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Manitou Gold Inc
Symbol C : MTU
Shares Issued 76,638,876
Close 2018-02-09 C$ 0.12
Recent Sedar Documents

Manitou Gold confirms surface mineralization at Kenwest

2018-02-13 10:26 ET - News Release

Mr. Richard Murphy reports

MANITOU CONFIRMS CONTINUOUS SURFACE MINERALIZATION AT KENWEST

Manitou Gold Inc.'s final assay results from the initial surface bulk sample conducted at its Kenwest property have confirmed continuous surface mineralization. The company's 100-per-cent-owned Kenwest property is located approximately 50 kilometres south of Dryden, Ont.

Manitou completed its initial program of blasting and sampling along the No. 2 shear zone in late November, 2017. A total of 12 dry tonnes of rock material were sampled and sent to SGS Lakefield laboratories. Six blasts were undertaken along the No. 2 shear zone, in order to collect representative samples and to better understand both gold distribution through the mineralized zone and potential geological controls of the mineralization. The No. 2 shear zone is a northeast-to-southwest-trending shear zone that exhibits a near vertical dip and has been filled with quartz veining and related alteration. The No. 2 shear zone is oriented subparallel to the No. 1 shear zone, which occurs on the northwest side of the No. 2 shear zone.

A section of the No. 2 shear zone totalling 12.1 metres that was sampled continually at surface produced an average grade of 6.5 grams per tonne gold. This section encompassed the area tested by blasts five and six. All blasting was continuous along the vein structure, with the exception of a gap of 10.6 metres to the southwest of blast three (between blast two and blast three), which was not blasted or sampled due to a sharp dip in bedrock topography below excessive overburden. This dip in bedrock topography coincides with a north-south-trending fault zone observed in the blasting work.

Manitou interprets the higher-grade shoots of mineralization sampled at surface to be plunging southwesterly along the No. 2 shear zone. This observation is a good fit when modelling historic drilling results with the new observations and interpretations as it enhances the company's continuing and future modelling for exploration drilling.

The further identification and recognition of fault structures that intersect the No. 2 shear zone between blast two and blast three are of great importance. These north-trending faults can play an important role in controlling gold mineralization. The current drill program is testing for gold mineralization associated with similar structures on both the No. 1 and No. 2 shear zones.

Manitou has also recently received the results of the first hole from its recently initiated drill program at Kenwest. Hole KW-18-01 intersected the No. 2 shear zone approximately 50 metres southwest of, and 30 metres below, the face of blast No. 1. The intercept of hole KW-18-01 returned a length weighted intersection of six g/t gold across 2.5 metres (estimated true width of 1.8 metres). This area is coincident with the postulated southwesterly plunging mineralized trends within the No. 2 shear zone. The continuing drill program will test this model.

"We are pleased to see the return of higher-grade assays for a large part of our initial sampling at surface along the No. 2 vein," stated Richard Murphy, chief executive officer of Manitou Gold. "The information we have gathered and the interpretations we have made have helped us in executing a very effective exploration drilling program, which is well under way. I am particularly encouraged by the approximately 40 pounds of gold-bearing rock samples collected from the surface blasting. These samples, which were not included in the assay determinations, provide the company with ample visual specimens of the gold contained in the No. 2 vein at Kenwest. I look forward to the ongoing drilling program, which is continuing to test the theories developed as part of the surface work."

As previously announced, Manitou is currently undertaking an exploration drilling campaign at Kenwest. A total of 1,800 metres of drilling over 15 holes are planned. The first four drill holes were completed to test the No. 2 shear zone and confirm the structural observations postulated herein. Eleven further holes will test the No. 1 shear zone in areas that the Manitou team has interpreted as fitting the high-grade shoot model, making them excellent exploration targets to further test the exploration thesis of southwesterly trending downplunge mineralization. These areas have had little past exploration and cover an area spanning approximately 600 metres along the strike of the No. 1 shear zone. To date, six holes of the current drill program have been completed, with five of them awaiting assay results. Visible gold was observed in holes KW-18-03 and KW-18-06.

Forty steel barrels, each containing approximately 300 kilograms of broken rock, were loaded and sealed on site. The barrels were transported from the project site to SGS facilities in Garson, Ont., where they were inspected, unloaded and weighed. The samples were then dried in a 105 degree C drying oven. Each sample was sent through a two-stage crushing circuit, reducing the size to 75 per cent passing two millimetres. A sample of approximately 12 kg, was then obtained through rotary division. From this 12-kilogram sample, a subsequent rotary division process segregated a further two one kg samples. The first one kg sample was pulverized to 85 per cent passing 75 microns. Using a riffle splitter, smaller subsamples were created from this pulverized one kg sample. Two 50-gram fire assays were performed with an atomic-absorption finish, with reporting limits of Au five parts per billion to 10,000 ppb. Overlimit samples were reassayed with gravimetric finish. The second one kg sample had screen metallic gold analysis completed on it. These samples were screened to 106 microns, then a fire assay was performed with AA finish of the entire plus fraction and duplicate analysis of the minus fraction with gravimetric finishes.

Drill core samples reported herein were transported in sealed bags to Activation Laboratories assay lab in Dryden, Ont. Samples were then crushed to 75 per cent passing two mm, split, then pulverized to 85 per cent passing 75 microns. Using a riffle splitter, a 50 g subsample was created. Then, 50 g fire assays were performed with an AA finish. Overlimit analysis was performed on all primary assay results greater than 10 g/t Au. All overlimits were tested by fire assay with gravimetric finish.

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