Jul 17 2018
Manitou Gold Inc. has published an update on exploration and related activities for its Goudreau area properties.
A plan map showing Manitou Gold’sproperties along the GLDZ. (Credit: Manitou GoldInc.)
Manitou Gold’s current property portfolio along the Goudreau-Localsh Deformation Zone (“GLDZ”) includes the Goudreau Patents, which comprise the 7,000+ acre Rockstar Property, and 160 acres of surface and mining rights patented lands. Both properties were just acquired and the first modern exploration programs are currently taking place in them.
In the last few years, the GLDZ has seen substantial new investment in gold exploration and development activity. GLDZ’swestern half is dominated by Argonaut Gold’s Magino advanced development project and Alamos Gold Inc.’s Island Gold Mine property, that latter of which was purchased by Alamos last November through its takeover of Richmont Mines.
Directly east of the Alamos property is the past producing Edwards and Cline Mines. Manitou Gold’s Goudreau Patents property is situated just to the east of the Edwards and Cline Mines. The Rockstar Property can be found southeast of Manitou’s Goudreau Patents property and covers a huge section of the eastern half of the GLDZ.
Manitou is happy to report that it struck deals with all four First Nations who have traditional use of the company’s claim areas along the GLDZ.
We are very thankful to each of Missanabi Cree First Nation, Michipicoten First Nation, Batchewana First Nation and Garden River First Nation for their respectful, honest negotiations and information sharing. We look forward to continue sharing information and opportunities with our First Nation partners.”
Pat Dubreuil, Manitou President
The Ministry of Northern Development and Mines has given Manitouan exploration permit for the Rockstar Property. The permit covers all work the Manitou plans on undertaking spanningthe next three years. Manitou geologists have only recently begun prospecting of the Rockstar Property.
Preliminary work concentrated on the surface area around the strike of the Rockstar vein. Thus far, Manitou has extended the apparent strike distance of the Rockstar vein by an extra 200 m.
Six grab samples have been taken from the Rockstar vein, with assay results ranging from 1.9 to 14.2 g/t gold. In addition, a new zone of robust shearing and veining has been found at surface in the north-central part of the Rockstar Property.
This new region is approximately 50 m wide, has thus far been traced for 180 m along strike, and is presently being prospected and sampled with a view to establishing the extent and gold potential. Grab samples can be selective in nature and thus should not be depended on to signify indicative grades.
Preliminary prospecting of the Goudreau Patents Property additionally verified the presence of the GLDZ and local mine host rock units on the property.
The area of the property recognized as being the most prospective by geochemical and geophysical surveys finalized earlier this year does not have any surface exposure and will be explored by diamond drilling.
Going forward, Manitou will continue prospecting and mapping its GLDZ properties throughout the summer and fall. Additional results will be publicized as they come available.