Inactive Instrument

Manitou Gold Inc.

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MTU

CA5635081006

Manitou Gold : Manito Gold is launching the next phase of its 18,000m drill program at the Goodrow Project in Wawa, Ontario. Canadian Business Journal

August 11, 2021 at 11:09 am EDT

Ontario - Manitou Gold Inc. (TSX-V: MTU) ('Company' or 'Manitou') announces the start of the next phase of drilling 18,000 meters did.

A program designed to test new high-priority targets for Goudreau projects.

The new target is placed along the Baltimore Deformation Zone ('BDZ'). This represents the continuation of the fault offset of the Goodrow-Locarsh deformation zone ('GLDZ'). GDLZ host Alamos Gold (TSX: AGI; NYSE: AGI) With Island Gold Mine Argonaut Gold's Magino deposits currently under development, in addition to smaller mines produced in the past, such as the Klein and Edwards mines.

We will initially test some high priority targets on the western side of the BDZ. These targets are of very high quality and have been derived from a combination of induced polarization and detailed magnetic geophysical studies, soil geochemistry, geological / structural observations and interpretations. The main targets for initiating this phase of drilling are a series of multi-line gold and gold / copper anomalies with surface strike lengths up to 350 meters and simultaneous Earth in close proximity to prominent structural intersections. It consists of physical anomalies.

'This drilling campaign follows a highly successful field program that has continued to move forward in the challenges presented by Covid-19. Richard Murphy, President and Chief Executive Officer of Manitou Gold, said: 'This series of drillings represents the culmination of years of work in assembling 100% owned land packages and the' ground boots 'work needed to establish highly promising drilling targets. '

About the Goodrow Project

The Goodrow Project is located 50 km northeast of Wawa, Ontario and is covered by Archean rocks of the Michipicoten Greenstone Belt. The project area is passed by several large transformation corridors (such as BDZ and GLDZ). These corridors host most of the gold deposits and exhibits in important areas of the region.

As an eastward fault offset extension of the GLDZ, hosting two millions of ounces of gold deposits and seeing over 1,000,000 meters of gold drilling, the BDZ is only 4,400 meters, along a trend of 18 kilometers in length. Has not been investigated very thoroughly. Of historic gold digging.

The Goodrow project covers approximately 350 square kilometers of 100% owned land in this re-emerging gold camp, which hosts millions of ounces of gold deposits.

Manito's major strategic shareholders are: Alamos Gold Co., Ltd. (((TSX: AGI; NYSE: AGI) 19.9% When O3 Mining Inc. (TSX.V: OIII; OTCQX: OIIIF) 9.9%, Each is calculated individually on a partially diluted base.

Contact:

Richard Murphy

Tel: 1 (705) 698-1962

Email: info@manitougold.com

Forward-Looking Statements

The specific information contained in this news release includes substantive known and unknown risks and uncertainties, including regulatory risks associated with receiving final approval of the TSX Venture Exchange offering. May contain forward-looking statements, including. These forward-looking statements are exposed to a number of risks and uncertainties, some of which are beyond the control of Manito, including those relating to the future nature of Stover and Lenaby Easy Lake's assets. Thing. The reader believes that the assumptions used to create such information are reasonable at the time of creation, but may prove inaccurate and therefore excessive in the forward-looking statements. Keep in mind that you shouldn't trust.

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	ALAMOS GOLD INC.	20.66 CAD	-1.48%	+2.43%	5.97B
	O3 MINING INC.	1.48 CAD	+3.50%	-0.67%	94.63M

Latest news about Manitou Gold Inc.

