Intersects 10.3 g/t Gold Over 6.0 Metres
posted on
Apr 15, 2011 02:16PM
Supportred By Major Shareholders In Alamos and O3 Mining
SUDBURY, ONTARIO--(Marketwire - April 15, 2011) - Manitou Gold Inc. (TSX VENTURE:MTU) ("Manitou") today reported
the intersection of 10.30 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 intersected 15.4 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 Au over 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
DDH From To Width g/t Au
KW-11-27 309 314.75 5.8 2.20
KW-11-28 190 191 1.0 3.31
KW-11-29 61 65.25 4.3 0.60
KW-11-30 128 137.05 9.1 2.06
KW-11-31 143 144 1.0 1.15
KW-11-31 173.5 174.5 1.0 1.19
KW-11-32 313 321.5 8.5 0.76
KW-11-33 188.1 189.75 1.7 1.33
KW-11-33 257.5 263.5 6.0 10.30
KW-11-34 136.5 138.45 2.0 0.97
KW-11-34 322.5 329.5 7.0 2.00
KW-11-35 174.5 177.3 2.8 0.52
KW-11-35 262 264 2.0 0.80
KW-11-35 364 366 2.0 1.40
KW-11-36 267.5 271.1 3.6 3.77
KW-11-36 279.6 284.3 4.7 1.23
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/kenwest.html.
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.
Regards, Hg