Manitou Reports Shallow Drill Intersection of 26.9 g/t Au over 9.0 m at Kenwest
September 14, 2011
Sudbury, ON – Manitou Gold Inc. (TSX-V: MTU) (“Manitou”) announces the receipt of diamond drill assay results from the initial three holes completed on the high grade “KW-11-26 area” on the Kenwest Project. Eighteen diamond drill holes, detailed geophysical surveys, mechanical trenching and channel sampling have been completed over this new high grade gold discovery. The KW-11-26 high grade intersection of 53.7 kg/t Au over 0.55 m (see press release Feb 28, 2011) is situated at a shallow level approximately 25m below surface.
Drill Program Highlights
The current diamond drill program was planned to test the up dip, down dip and along strike continuation of the spectacular high grade intersection of KW-11-26. The first hole from this program for which assays have been received is hole KW-11-46. This drill hole intersected 26.9 g/t Au over 9.0 m (uncut) which included a section of considerable visible gold of 316.0 g/t au over 0.7 m. This new intersection is positioned up dip from the high grade intersection in KW-11-26, and 9 m below surface. Drill holes KW-11-46 through 63 all intersected the mineralized target structure.
“The success in this first follow up hole is an encouraging indication of the potential for this area to contain additional high grade material,” stated Todd Keast, President of Manitou Gold Inc. “The high grade nature of this material, combined with the fact that it extends to very shallow depth allows for a number of possibilities for following up on this exciting discovery.”
A table detailing the intersections of the three recently completed holes is detailed below. The distance between hole KW-11-47 and each of hole KW-11-46 and KW-11-48 is approximately 50 m. A section illustrating the gold intersections and inferred continuity can be found on the Company’s website at www.manitougold.com.
|Table 1: Summary of drill hole assays|
|DDH #||From||To||Width||g/t Au|
|Note: Intervals reported are core lengths; true widths of mineralization are not known.|
Assay results from the remaining 15 holes in this program will be released upon receipt.
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. 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 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.