[meteorite-list] Mining Maricouagan

[Paul H]

I found the below note in the otherwise dry 
world of financial announcements. 

Manicouagan Minerals Inc. announces closing of 
its public offering and listing on the TSX 
Venture Exchange
http://www.newswire.ca/en/releases/archive/December2004/23/c8616.html

"The Corporation is engaged in the exploration of the 
Manicouagan meteorite impact crater in central Quebec.

These efforts have been concentrated on seeking 
prospective areas of nickel-copper-platinum group
mineralization. The Corporation believes that the 
similarities between the Manicouagan crater and the 
Sudbury mining district are of a significant enough
technical merit to warrant an extensive exploration 
program. Less than 5% of the crater has been explored 
to date and geophysical surveys have identified four 
deep magnetotelluric anomalies, which are located 
toward the center of the Manicouagan crater. The 
Corporation has accumulated rights to claims
totalling in excess of 1,300 square kilometres in 
the crater area."

Another news release, of November 2004, which I found
was:

"News release via Canada NewsWire, Toronto
416-863-9350
Attention Business Editors:
Manicouagan Minerals Inc. - Drill Results Provide 
First Evidence of Nickel and Copper at Depth at the 
Baie du Nord Project in the Manicouagan Crater"

This press release stated that in drill holes they
found nickel 
and copper at depth consistent with base-metal rich
sulphide 
mineralization, which occurs in surface outcrops
within the 
Manicouagan impact crater. According to the press
release, 
drilling found "significant" "base-metal values"
within 
metagabbro sills intruded into foliated feldspar
hornblende 
gneiss country rock.

It sounds someone has taken the idea of exploring for
impact 
associated mineral deposits in "virgin" impact craters
quite
seriously. I guess only time will tell whether the
shares in 
this company will become collectibles or prove to be
visionary
application of the study impact processes.  

It seems like that known commercial base-metal
deposits 
associated with impact craters were only determined to

be associated with an impact crater after the mineral
deposits 
were found. Is this the first time that someone has
gone to 
an impact crater with no known ore deposits and gone 
prospecting for them since Barringer’s ill-fated
attempts 
at Barringer Crater?

The official paperwork on it can be found at:

http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00017383
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00017383

Best regards,

Paul
Baton Rouge, LA



		
__________________________________ 
Do you Yahoo!? 
Send a seasonal email greeting and help others. Do good. 
http://celebrity.mail.yahoo.com