Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
In the same category
Manitou Gold Inc. Releases Sherridon Property Diamond Drill Results
Published : February 27, 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--(Marketwire - Feb. 27, 2013) - Manitou Gold Inc. (News - Market indicators) ("Manitou" or the "Company") reports Diamond drill results from the Sherridon project located in Northwestern Ontario. The company completed two shallow Diamond drill holes in the fall of 2012 which both intersected visible gold. Manitou has now vested 100% into the Sherridon project.

The company completed 27 short, widely spaced Diamond drill holes (4,968 metres) since optioning the project in 2009. Diamond drilling has focused on surface gold showings, geophysical anomalies and follow-up holes on gold intersections discovered during the drill program. Fourteen of the drill holes have intersections containing coarse visible gold associated with sheared volcanic rocks. The relatively high number of visible gold occurrences within the wide spaced drill holes over several kilometres suggests the presence of considerable gold in the system. 

Diamond drill holes SH-12-27 and SH-12-28 (reported in this release) were completed on the same section as Diamond drill holes SH-12-24 and SH-12-25 (see news release May 22, 2012). DDH SH-12-28 intersected three discrete shear zones including 16.8 g/t Au over a core length of 0.6 metre and is located 35 metres down dip from SH-12-27. The three gold bearing shears have only been tested to a vertical depth of 125 metres and remain open. Drill hole SH-12-27 intersected 7.5 g/t Au over a core length of 1.1 metres which is located 25 metres down dip from Hole SH-12-25. Both SH-12-24 and SH-12-25 contained multiple shear zones with visible gold including 18.8 g/t Au over 4.5 metres in SH-12-25. 

To see the cross section associated with this release, click the following link: http://media3.marketwire.com/docs/227mtu_map.pdf

Assay Highlights

DDH From (M) To (M) Width (M) g/t Au  
SH-12-24 19.8 21.9 2.1 6.9 Previously Released
SH-12-24 65.5 66.5 1.0 0.2 Previously Released
SH-12-25 21.0 22.5 1.5 0.6 Previously Released
SH-12-25 72.3 76.7 4.5 18.8 Previously Released
SH-12-25 171.5 173.0 1.5 0.4 Previously Released
SH-12-27 3.0 7.0 4.0 0.3  
SH-12-27 43.0 43.6 0.7 1.5  
SH-12-27 94.9 96.0 1.1 7.5  
SH-12-27 109.5 110.0 0.5 3.5  
SH-12-28 32.0 32.9 0.9 0.7  
SH-12-28 64.1 65.2 1.1 3.0  
SH-12-28 133.3 133.8 0.6 16.8  

Full table of assays can be found on the Company's website.

Todd Keast, President and CEO of Manitou commented "The widespread distribution of gold within the system is a positive exploration feature. Our focus in future exploration programs will be to expand the extent of the known gold bearing shear structures and to identify larger scale structures."

Manitou is a Canadian exploration company with a 189 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.

The 2013 exploration program is currently underway with 5,000 metres of Diamond drilling in progress on the Elora property directly adjacent to Manitou's high-grade Kenwest project. (See news release February 13, 2013).

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. 

The Company has implemented a quality control program to ensure best practice in sampling and analysis. Samples are transported in security sealed bags to the Actlabs facility in Dryden, Ontario for preparation. Actlabs transports the samples to the Actlabs ISP 17025 registered laboratory facility in Thunder Bay for analysis and Internal QA/QC checks. Core samples are 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.

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

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
Companies Mentionned : Gm | Manitou | Total |
Data and Statistics for these countries :
Gold and Silver Prices for these countries :

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 an exploration gold company based in Canada.

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

Manitou is listed in Canada. Its market capitalisation is CA$ 4.1 millions as of today (US$ 3.2 millions, € 2.8 millions).

Its stock quote reached its highest recent level on March 04, 2011 at CA$ 1.13, and its lowest recent point on February 13, 2015 at CA$ 0.01.

Manitou has 55 022 411 shares outstanding.

