Manitou Gold Intersects 10.3 g/t Gold Over 6.0 Metres
Published : April 15, 2011
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Gold | Market | Volatility |

SUDBURY, ONTARIO--(Marketwire - April 15, 2011) - Manitou Gold Inc. (News - Market indicators) ("Manitou") today reported the intersection of 10.30 g/t Au over a core length of 6.0 metres within hole KW-11-33 on the Kenwest Project. The intersection represents another step in the recognition of the exceptional gold potential of the historical Goldrock Camp. Manitou Gold has ongoing exploration programs on a number of prospective projects including the Kenwest, Canamerica, Gaffney Extension and Sherridon projects, which are all located within the Kenora Mining Division in Northwestern Ontario. 

Gold mineralization on the Kenwest Property has been identified within two parallel shear zones, the #1 shear and the #2 shear, spaced 40 m apart. As a result of the proximity between these two zones, all of the deeper holes test both structures. The shear zones display shearing, strong alteration, quartz veining and coarse visible gold mineralization. Manitou Gold recently reported a high grade intersection of 53,700 g/t Au over 0.55 m in hole KW-11-26 in the underexplored #2 shear structure at the Kenwest Property (see press release dated Feb 28, 2011). The Company has not followed up with drilling in the vicinity of the high grade intersection at this time, as the priority remains the wider spaced drill program to identify a series of larger, high grade shoots of gold mineralization. 

The newly reported intersection of 10.3 g/t Au over 6.0 m in KW-11-33 was identified while testing the northeastern extension of the shear systems. The intersection is positioned on the #1 shear approximately 55 m southwest and 100 m below hole KW-10-13, which intersected 15.4 g/t Au over 6.1 m (see press release July 7, 2010). The two high grade widely spaced intersections indicates the presence of a shoot of gold mineralization. The strike extent of the shoot is approximately 125 m long and extends for a distance of 200 m down dip, and has not been tested in either the up plunge or down plunge directions. 

A second shoot of gold mineralization is suggested by the historical underground drill holes (see press release dated January 12, 2011). Manitou Gold drill hole KW-11-25 intersected 6.2 g/t Au over a core length of 4.1 m and KW-11-26 intersected 12.0 g/t Au over a core length of 2.7 m (see press release dated Feb 28, 2011). The position of these two holes extends the limits of the zone of gold mineralization 45 m below and 55 m northeast of the zone outlined by the 1947 underground drilling. This gold zone extends for 155 meters along strike and 45 meters down dip.

Highlights of the most recently completed drill program are detailed in the following table:

Table: Highlights of recent Kenwest drill holes
DDH From To Width g/t Au
KW-11-27 309 314.75 5.8 2.20
KW-11-28 190 191 1.0 3.31
KW-11-29 61 65.25 4.3 0.60
KW-11-30 128 137.05 9.1 2.06
KW-11-31 143 144 1.0 1.15
KW-11-31 173.5 174.5 1.0 1.19
KW-11-32 313 321.5 8.5 0.76
KW-11-33 188.1 189.75 1.7 1.33
KW-11-33 257.5 263.5 6.0 10.30
KW-11-34 136.5 138.45 2.0 0.97
KW-11-34 322.5 329.5 7.0 2.00
KW-11-35 174.5 177.3 2.8 0.52
KW-11-35 262 264 2.0 0.80
KW-11-35 364 366 2.0 1.40
KW-11-36 267.5 271.1 3.6 3.77
KW-11-36 279.6 284.3 4.7 1.23

The location of the drill holes with respect to the #1 Shear and the #2 Shear are indicated on the surface plan map and longitudinal section on the Manitou Gold web site at: www.manitougold.com/kenwest.html.

The current drill program on the Kenwest Property will continue to follow up on these higher grade intersections and attempt to confirm the current interpretation of the potential for multiple discrete high grade shoots of gold mineralization. This drilling will resume in early May, following spring breakup. Drill results in respect of the Company's most recent drilling at the Canamerica Property (502 Block) are pending and will be released when they are available.

About Manitou Gold

Manitou Gold Inc. is a well-funded gold exploration company focused with a dominant land position in the Gold Rock Mining Camp, located in the Kenora Mining District, in Northwestern Ontario.

The Qualified Person responsible for the technical content of this news release is Todd Keast, P. Geo., President of Manitou Gold Inc. Mr. Keast has verified all of the technical data contained in this release.

The Company has implemented a quality control program to ensure best practice in sampling and analysis. Assayed samples are transported in security sealed bags for preparation and analysis at ALS Chemex facilities. ALS Chemex is an ISO 9001-2000 and ISO 17025 registered laboratory. Core samples were analyzed for gold by 30-gm fire assay with AA finish and by gravimetric methods. Samples with visible gold are assayed by screened total metallics. In respect of the sample from the 0.55 m intersection from 55.90 m to 56.45 m in hole KW-11-26, the following procedures were undertaken in the preparation and assaying of that sample, due to the anticipated high grade: The entire sample was crushed and pulverized and the crushing specification was > 70% passing 6mm; the pulverized sample was then screened to 100um to produce a plus fraction and minus fraction. The entire plus fraction was assayed by a 50g fire assay gravimetric method and the undersize was assayed in duplicate by a 50g fire assay gravimetric method. For all other samples, a prepared sample is digested with aqua regia. The resulting solution is analyzed by inductively coupled plasma-atomic emission spectrometry.

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
President
705-222-8800
705-222-8801 (FAX)
info@manitougold.com
or
Manitou Gold Inc.
Michael Murphy
Director, Corporate Communications
705-222-8800
705-222-8801 (FAX)
mmurphy@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)
0.055-8.33%
TSX-V
CA$ 0.055
05/24 14:58 -0.010
-8.33%
Prev close Open
0.060 0.060
Low High
0.055 0.060
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
0.055 -  0.065 -8.33%
Volume 1 month var.
47,000 -%
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
20240.00%
2023175.00%0.070.02
2022-69.23%0.070.02
202144.44%0.130.05
202012.50%0.080.03
 
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$ 7.70-0.65%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%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$ 12.26+2.68%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 0.53-1.87%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.64-1.86%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$ 16.23+4.04%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+4.26%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+2.63%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$ 1.88+0.53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.71+0.19%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$ 0.04+5.56%Trend Power :