Manitou Gold Intersects 5.0 g/t of Gold over 4.6 m at its Goudreau Project in Northeastern Ontario

SUDBURY, Ontario, May 25, 2020 (GLOBE NEWSWIRE) -- Manitou Gold Inc. (TSX-V: MTU) (the “Company” or “Manitou”) is pleased to announce initial drill results from the Rockstar Vein at the Company’s Goudreau Project, which is aimed at testing a higher grade mineralized “shoot” down plunge of previous drilling.  Drill highlights from the first three holes at Rockstar, which intersected 5.0 g/t gold over 4.6 m (including 11.1 g/t Au over 1.2 m), demonstrate an increase in both thickness and grade of the vein at depth. The Rockstar Vein is open to the east and additional down-plunge drilling in that direction is ongoing.  

Exploration Drilling

The Rock Start Vein drilling is following up on surface channel sampling completed in 2019 (see news release dated July 31, 2019), which indicated that the vein averages 3.0 g/t gold over an average width of 1.5 m (apparent width) where it was exposed by mechanical stripping over a strike length of 100 m. The first three drill holes at Rockstar tested the down-plunge extension of the vein at a vertical depth of approximately 170 m. The three most recently completed holes were drilled over a strike length of approximately 100 m below drilling completed by the previous operators. Two of the drill holes encountered typical Rockstar alteration, mineralization and deformation extending the zone at depth, with hole MTU-20-16 showing an increase in thickness and grade of the mineralized zone relative to the mineralized zone on surface and in previous, shallower drilling. Hole MTU-20-16 intersected a broad shear zone over 15 m, which includes a mineralized zone that returned 5.0 g/t gold over 4.6 m, including 1.2 m of 11.1 g/t gold (True widths are estimated at 70% to 90% of the drilled thickness). Hole MTU-20-20, which was drilled 50 m along strike to the east-southeast, also intersected the mineralized zone, where it returned an assay of 3.78 g/t gold over 0.4 m. The mineralized zone in this hole is terminated abruptly against a wide lamprophyre dike that has cut off part of the zone at this location. For further information on the Goudreau Project visit the Company’s website at www.manitougold.com.