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

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.

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.

were u been

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

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...

So thats good then yes??

Yes Simon...

Sue,

Do you think that if we get a steady but contanst flow of positive news on those 58 samples the price will develop sustainably or is it better if the news come all at once. Any time frame? Thanks

As long as we stay above the 10.30 pence support then the price is looking good for the short term :

Good Morning Xmortal :

It was my mistake in one of my earlier posts that 57 samples were left yet to be taken. As I understand now 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).

The newsflow is very good with MANA at the moment and more good news should be coming in the next few weeks....the big target now is KIMBERLITE....

The price of MANA is still undervalued...if we look at the last RNS the board included a special paragraph at the end to supposedly help beef up the price :

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.


Though like all mining shares they can be volatile...I have diversified my portfolio with CDN and MANA now in the mining shares categories.

I feel diamond explore companies go up on news of diamond discoveries (on the samples they take) e.g AFD I think if they find more diamonds (even microdiamonds) then the shares can shoot up. It takes a long time to identified the kimberlites and prove they are diamoniferous. It must be stated that this share is very high risk.

If we are looking at very short term gains - then this may not be appropiate, unless one is prepare to gamble.

One point in our favour is that Mano River is definetely in the right place for diamonds. Diamonds or blood diamonds as they are known in the West were and still used to fund war in countries like Liberia, Sierra Leone and Angola.

XMORTAL.
What you say is right,just look at the share price of AFD now, they have had good news in the past when the price went to 70p+ each time it went back down the news they had was just as good if not better then MANA.

Minenews Story ;

14 June 2004.

Announcements regarding exploration developments were few and far between, though Mano River put on a respectable 17 percent gain to close at 10.25p following the announcement that it had discovered diamonds in a joint venture with Golden Prospect on one of its licenses in Sierra Leone. More will be heard at 17th Minesite Mining Forum on Tuesday week, I expect.

And that was just about all there was to report…

http://www.minesite.com/archives/news_archive/2004/june-2004/week140604.htm

News to look forward to :

We have ....

More results on those stream samlples
Results of stream samlpes on the new SL area and many possible resources to be found
Extension of that JV with BHP to cover the Liberia extension to it
Reults of Dyke sampling and mapping in SL
KPO update
Diamond prices rising every year so when the mining starts it will be valued much higher !
Gold prices also expected to rise to as much as $1000 by the end of the decade so even in two years time the gold we have could be worth 25 - 30 percent more !

And with all this and more why bail out before the projects come to something (or not as the case maybe) .....

Reference.............Licence......................Targets................Area km2
Sierra Leone Golden Leo Resources Ltd. ('Leo')
GOLD

1.....................Lake Sonfon JV...........YDS Yisangba...............256
2.....................Pampana..................Yirisen.....................82.5
3.....................Nimini Hills.............Kamadadu Levuma.............54

DIAMONDS
4.....................Yengema..................Kono kimberlites...........103
5.....................Njaiama..................Kono kimberlites...........103
6.....................REPL.....................SE Sierra Leone..........9,700

Liberia
Lofa Goldiam Inc. ('Lofa')
GOLD

7.....................Bea Mountains MDA........KGL......................1,000
...............................................Weaju
...............................................Gondoja
...............................................Mabong Valley
...............................................Ndblama
...............................................Butter Hill
...............................................Benjeh

DIAMONDS
8.....................KPO Range MDA............Weasua JV..................200
7.....................Bea Mountains MDA........Mabong Valley............1,000
...............................................NE Lofa Basin
...............................................Upper Yambasei basin

NEW !!!...............REPL.............................................15,000

Guinea
Golden Limbo Rock Resources Ltd. ('Limbo')
GOLD

9.....................Missamana................Missamana..................248
...............................................Brouni
...............................................East Kerkour
10....................Gueliban.................Gueliban...................250
...............................................Madou
...............................................Diamona

USA
Equinox Resources (Washington) Inc. ('Equinox')
Pb-Zn.................Van Stone Mine........................................5.2

Looks like a good speculative buy.
rgds aj

Up 8% today...Price 9.75-10.50 pence...a Market Maker BUY for 50,000 shares has been reported at 9.75 pence. An established break past 10.30 pence which is the resistance will cause further rises and 10.30 pence will turn into support :



Trades over 10,000 shares are delayed in reporting by 1 hour....hence delayed buys will start coming through after 9.00am ( will appear in the sell column ).

SueHelen,

Forgive me for using you as a mentor but, can you explain why buys will appear in the sell column?

Thanks,

David

Hi guru'

Trades over 10,000 shares are delayed in reporting by 1 hour...hence the buys over 10,000 shares will go in the sell column as the bid price is 9.75 pence now...at 08.00am the offer price was 9.75 pence.

PS. None of the trading systems can effectively distinguish the trades in the right column...so worthwhile noting what the normal market size is in any stock....to distinguish the buys and sells.

Aaahhh!! LOL. The light dawns.

Thak you, SueHelen.

P.S. to last post . . .

I have it on impeccable authority (by the "best stockpicker" on this BB) that you are nothing but a naughty little ramper. LOL.

Ramp on, Sue, Ramp on.