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.
3/4/2013Applies to Extend Term of Warrants
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
12/17/2010(Sherridon)Intersects 38.7 g/t Gold Over 0.5m at Sherridon
12/3/2010(Sherridon)Intersects Up to 46.0 g/t Gold at Sherridon
Corporate news of Manitou Gold Inc.
7/29/2016Manitou Gold Announces Closing of Non-Brokered Private Place...
3/1/2016Manitou Gold Updates on Project Review and Finances
6/25/2015Manitou Gold Announces AGM Results and Stock Option Grant
5/13/2015Manitou Gold Announces Board Appointment
5/12/2015Manitou Gold Announces Board Appointment
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
2/27/2013(Sherridon)Releases Sherridon Property Diamond Drill Results
2/13/2013Commences Drilling on the Elora Project
12/6/2012Intersects Significant Gold Mineralization at Gaffney Extens...
12/6/2012Intersects Significant Gold Mineralization at Gaffney Extens...
11/29/2012News Release
11/29/2012Provides Exploration Update on Elora Property
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
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
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (MTU.V)
0.075-6.25%
TSX-V
CA$ 0.075
08/30 10:51 -0.010
-6.25%
Prev close Open
0.080 0.075
Low High
0.075 0.075
Year l/h YTD var.
0.020 -  0.110 200.00%
52 week l/h 52 week var.
0.020 -  0.110 150.00%
Volume 1 month var.
10,000 -16.67%
24hGold TrendPower© : -15
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
Annual variation
DateVariationHighLow
2016150.00%0.120.02
201550.00%0.040.01
2014-66.67%0.100.02
2013-57.14%0.250.02
2012-73.08%0.570.09
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
SolgoldSOLG.L
Conditional Agreement with Newcrest
GBX 7.25-1.76%Trend Power :
SolgoldSOLG.L
Maxit Capital - First Tranche Raising Share Issue Details
GBX 7.25-1.76%Trend Power :
Vedanta Res.(Au-Cu-Le)VED.L
Update and Aluminium and Power
GBX 510.50-3.22%Trend Power :
Parmelia Resources LTDPML.AX
Parmelia to Close Oversubscribed Prospectus Offer - (PDF - 87.44 Kb)
AU$ 0.08+0.00%Trend Power :
CabotCBT
to Introduce Reinforcing Materials for Weather Stripping Applications in Asia
US$ 48.69-5.62%Trend Power :
SpitfireSPI.AX
Ceasing to be a substantial holder
AU$ 0.04+5.00%Trend Power :
New Zealand Oil & GasNZO.AX
Tender offer
AU$ 0.45+2.27%Trend Power :
Musgrave Minerals LTDMGV.AX
Appendix 3Y - J Percival
AU$ 0.07+0.00%Trend Power :
OM HoldingsOMH.AX
1H 2016 Interim Financials
AU$ 0.09+0.00%Trend Power :
Carbon Energy(Ur-Au)CNX.AX
Appendix 3B Cleansing Notice for Issue of Interest Shares
AU$ 0.01-7.14%Trend Power :
IMX Resources NL(Cu-Ni-Pa)IXR.AX
Change of Director’s Interest Notice
AU$ 0.10+4900.00%Trend Power :
Marindi Metals LTDMZN.AX
Marindi secures funding to explore Caranbirini Zinc Project
AU$ 0.01+0.00%Trend Power :
Marindi Metals LTDMZN.AX
Marindi secures funding to explore Caranbirini Zinc Project
AU$ 0.01+0.00%Trend Power :
LeadFX Inc.LFX.TO
Announces US$1.0 Million Loan and Business Update
CA$ 0.34+0.00%Trend Power :
Aldridge Min.(Ag-Au-Cu)AGM.V
Aldridge Minerals Provides Financing Update
CA$ 0.31+1.64%Trend Power :
Tyranna Resources LTDTYX.AX
Extension of Rights Issue Closing Date
AU$ 0.04+0.00%Trend Power :
Santana Minerals LTDSMI.AX
Santana Minerals Closes $2m Placement
AU$ 0.06+0.00%Trend Power :
Danakali LTDDNK.AX
Issue of Shares– Appendix 3B S708A Notice
AU$ 0.40+1.28%Trend Power :
Eden EnergyEDE.AX
Group Incentive Plan - Increase in Issue of ESOP Options
AU$ 0.20+2.50%Trend Power :
Chesapeake Energy(Ngas)CHK
Announces Increase In Size Of Cash Tender Offers For Contingent Convertible Senior Notes
US$ 6.51+1.09%Trend Power :