Manitou Gold Inc. (TSX-V:MTU) has identified a new gold zone, the Bald Eagle Gold Zone (BEGZ), on its Goudreau project in northeastern Ontario.
The BEGZ has been intersected with six drill holes over a strike length of 150 meters (m).
The company said visible gold was observed in the BEGZ hole MTU-21-43 with assays pending. It also identified a new gold zone identified in the northeastern portion of the project area with wide drill intersections of gold mineralization.
WATCH: Manitou Gold's recent drill results at the Goudreau Project in Ontario show great promise
In addition, intersection highlights include:
- 3.3 grams per ton (g/t) gold over 3m, including 5.2 g/t gold over 1.5m within a wider gold mineralized interval of 20.6m at 0.8 g/t gold in hole MTU-21-41;
- 1.4 g/t gold over 9m and 2.8 g/t gold over 1.4m within a wider gold mineralized interval of 22.8m at 0.9 g/t gold in hole MTU-21-39; and
- Currently drilling high priority targets on the west side of the Baltimore Deformation Zone (BDZ).
Manitou said surface work in the late summer of 2021 identified the BEGZ as a new gold zone in the northeastern portion of the Goudreau project, containing high-grade gold mineralization ranging from below detection limit up to 74.7 g/t gold, based on grab samples.
The BEGZ has been identified as being part of a large-scale orogenic system within the boundaries of the Goudreau project, as about 67% of Canadian gold production is found within this type of geologic setting.
Manitou said gold mineralization at the BEGZ occurs within a highly strained sericite-pyrite schist and is open along strike and at depth. Detailed ground geophysical and geochemical surveys are underway and further step-out and step-down drilling are planned once results for the ongoing surveys have been received.
Drilling is currently testing new priority targets, including coincident multi-line gold-copper soil geochemistry anomalies with strike lengths of up to 350m and coincident IP anomalies in close proximity to prominent structural intersections.
Manitou said these new targets are located along the BDZ, which represents the interpreted fault offset continuation of the Goudreau-Localsh Deformation Zone (GLDZ). The GDLZ hosts Alamos Gold’s Island gold deposit and Argonaut Gold’s Magino deposit, in addition to a number of smaller-scale past-producing mines.
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