Manitou Reports Drill Intersection of 8.4 g/t Au over 6.5 m at Kenwest
October 13, 2011
Sudbury, ON – Manitou Gold Inc. (TSX-V: MTU) (“Manitou”) announces the receipt of diamond drill assay results from sixteen holes completed on the high grade “KW-11-26 area” of the Kenwest Project. Nineteen diamond drill holes, detailed geophysical surveys, mechanical trenching, and channel sampling have been completed over the high grade gold discovery made in drill hole KW-11-26 earlier this year. The intersection of 53.7 kg/t Au over 0.55 m in KW-11-26 (see press release Feb 28, 2011) is situated at a shallow level, approximately 25m below surface.
Kenwest Drill Program Highlights
The current diamond drill program was planned to test the up dip, down dip and along strike continuation of the spectacular intersection of KW-11-26. The first hole of the current program, KW-11 46, intersected 26.9 g/t Au over 9.0 m (uncut), which included a section with considerable visible gold that assayed 316.0 g/t Au over 0.7 m (see press release September 14, 2011). Diamond drill hole KW-11-53 intersected 5.3 g/t Au over 6.8 m, with the undercut hole KW-11-54 intersecting 8.4 g/t Au over 6.5 m. Six drill hole intersections have traced the higher grades of gold mineralization for approximately 80 metres of down plunge continuity. The mineralization remains open at depth and to the southwest.
Drill hole intersections for this detailed area indicate a steep southwest plunge to the high grade gold system (see Long section on the Company’s website at www.manitougold.com). This steep orientation is consistent with other areas of mineralization on the project area. Future drilling in this area will follow the trend identified to the southwest and down plunge.
Table 1 below details the assay intersections for all of the holes completed on this area. The distance between drill holes is approximately 10 m. A plan map and cross section illustrating the drill locations and interpreted continuity can be found on the Company’s website atwww.manitougold.com.
The results detailed in Table 1 do not include assays of hole KW-11-69, which, as previously reported, intersected coarse visible gold within a section of shearing and quartz veining developed approximately 40 m east of the #2 shear zone at a vertical depth of approximately 225 m. Additional drilling has also been completed below the sulphide rich shear zone described in the Company’s press release dated September 8, 2011. This new zone is located 70 meters southwest of the high grade zone described in this release. Assay results from these more recent drill holes on the Kenwest property are pending and will be released when available.
Gaffney Extension Update
Manitou Gold has completed an additional 19 holes on its Gaffney Extension project, subsequent to the Company’s August 23, 2011 press release of results on that project. Assay results from these drill holes are pending and will be released when available.
Table 1: Summary of drill hole assays at Kenwest Property
- Intervals reported are core lengths; true widths of mineralization are not known.
- Holes KW-11-46, KW-11-47, KW-11-26, and KW-11-48 were previously released.
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.