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Manitou Gold Intersects 66.0 Metre Wide Interval, Averaging 1.5 g/t Gold at Gaffney Extension

Investing News Network
Dec. 06, 2012 09:16AM PST
Gold Investing

Manitou Gold Inc. (TSXV:MTU) announced results of six diamond drill holes from the 2012 Gaffney Extension drill program.

Manitou Gold Inc. (TSXV:MTU) announced results of six diamond drill holes from the 2012 Gaffney Extension drill program.

As quoted in the press release:

Diamond drill hole G-12-32, the first hole of the 2012 program, intersected a 66.0 metre wide interval which averaged 1.5 g/t Au. This interval contained two exceptionally wide sections of gold bearing QFP dyke, 37 metres wide and 13 metres wide respectively. These two wide QFP intervals represent a significant change to the geological model, resulting in a reassessment of the gold mineralization and the drill pattern. It was determined that a series of holes completed at different orientations to the normal drill pattern would confirm the geometry of the gold bearing QFP dyke (see cross section).

Manitou’s President and CEO, Todd Keast, said:

This newly identified gold bearing QFP Dyke presents a very exciting exploration target. The body appears to be 6 to 10 metres wide and contains several metres of the mineralized altered diorite along the contacts. QFP dykes often demonstrate considerable continuity along strike and at depth, which presents the potential for a sizeable target with exceptional predictability.

To view the whole press release, click here. 

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AGNICO EAGLE PROVIDES AN UPDATE ON YEAR-TO-DATE EXPLORATION RESULTS: DETOUR LAKE RETURNING HIGH GRADE INTERCEPTS UP TO 2 KM AWAY FROM CURRENT OPEN PIT; EAST GOULDIE DELIVERING SOLID INFILL CONVERSION RESULTS AND STEP-OUT DRILLING TO THE EAST AND WEST; HOPE BAY RETURNING WIDE HIGH GRADE INTERSECTIONS BELOW THE DORIS DEPOSIT; EXPLORATION OF AMALGAMATED KIRKLAND DEPOSIT IN KIRKLAND LAKE ADVANCING FROM SURFACE AND UNDERGROUND

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