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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.
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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

