Manitou Gold grab sample 266.0 g/t Au From Higbee Property
April 27, 2010
Not for dissemination into the United States or through U.S. news wire services.
SUDBURY, ONTARIO – Manitou Gold Inc. (TSXV- MTU) (“Manitou”) is pleased to provide assay results from the initial prospecting program on the Higbee Property. The Higbee property is located 45 km west of Dryden and consists of nineteen unpatented mining claims situated within the Kenora Mining Division of Northwestern Ontario.
Manitou Gold completed an initial prospecting program to evaluate a number of historical gold showings. A total of 214 grab samples were collected along a northeast oriented structure trending across the property. Assay sample results ranged from trace to a high of 266.0 g/t Au, and included 206.0g/t Au, 159.0 g/t Au, and 111.0 g/t Au, with numerous other high grade samples as detailed in Table 1 below.
|Sample #||Easting||Northing||g/t Au|
The high grade gold results were retuned from different locations within a 2.5 km long trend, including gold values associated with an historical adit. A second area of high grade sample results were identified 11 km to the southwest, along the same structural trend. The large scale structure is positioned along the contact of a felsic intrusion and a layered mafic intrusion, and is evident as a prominent magnetic low feature. The magnetic low response can be seen in relation to high grade assays on the figure on the company’s website at the following link:
Manitou Gold has initiated line cutting on the Higbee Project, and plans to follow up with Induced polarization surveys, magnetometer surveys and more detailed mapping and prospecting programs.
About Manitou Gold Inc.
Manitou Gold Inc. is a gold exploration company 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.
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The Qualified Person responsible for the technical content of this news release is Todd Keast, P. Geo., Vice President, Exploration of Manitou Gold Inc. Mr. Keast has verified all of the technical data contained in this release. There has been insufficient exploration to define a mineral resource on any of the properties of the Company to date and it is uncertain if further exploration will result in any such properties being delineated as mineral resources. For further details on the Company's Canamerica property, please refer to the final long form prospectus of the Company dated February 16, 2010 available on SEDAR at www.sedar.com.
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. A prepared sample is digested with aqua regia. The resulting solution is analyzed by inductively coupled plasma-atomic emission spectrometry.
The Company considers historical estimates to be relevant, as they provide an indication of historical mineralization having existed on the Company's property. However, the Company is not treating these historical estimates as current resources. This historical estimate should not be relied upon by any party as an indication of a current resource.
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.