Manitou Gold Intersects 10.3 g/t gold over 6.0 metres
April 15, 2011
Sudbury, ON – Manitou Gold Inc. (TSX-V: MTU) (“Manitou”) today reported the intersection of10.30 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 intersected15.4 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 Auover 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
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.
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.
For further information on Manitou Gold Inc. contact:
Manitou Gold Inc.
Director, Corporate Communications
Manitou Gold Inc.
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. Ccre 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 to56.45 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.