Oct 20 2010
Manitou Gold Inc. (TSX VENTURE:MTU) today reports that it has initiated a second phase of drilling on its Sherridon and Kenwest gold properties, located within the Upper Manitou Lake Area.
This second phase of drilling will follow up on a number of the higher grade gold intersections from the first phase of drilling. Drilling will also be targeting untested IP anomalies and surface gold showings.
The Company considers the Sherridon Gold property to be a highly prospective property due to the following:
- Intersections of gold coincident with induced polarization ("IP") anomalies, with assay results ranging between trace and 25.3 g/t Au (see press release dated September 21, 2010).
- Identification of visible gold in a number of narrow shear zones intersected in 2010 summer drilling.
- Numerous IP anomalies identified in 2010 spring IP survey (including targets yet to be tested by drilling).
- High grade grab samples taken from the property during 2009 summer prospecting program, ranging from trace to 617 g/t Au (see press release dated April 19, 2010).
The Company believes that the close correlation of the IP anomalies to gold mineralization suggests strike continuity in excess of 600 metres, with many of the geophysical anomalies extending beyond the limits of the existing grid.
Based on encouraging initial results from exploration activities at Sherridon, the Company increased the size of the Sherridon Gold property this summer, staking an additional 220 claim units (3,250 ha) contiguous to the original Sherridon property.
Following this second phase of drilling at Sherridon, drilling will proceed to the Kenwest property to follow up on the high grade Kenwest drill intersection of 15.4 g/t Au over 6.1 metres in hole KW-10-13 (see July 7, 2010 press release). This hole was drilled along the Big Master Mine trend and tested a 400 metre long IP chargeability anomaly.
The Qualified Person responsible for the technical content of this news release is Todd Keast, P. Geo., Vice President, Exploration of Manitou Gold Inc. Mr. Keast has verified all of the technical data contained in this release.