Manitou Gold Intersects 5.0 g/t of Gold over 4.6 m at its Goudreau Project in Northeastern Ontario
May 25 2020 - 7:00AM
Manitou Gold Inc. (TSX-V: MTU) (the “Company” or “Manitou”) is
pleased to announce initial drill results from the Rockstar Vein at
the Company’s Goudreau Project, which is aimed at testing a higher
grade mineralized “shoot” down plunge of previous drilling.
Drill highlights from the first three holes at Rockstar,
which intersected 5.0 g/t gold over 4.6 m (including 11.1 g/t Au
over 1.2 m), demonstrate an increase in both thickness and grade of
the vein at depth. The Rockstar Vein is open to the east and
additional down-plunge drilling in that direction is
ongoing.
Exploration Drilling
The Rock Start Vein drilling is following up on
surface channel sampling completed in 2019 (see news release dated
July 31, 2019), which indicated that the vein averages 3.0 g/t gold
over an average width of 1.5 m (apparent width) where it was
exposed by mechanical stripping over a strike length of 100 m. The
first three drill holes at Rockstar tested the down-plunge
extension of the vein at a vertical depth of approximately 170 m.
The three most recently completed holes were drilled over a strike
length of approximately 100 m below drilling completed by the
previous operators. Two of the drill holes encountered typical
Rockstar alteration, mineralization and deformation extending the
zone at depth, with hole MTU-20-16 showing an increase in thickness
and grade of the mineralized zone relative to the mineralized zone
on surface and in previous, shallower drilling. Hole MTU-20-16
intersected a broad shear zone over 15 m, which includes a
mineralized zone that returned 5.0 g/t gold over 4.6 m, including
1.2 m of 11.1 g/t gold (True widths are estimated at 70% to 90% of
the drilled thickness). Hole MTU-20-20, which was drilled 50 m
along strike to the east-southeast, also intersected the
mineralized zone, where it returned an assay of 3.78 g/t gold over
0.4 m. The mineralized zone in this hole is terminated abruptly
against a wide lamprophyre dike that has cut off part of the zone
at this location. For further information on the Goudreau Project
visit the Company’s website at www.manitougold.com.
“We are pleased by the wide gold intercept
reported today and are encouraged by the down-plunge continuity of
the Rockstar vein confirmed by this drilling. We look forward to
the receipt of assays from additional holes testing further down
plunge of the holes reported today,” stated Richard Murphy,
President and CEO of Manitou.
At the Patents property, the Company previously
completed four drill holes totaling 458 m that were designed to
test a shallow IP and SGH anomaly. This drilling at the Patents
property was the first drilling to be conducted on the property and
led to the discovery of a wide mineralized shear zone with
laminated shear-type quartz veins near its core. The highlights
from this drilling included 12.8 g/t gold over 0.5 m (see news
release dated April 30, 2020). The same deformation and
mineralization trend was recognized in all four drill holes.
Although high-grade in places, the trend is challenging to quantify
due to the erratic nature of the gold mineralization. Future
exploration will focus on delineating higher-grade and more
continuous portions of this deformation and mineralization trend,
in addition to drilling other geophysical targets on the
property.
Core sampling was completed on select intervals
ranging from 0.1 to 1.0 m in length. Samples were cut in half
with a core saw and half-core samples were individually bagged,
sealed and labeled The other half-core was placed back in the
core box and has been retained on site for verification and
reference purposes. Standards and blanks were routinely inserted
into the sample stream. At least 20 percent of the samples
submitted to the laboratory consist of samples used for quality
control.
Samples were delivered to Activation
Laboratories (“Actlabs") in Thunder Bay, Ontario. At the
laboratory, samples were crushed up to 80% passing 2 mm, riffle
split (250 g) and then pulverized to 95% passing 105 microns. Gold
was analyzed by fire assay with an AA finish, using the 50 g
sub-sample. Over limit analysis was performed on all primary assay
results >3 g/t gold. All over limits were tested by fire assay
with gravimetric finish using a 50 g sub-sample. Actlabs is a
certified and ISO 17025 accredited laboratory. Actlabs routinely
inserts certified reference materials for at least 20 percent
quality control in each batch.
Richard Murphy, P. Geo is the qualified person
responsible for the technical content contained in this release. He
has reviewed and approved the content herein.
For further information on Manitou Gold
Inc. contact: |
|
|
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Richard Murphy, CEO |
Telephone: |
1 (705) 698-1962 |
|
Email: |
info@manitougold.com |
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking Statements – Certain information
set forth in this news release may contain forward-looking
statements that involve substantial known and unknown risks and
uncertainties. These forward-looking statements are subject to
numerous risks and uncertainties, certain of which are beyond the
control of Manitou, including, but not limited to the receipt of
applicable shareholder approvals. Readers are cautioned that the
assumptions used in the preparation of such information, although
considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on
forward-looking statements
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