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Manitou Gold $MTU Provides Exploration Update on its 100% Owned Goudreau Project $AGI.ca $OIII.ca $AR.ca $WDO.ca

Posted by AGORACOM-Eric at 8:10 AM on Tuesday, February 23rd, 2021
  • Ongoing 10,000 m drill program along the southeastern segment of the Baltimore deformation zone
  • Focus of continued drilling is 10km of strike length along the BDZ
  • BDZ remains largely unexplored with only 4,400 m of historic drilling for gold
  • A 2nd diamond drill is testing new targets along 4km of the BDZ

Manitou Gold Inc. (TSX-V: MTU) (the “Company” or “Manitou”) today provided an update on its ongoing 10,000 m drill program along the southeastern segment of the Baltimore deformation zone (the “BDZ”). Additionally, the Company has commenced a 300 line kilometer ground geophysical survey covering an additional 10 kilometers of strike length along the BDZ, which will be the focus of continued drilling.

The BDZ is an emerging crustal scale structural corridor that is the extension of the prolific Goudreau-Localsh deformation zone (the “GLDZ”), which hosts the majority of gold deposits in the northeastern Michipicoten greenstone belt. The BDZ is centrally located in the eastern half of the Company’s land package, which covers nearly 350 square kilometers.

Highlights:

  • The BDZ represents a crustal-scale fault system that is the key target for orogenic gold mineralization and the extension of the Goudreau-Localsh deformation zone, which hosts two multi-million ounce gold deposits.
  • The GLDZ has been tested with more than 1,000,000 m of diamond drilling for gold, whereas the BDZ remains largely unexplored with only 4,400 m of historic drilling for gold:

○ The cumulative drilling along GLDZ resulted in the discovery of 6 orebodies to date;

○ Recent results with intercepts of up to 15 m grading 1.5 g/t Au, including 5.3 m at 2.7 g/t Au in hole MTU-20-56 demonstrate that the BDZ is a fertile corridor for orogenic gold deposits;

○ The BDZ on Manitou ground covers an equivalent length and area as the GLDZ and provides abundant opportunity for discovery of multiple gold deposits.

  • The “Main Shear”, which dominates the central corridor of the BDZ and hosts the Stover zone, has been confirmed by drilling to be continuous for over 2 km:

○ Two step-out holes located approximately 600 m west and 1,200 m east along strike of hole MTU-20-49 (39.9 m at 0.5 g/t) display zones of deformation, alteration and mineralization similar to that of the Stover zone (assay results pending);

○ The Stover zone remains open in all directions; additional drilling to test for higher grade shoots is ongoing. The target mineralized zone has been intersected in three recent drill holes, for which assays are pending;

○ A second diamond drill is testing new targets along a 4 km portion of the BDZ.

Read More: https://agoracom.com/ir/ManitouGold/forums/discussion/topics/755875-manitou-gold-provides-exploration-update-on-its-100-owned-goudreau-project/messages/2304882

Manitou Gold $MTU.ca Continues To Intersect Wide Zones Of Gold Mineralization On The Baltimore Deformation Zone (“BDZA”) Within Goudreau Project $AGI.ca $O3.ca $AR.ca $WDO.ca

Posted by AGORACOM-Eric at 8:57 AM on Tuesday, February 9th, 2021

Manitou Gold Inc. has released additional assay results from its continuing 10,000-metre drill program along the eastern portion of the Baltimore deformation zone (BDZ) on its 100-per-cent-owned Goudreau project in Northeastern Ontario.

  • Highlights of drill results are from the Stover occurrence, where the Company is reporting assay results from an additional three drill holes completed in January of this year.
  • Drilling is continuing with two diamond drill rigs to test the Stover occurrence and 28 other high priority targets on the eastern four km of the 17 km length of our BDZ.

Highlights:

Drilling continues to intersect broad zones of gold mineralization along strike and down plunge of previously announced, shallower drill hole intersections at the Stover Zone with highlights including:

  • 57.3 m at 0.3 g/t Au (starting at 150.7 m down hole), including 5.0 m at 1.5 g/t Au in hole MTU-21-03.
  • 26.8 m at 0.3 g/t Au (starting at 85.2 m down hole) and a separate intersection of 13.8 m at 0.5 g/t Au (starting at 132.6 m down hole) which includes 1.6 m at 1.5 g/t Au in hole MTU-21-02. These intersections are below and down plunge of holes MTU-20-49, 52 and 56 which intersected:
  • 39.9 m at 0.5 g/t in hole MTU-20-49, 0.8 g/t Au over 18.0 m, including 3.3 g/t Au over 2.1 m in hole MTU-20-52; and
  • 15 m grading 1.5 g/t Au, including 5.3 m at 2.7 g/t Au in hole MTU-20-56.

Read More:https://agoracom.com/ir/ManitouGold/forums/discussion/topics/754967-manitou-gold-continues-to-intersect-wide-zones-of-gold-mineralization-on-the-baltimor-deformation-zone-bdza-within-goudreau-project/messages/2302806#message