Manitou Gold grab sample assays of 93.2 g/t Au from Kenwest Property
March 31, 2010
Not for dissemination into the United States or through U.S. news wire services.
Sudbury, ON – Manitou Gold Inc. (TSX-V: MTU) is pleased to provide assay results from the 2009 prospecting program on the Kenwest Property in the vicinity of the Big Master Mine. The Kenwest property consists of 32 mining patents and 10 mining license of occupation situated within the Kenora Mining Division, of northwestern Ontario, optioned from Goldcorp Inc.
The Kenwest property hosts the past gold producing Big Master Mine, which operated briefly from 1902 to 1905 and again between 1942 and 1943. The #1 shaft was sunk to a depth of 183m with development on four levels (24m, 55m, 79m, and 107m). In 1942, historical reserves were reported at 30,000 tons averaging at 12.7 g/t Au, with an additional 19,000 tons averaging 10.6 g/t Au (both considered to be historic estimates pursuant to National Instrument 43-101 – see additional disclosure below). Production reported for the period, however, totaled only 9,443 tons. Historical assay plans indicate continuity of the gold bearing veins beyond the limits of the mined out area, with assays of 16.8 g/t Au over 2.0 m, and 11.0 g/t Au over 2.0 m at the limits of the mine workings.
The #2 shaft was sunk 65 metres east of the #1 shaft on a parallel gold bearing structure, and connects to the #1 shaft on the 24m level. Development work was completed on three separate levels, however production numbers are unknown. Historical assay plans from the #2 shaft indentify a section of 8.2 g/t Au over 1.8 m and 6.9 g/t Au over 1.8 m. This area was not mined and is situated within 25 m of surface.
In 2009, Manitou Gold prospected locations around the Big Master Mine #1 and #2 shaft, as well as the Helena shaft. Assay results confirm the high grade nature of the gold bearing systems with three discrete structures being identified. Samples from the Big Master #1 trend returned assay results of 80.1 g/t Au proximal to the shaft area, 52.4 g/t Au from the Helena Shaft area, and 93.2 g/t Au midway between the two shafts. This structure has been prospected along a distance of 1,020 metres and has retuned numerous high grade gold assay results, as further disclosed below. In addition the historic operator followed the structure with 407m long drift on the 183m level. Along the Shaft #2 gold trend, assay results of 26.7 g/t Au were retuned. A third parallel system was identified in the prospecting program and returned assay results of 11.4 g/t Au.
The Company’s website has been updated with maps and sections depicting the area of the Big Master Mine. The following table provides the location and grades of the 50 best grab samples taken from an approximately 1 km mineralized trend in the vicinity of the Big Master and Helena Shafts:
The grades of all samples taken from this area ranged from trace to 93.2 g/t Au. Grab samples are, by nature, selective and are unlikely to represent average grades on the property.
Manitou Gold is currently completing ground magnetometer and induced polarization surveys on this and other projects in preparation for a summer drill program.
About Manitou Gold Inc.
Manitou Gold Inc. is a 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 Company is well funded, having recently completed a $2 million initial public offering. The Company’s largest shareholder is Goldcorp Inc, who holds a 15% interest in the Company.
For further information please contact:
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