Manitou Gold Inc. Exploration Update
Published : August 08, 2013
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Diamond | Gold | Market | Volatility |

SUDBURY, ONTARIO--(Marketwired - Aug. 8, 2013) - Manitou Gold Inc. (News - Market indicators) ("Manitou" or the "Company") is currently conducting exploration programs on the Kenwest, Elora, and Canamerica Projects (See property map in the link below). Exploration activities, which began in early June, include geochemical surveys, mechanical trenching, structural mapping, and channel sampling. Gold mineralization has been identified previously through Diamond drilling and prospecting work on the majority of the eight known structures. The current programs target areas along strike and in areas with no outcrop exposure or previous drilling.

The original 15.5 kilometre Elora Grid was re-established in order to allow for the accurate use of the historical Elora database. A geochemical survey consisting of approximately 235 samples was completed over the Jubilee Zone (Elora Property) and portions of the #1 and #2 shear zones (Kenwest Property). The preliminary results from this survey have identified a robust anomaly, in an area with very little past work, along the Elora/Kenwest boundary. The geochemical survey has been expanded with an additional 300 samples currently being collected to better define and trace the extent of the anomaly.

Channel sampling and detailed mapping have been completed on the Elora trenches. A total of 212 channel and grab samples have been collected from the exposures. Results from this work are currently being interpreted.

Channel sampling has also been completed on the historical "Sovereign Main Vein" showing located near Peak Lake on the Canamerica (502 Block) Property. Previous grab samples collected from this zone by Manitou returned results as high as 495 g/t Au from a historical pit. Numerous quartz veins have been uncovered by mechanical trenching, and channel sampling has been conducted to ascertain the gold bearing veins.

Todd Keast, President and CEO of Manitou commented, "During the past twelve months Manitou has significantly reduced corporate and general administrative costs while at the same time maintaining cost effective exploration programs. The winter Diamond drill program at Elora was suspended in March due to the arrival of spring. (See news release May 9, 2013 for results). The drill rig remains on site and drilling will recommence once the current exploration programs are completed."

Todd Keast, P. Geo., is the Qualified Person as defined under NI 43-101 who has reviewed and is responsible for the technical information presented in this news release. 

Manitou is a Canadian exploration company with a 152 square kilometre land package of highly prospective gold properties located in the historical Gold Rock District, in Northwestern Ontario. This under-explored area has a very attractive geological setting hosting 61 known gold occurrences including three past producing mines (Big Master, Laurentian and Elora). Until recently, the area has remained relatively untouched by modern-day exploration, pointing to excellent discovery potential over this large land package.

For further details about the Company's projects please visit the Manitou website at www.manitougold.com.

To view the map associated with this press release, please visit the following link: http://media3.marketwire.com/docs/mtu-map.jpg.

Statements in this release that are forward-looking statements are subject to various risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of exploration results and estimates and that the resource potential will be achieved on exploration projects, currency fluctuations, dependence upon regulatory approvals, the uncertainty of obtaining additional financing and exploration risk. Readers should also refer to the specific factors disclosed under the heading "Risk Factors" in the Company's filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Manitou Gold Inc.
Todd Keast, P. Geo.
President and CEO
705-222-8800
705-222-8801 (FAX)
info@manitougold.com
www.manitougold.com

Manitou Gold Inc.

EXPLORATION STAGE
CODE : MTU.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Manitou is a gold exploration company based in Canada.

Its main exploration properties are SHERRIDON, CANAMERICA, HIGBEE and KENWEST in Canada.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Manitou Gold Inc.
9/18/2012Completes Private Placement With Robert McEwen
Project news of Manitou Gold Inc.
5/10/2011(Higbee)Commences Diamond Drill Program on Higbee Gold Project
2/28/2011(Kenwest)Intersects 53.7 Kilograms Gold Per Tonne Over 0.55 Metres
Corporate news of Manitou Gold Inc.
4/24/2015Manitou Gold Announces Management and Board Changes
4/22/2015Manitou Gold Announces Management and Board Changes
2/2/2015Manitou Gold Announces Board and Management Changes
1/7/2015Manitou Gold Announces Board and Management Changes
11/14/2014Manitou Gold Announces Board and Management Changes
10/27/2014MANITOU GOLD INC. Prospecting Results and Exploration Update
9/12/2014Manitou Gold Inc. Samples 40.9 g/t Au on Gaffney Patents
8/7/2014Manitou Gold Inc. Begins Exploration on the Highly Prospecti...
4/25/2014Manitou Gold Inc. Releases Elora Diamond Drill Results
10/23/2013Announces Share Issuance
10/1/2013Announces Acquisition of Gaffney Property
8/8/2013Exploration Update
5/16/2013Adopts Advance Notice By-Law
5/9/2013Releases Elora Property Diamond Drill Results
11/1/2012Extends Gaffney Extension Mineralization 100 Metres Down Plu...
10/17/2012Announces Launch of New Website
9/13/2012Intersects 9.5m of 4.0 g/t Au on Gaffney Extension
7/11/2011Closes Harper Lake Property Acquisition
6/23/2011Commences Gaffney Extension Drill Program
6/20/2011Acquires New Exploration Target
6/2/2011Adds Exploration Properties; Provides Exploration Update
4/20/2011(Canamerica)Intersects 12.6 g/t Au Over 4.0 m at Canamerica Project; Ann...
4/15/2011Intersects 10.3 g/t Gold Over 6.0 Metres
3/29/2011Completes $10 Million Private Placement
3/16/2011Announces $7 Million Private Placement
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (MTU.V)
0.040+14.29%
TSX-V
CA$ 0.040
08/10 11:42 0.010
14.29%
Prev close Open
0.035 0.030
Low High
0.030 0.040
Year l/h YTD var.
0.025 -  0.070 -33.33%
52 week l/h 52 week var.
0.025 -  0.085 -36.51%
Volume 1 month var.
2,700 33.33%
24hGold TrendPower© : -37
Produces
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 7/8/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2022-46.67%
202166.67%0.130.05
202012.50%0.080.03
20190.00%0.070.00
2018-74.19%0.190.04
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.00-0.43%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.50-3.85%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.58+2.14%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.60+4.17%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02-25.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.69+0.75%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 7.00+2.56%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.28-3.39%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.28+3.70%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.08+0.97%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 60.46+2.41%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :