SUDBURY, ONTARIO--(Marketwire - Oct. 17, 2012) - Manitou Gold Inc. (TSX VENTURE:MTU) ("Manitou" or the "Company") ("Manitou") is pleased to announce the launch of its new website: www.manitougold.com.
The updated website was redesigned with the user foremost in mind. The new website will better meet the increasing demands of retail and institutional shareholders, prospective investors, and brokers and financial institutions by offering simplified navigation and easier access to exploration project details and other corporate information.
Manitou Gold Inc. ("Manitou") is a Canadian exploration company with a 189 km2 land package of highly prospective gold properties located in the historical Gold Rock District, in Northwestern Ontario. This under-explored area has a very attractive geological setting hosting 61 known gold occurrences including three past producing mines (Big Master, Laurentian and Elora). Until recently, the area has remained relatively untouched by modern-day exploration, pointing to excellent discovery potential over this large land package.
The company is currently focusing exploration efforts on three properties totalling 32.6 km2. These include the Kenwest, Gaffney Extension and Elora properties. Recent diamond drilling on Manitou's Kenwest property returned an impressive intersection of 53,700 g/t Au over 0.55 metres. On the Gaffney Extension property, a 75.1 metre section averaging 2.1 g/t Au was discovered during the 2011 diamond drilling season. These two projects are situated 30 kilometres apart along a large scale regional structure. Also located on this structure is the recently acquired Elora property, which hosts the past producing Laurentian and Elora mines. Elora is located directly adjacent to Kenwest. Recent resampling of diamond drill core from 2004-2008 (previous operators) are consistent with historic values, returning assays as high as 5.48 g/t Au over 6.8 metres.
Manitou's President & CEO, Todd Keast, P.Geo. has a proven track record in exploration and discovery and is leading a highly skilled technical team representing 85 years of experience, ensuring efficient, cost effective and systematic exploration on the Company's projects. The company is well financed to pursue aggressive exploration on the three priority properties.
Todd Keast, P. Geo., is the Qualified Person as defined under NI 43-101 who has reviewed and is responsible for the technical information presented in this news release.
For further details about the Company's projects please visit the Manitou website at www.manitougold.com.
Statements in this release that are forward-looking statements are subject to various risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of exploration results and estimates and that the resource potential will be achieved on exploration projects, currency fluctuations, dependence upon regulatory approvals, the uncertainty of obtaining additional financing and exploration risk. Readers should also refer to the specific factors disclosed under the heading "Risk Factors" in the Company's filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.