News: Eclipse Metals snaps up manganese prospects

Eclipse Metals (ASX:EPM) has secured new exploration ground in the Mary Valley Manganese Field in Queensland.

This new ground, with an area of 30 square kilometres, covers the western side of the old Eel Creek manganese workings and encompasses the old Queen Mary workings to the north and Jerry Creek workings to the south.

The Queen Mary mine workings indicate that full extent of mineralisation was not exploited, providing substantial exploration upside.

Virtually no modern exploration for manganese has been conducted since 1910, and historical manganese assays returned 43.5% to 44.1% manganese.

On 24th July, Eclipse released second phase explorations results to the market in which assays up to 52% manganese were reported from rock chip sampling.

Eclipse has now extended its tenement holdings over the Mary Valley Manganese Field to 209.8 square kilometres.

Eclipse’s Mary Valley Manganese Project is centred about 15 kilometres south of Gympie, 138 kilometres from Brisbane.

Gympie is a major regional centre and able to provide service and infrastructure support for exploration and mining activities.

Eclipse is capitalised lightly at under $5 million.