Alamos Gold Inc. completed the acquisition of remaining 81% stake in Manitou Gold Inc..	23-05-22	CI
Manitou Gold Shareholders Vote to Approve C$17.2-Million Sale to Alamos Gold	23-05-11	MT
Manitou Gold Inc. Reports Earnings Results for the Full Year Ended December 31, 2022	23-04-21	CI
Manitou Gold Inc. Auditor Raises 'Going Concern' Doubt	23-04-20	CI
Toronto Stocks Slip, Bank of Nova Scotia Drops on Profit and Revenue Miss	23-02-28	DJ
Manitou Gold Soars 80% As Alamos Gold to Acquire Remaining Shares; National Bank Assigns Value to Island Gold Mine	23-02-28	MT
Alamos Gold To Acquire Manitou Gold For $14 Million	23-02-28	MT
Reflie -- Alamos Gold Brief: Under Terms of Agreement, Manitou shareholders will receive 0.003525 of an Alamos common share for each Manitou share, representing a value of C$0.05 per Manitou share	23-02-28	MT
Refile: -- Alamos Gold Brief: Announcing Acquisition of Manitou Gold. More Than Tripling Land Package Adjacent to Island Gold Mine	23-02-28	MT
Alamos Gold Brief: Under Terms of Agreement, Manitou shareholders will receive 0.003525 of an Alamos common share for each Manitou share, representing a value of C$0.05 per Manitou share	23-02-28	MT
Alamos Gold Brief: Announcing Acquisition of Manitou Gold. More Than Tripling Land Package Adjacent to Island Gold Mine	23-02-28	MT
Alamos Gold Inc. entered into a definitive arrangement agreement to acquire remaining 81% stake in Manitou Gold Inc. for CAD 13.6 million.	23-02-27	CI
Manitou Gold Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-17	CI
Manitou Gold Says to Continue Exploring Gold and Nickel Targets on Goudreau Project, Begin Drilling in January 2023	22-11-08	MT
Manitou Gold Inc. Provides Exploration Update on its Goudreau Project in Northern Ontario	22-11-08	CI
Manitou Gold Gains 11% as Reports Assays From Goudreau Project Confirming Significant Nickel-Cobalt Discovery	22-10-04	MT
Manitou Gold Reports Assays From Goudreau Project Confirming Significant Nickel-Cobalt Discovery; Comes After Falling 10% on Monday	22-10-04	MT
Manitou Gold Brief: Says Intersected 230.6 Metres of 0.25% Nickel Equivalent at Goudreau Project Further Confirming "Significant" Nickel-Cobalt Discovery	22-10-04	MT
Manitou Gold Inc Intersects 230.6 Metres of 0.25%Ã¡Nickel Equivalent at Goudreau ProjectÃ¡Further Confirming Significant Nickel-Cobalt Discovery	22-10-04	CI
Manitou Gold Says Intersections Confirm "Significant" Nickel-Cobalt Discovery at Goudreau Project	22-09-26	MT
Manitou Gold Intersects 208M and 252M At 0.25% Nickel Confirming Significant Nickel-Cobalt Discovery At Goudreau Project	22-09-26	CI
Manitou Outlines Interim Results From Ongoing Exploration Activities at Goudreau	22-09-07	MT
Manitou Gold Providing Exploration Results in Support of Western Nickel Spin-Out	22-09-07	MT
Manitou Gold Brief: Providings Exploration Results in Support of Western Nickel Spin-Out	22-09-07	MT
Manitou Gold Inc. Provides Exploration Results in Support of Western Nickel Spin-Out	22-09-07	CI

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Company Profile

Manitou Gold Inc. is a Canada-based exploration company. The Company is engaged in the business of locating and exploring mineral properties. The Company's projects include Goudreau properties, Dryden project and other properties, including Canamerica property and Sherridon property. The Goudreau properties consist of approximately 22,500 hectares of consolidated prospective gold properties on the Michipicoten Archean Greenstone Belt. The Dryden project is located within the Boyer Lake Area approximately 35 kilometers (km) south of Dryden. The Canamerica property is located within the Boyer Lake Area, Turtlepond Lake Area and the Harper Lake Area, approximately 35 km south of Dryden. The Sherridon property is located within the Mang Lake Area, the Lower Manitou Lake Area, and the Meggisi Lake Area, approximately 60 km south of Dryden. It also owns an approximately 148 square kilometers land package of gold properties located in the Gold Rock District, in Northwestern Ontario (Dryden).

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