- Manitou Gold (MTU) has completed the first five drill holes at the Baltimore Deformation zone grid on the Goudreau Project
- Five drill holes have been completed to date and assay results are pending
- The company is now set to begin drilling in the northern central portion of the target area
- Manitou Gold is a Canadian exploration-stage company
- Manitou Gold Inc. (MTU) opened trading at C$0.055 per share
Manitou Gold (MTU) has completed the first five drill holes at the Baltimore Deformation zone grid on the Goudreau Project in northeastern Ontario.
Highlights:
- All drill targets are supported by favorable geophysical and gold-in-soil anomalies
- The program is progressing well with five drill holes completed to date
- Assay results anticipated in the coming weeks
Richard Murphy, President and CEO of Manitou Gold commented on the program’s progress.
“This initial drilling program at the western perimeter of the BDZ represents the first holes ever drilled in this target area and we are anxious to receive the drill results in the coming weeks and months. The targets we are currently testing all lie within one of the best possible structural settings for forming a large orogenic gold deposit.”
The winter drilling program is progressing well with five drill holes completed in the southern portion of the target area. Core samples from three of the five holes have been delivered to the laboratory and assay results will be released as they are received and interpreted.
The company is now set to begin drilling in the northern central portion of the target area, where there are several promising coincident structural, geophysical and geochemical targets.
Manitou Gold is a Canadian exploration-stage company engaged in the acquisition, exploration, and development of mineral property interests.
Manitou Gold Inc. (MTU) opened trading at C$0.055 per share.