- Manitou Gold (MTU) has identified a new gold zone, the Bald Eagle Gold Zone (BEGZ), on its Goudreau project in northeastern Ontario
- The Bald Eagle Gold Zone has been intersected with six drill holes over a strike length of 150 metres
- Highlights from the new zone include 3.3 g/t gold over 3.0 metres
- Manitou Gold is a Canadian exploration-stage company engaged in the acquisition, exploration, and development of mineral property interests
- Shares in Manitou Gold Inc. (MTU) are steady, trading at $0.07 per share
Manitou Gold (MTU) has identified a new gold zone, the Bald Eagle Gold Zone (BEGZ), on its Goudreau project in northeastern Ontario.
Surface work late in the summer of 2021 identified the Bald Eagle Gold Zone as a new gold zone in the northeastern portion of the Goudreau project.
The Goudreau Project covers 350 square kilometres in an area located 50 kilometres northeast of Wawa, Ontario.
The Bald Eagle Gold Zone has been intersected with six drill holes over a strike length of 150 metres. So far, 1,800 metres have been drilled and the results of four holes have been received.
In the fifth hole, drilling encountered visible gold, and results are pending for that hole.
Highlights from the new zone include 3.3 g/t gold over 3.0 metres and 5.2 g/t gold over 1.5 metres withing a wider gold interval of 0.8 g/t gold over 20.6 metres.
Manitou Gold is currently drilling high priority targets on the west side of the Baltimore Deformation Zone (BDZ).
The BEGZ has been identified as being part of a large-scale orogenic system within the boundaries of the Goudreau project. Approximately 67 per cent of Canadian gold production is found within this type of geologic setting.
Manitou Gold is a Canadian exploration-stage company engaged in the acquisition, exploration, and development of mineral property interests.
Manitou’s key strategic shareholders include Alamos Gold (TSX:AGI) and O3 Mining (TSXV:OIII).
Shares in Manitou Gold Inc. (MTU) are steady, trading at $0.07 per share as of 3:48 pm ET.
