Oct 27 2011
Manitou Gold Inc. has reported on assay results received from the Gaffney Extension diamond drill project, located within the Lower Manitou Lake area of Northwestern Ontario. Thirty-one diamond drill holes (6,968 metres) have been completed, with assay results received from the first twenty-six holes.
Highlights
Diamond drill hole G-11-24 intersected two significant widths of gold mineralization, consisting of 12.2 m of 2.8 g/t Au (including 6.2 m of 4.1 g/t Au) and 26.7 m of 1.3 g/t Au (including 8.5 m of 2.0 g/t Au). Diamond Drill hole G-11-24 is positioned approximately 70 m down dip from Diamond Drill hole G-11-12, where Manitou Gold reported a wide intersection of 31.0 m of 1.8 g/t Au, including a higher grade section of 8.8 m of 5.0 g/t Au.
Diamond drill hole G-11-26, located on a section approximately 90 m to the northwest of G-11-24, also intersected a significant width of gold mineralization, which averaged 18.0 m of 2.6 g/t Au, including a higher grade section of 2.8 m of 14.6 g/t Au. Individual samples from this interval assayed as high as 31.5 g/t Au over 0.75 m. Hole G-11-26 is positioned approximately 60 m behind diamond drill hole G-11-14 which also intersected significant gold mineralization consisting of 6.9 m of 2.8 g/t Au, including a higher grade section of 2.1 m of 6.8 g/t Au.
Diamond drill holes G-11-24 and G-11-26 are part of a deeper set of holes testing the down-dip and along strike continuity of previously identified gold mineralization. These deeper holes, which tested the 175 m vertical level, provide confirmation of both the down-dip continuity and increasing size of the gold mineralization on this property. Similarly, the significantly wide intersections identified in holes G-11-24 and G-11-26, which are located approximately 90 m along strike from each other, provide confidence in continuity at increasing depth. A summary of significant assay results from the diamond drill program can be found in Table 1.
Other highlights from the diamond drill program include diamond drill hole G-11-19 which intersected 10.0 m of 1.1 g/t Au. G-11-19 intersected mineralization approximately 60 m below G-11-09, which intersected 7.0 m of 3.8 g/t and is approximately 300 m to the northeast of the gold mineralization identified in hole G-11-12, which intersected 8.8 m of 5.0 g/t Au, and G-11-24. These promising results indicate both down-dip and along-strike continuity of the gold mineralization which remains open to the northeast, southwest, and at depth. The confirmation of the gold content and of the width of the system provides continued confidence in the program, as the company awaits assay results from the remaining five holes from the first phase diamond drill program on the Gaffney Extension project.
Mineralization
Gold mineralization at the Gaffney Extension is hosted within a highly altered quartz eye intrusion which contains narrow quartz veins and stringers, with disseminated pyrite and pervasive ankerite alteration. The alteration zone shows considerable widths of gold mineralization exemplified by the intersection of 26.7 m of 1.3 g/t Au in G-11-24. A second style of gold mineralization has been identified and consists of quartz feldspar porphyry ("QFP") dykes, which contain 1-3% disseminated pyrite. The QFP dikes have consistently contained appreciable gold mineralization. The widespread distribution of the dikes along the mineralized trend and the tenor of gold in the dikes are identified as important indicators of a prolific gold bearing system. Gold mineralization in both the altered quartz eye intrusion and the quartz porphyry dykes is open along strike, to the northeast and southwest, as well as at depth.
Assay results for holes G-11-27 through G-11-31 are pending and will be released when available.
Source: www.manitougold.com