill
targets.

Mano's Qualified Person responsible for supervising the exploration programme is
Karl Smithson, who holds a B.Sc. (Hons) Degree in Geology from Kingston
University in the UK and is a Fellow of the Institution of Materials, Minerals
and Mining.

Kimberley process

Since the implementation of the Kimberley Process Certification scheme, Sierra
Leone has seen its diamond exports for the year 2003 rise to 500,000 carats with
a value of $76million. With the continuing formalization of the diamond mining
industry, and increasing investment in diamond exploration in Sierra Leone, the
diamond production and export volumes are forecast to continue upwards and may
exceed $100million in value for 2004.

On behalf of the Board of Golden Prospect plc

M.A.Burne
Chairman





Table 1 - Diamond Descriptions
Sample Screen Weight Form Morphology Colour Intensity Clarity X Y
number size (Cts) (mm) (mm)


SOF-1 1000 0.315 B Octahedron White 0 0 4.15 3.15
SOF-1 1000 0.076 B Octahedron White 0 2 2.60 2.40
SOF-1 1000 0.120 B Dodecahedron White 0 3 2.85 2.45
SOF-1 1000 0.259 B Octahedron Brown 1 3 4.00 3.70
SOF-1 1000 0.072 B Octahedron Brown 1 4 3.15 2.50



Forms:
A Equidimensional stone that is equally developed along all 3 crystallographic
axes and approaching a perfect shape.
B Single crystals that are not equally developed along all 3 crystal axes and
that may be distorted. Also includes macles and aggregates. Note: Even very
slightly distorted crystals classify as B.
C Stones that are flat, represent a chip, or are very thin macles.



Colour Intensity:
0 White stones are automatically set to zero
1 Colour is visible as a faint hue
2 The hue is easily visible
3 The colour is strong
4 The colour is so strong that it makes the stone opaque



Clarity:
0 No inclusions or cleavages and stone is perfectly clear
1 <1% - trace cleavages and/or inclusions present
2 1-5% - minor cleavages and/or inclusions present.
3 5-20% - moderate cleavages and/or inclusions present
4 20-70% - extensive cleavages and/or inclusions present.
5 The stone is opaque due to cleavages and/or inclusions




This information is provided by RNS
The company news service from the London Stock Exchange
END

MSCFMMMTMMIBBAI

SueHelen - 10 Jun 2004 11:00 - 17 of 87

This release is exactly the same apart from its for Golden Prospect who hold 50% of the Joint Venture land.

simonpaynton - 10 Jun 2004 11:35 - 18 of 87

Hey this ramping stuff, do you really think anything people say on here is going to make a change in the price :) I doubt it, you could be correct though, I invested a whole 400 in this one, bet that ramped the price no end!!!

Some people are so bitter......

SueHelen - 10 Jun 2004 16:06 - 19 of 87

Times Newspaper Today:

June 10, 2004

Talking points

Smaller stock to watch


AIM-LISTED Mano River Resources rose 2.18p to 11.18p, after its Sonfon joint venture announced a diamond discovery in Sierra Leone. The exploration vehicle said a stream sample had yielded five “commercial-sized” stones in a new diamond area within the West African state. The Sonfon licences are the subject of a non-diamond venture with Golden Star Resources.

SueHelen - 10 Jun 2004 18:17 - 20 of 87

From the announcement yesterday we can conclude that 1 sample of 250kg was taken, which contained 5 macrodiamonds, heavily weathered so no indicator minerals.

separately 58 stream samples were taken over an area to trace the potential source of these diamonds. Purpose not to find more diamonds (although good) but to find the KIs to map back to potential Kimberlite bodies.

These 58 stream sample have lead to 2 areas being indentified for follow up samples - ie the KIs recovered point towards potential Kimberlite sources and they want to refine this further with sampling to reduce the area for the next step (geophysics/drilling).

All positive.

SueHelen - 10 Jun 2004 22:27 - 21 of 87

Investtech Analysis :

Neutral (Short term) - Jun 10, 2004
Has broken through the ceiling of a falling trend channel. This indicates a slower falling rate initially, or the start of a more horizontal development. The stock is approaching the support at p 10.30, which may give a positive reaction. The poor liquidity of the stock (traded 100% of the days, mean 7.24 mill per day) may weaken the analysis. The stock is overall assessed as technically neutral for the short term.

Resistance at 14.00 and 17.00 pence.

SueHelen - 10 Jun 2004 22:28 - 22 of 87

Neutral (Medium term) - Jun 10, 2004
Has broken through the ceiling of a falling trend channel. This indicates a slower falling rate initially, or the start of a more horizontal development. The stock has support at p 7.10 and resistance at p 17.00. Poor liquidity (traded 100% of the days, mean 7.24 mill per day) weakens the analysis. The stock is overall assessed as technically neutral for the medium long term.

Volume Balance is very positive.

deadfred - 11 Jun 2004 08:20 - 23 of 87

were u been

simonpaynton - 11 Jun 2004 08:40 - 24 of 87

So whats all that mean for the share price???

SueHelen - 11 Jun 2004 09:21 - 25 of 87

It means the price has support at 10.30 and the indicators are turning positive in that we are out of the falling trend now...
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