Manitou Gold ( MTU:TSXV ) Makes High Grade Gold Discovery in Search Canada’s Next Billion Dollar Deposit

In search of Canada’s next gold discovery, Manitou Gold MTU:TSXV) sees billion dollar deposit potential on their Goudreau project in Northern Ontario.

Specifically, the area known as the The Baltimore Deformation Zone ( think Destor -Porcupine fault and and Gold camp it has become), and you see why management believes they have multiple shots at finding a billion dollar deposit. The Baltimore Zone has a 10 km trend that has never been systematically explored, it is going to take allot of drilling and Manitou has demonstrated their commitment with multiple increases to their drill program in order to define a discovery.

Their commitment to drilling this vastly unexplored area may have just paid off. The company announced a high grade discovery in their newly named Bald Eagle Gold Zone with 19G/t gold over a meter. The six holes drilled all encountered mineralization and the success is leading to an even greater commitment to drilling as a second rig is being added to the BEGZ to define a greater area of mineralization.

If that isn’t enough to garner your attention, Manitou isn’t doing it alone. Supported by 2 majors in Alamos (AGI) and O3 Mining (OIII ) who are providing Board Representation, Treasury Support and Technical Guidance for the drill program.

Lastly, Manitou isn’t alone in the area. They are surrounded by Majors, one who also happens to be Alamos ( operator of the high grade Island Gold Mine and Manitou partner ) and Argonaut Gold (AR) who are preparing for production in 2023.

Sit back and enjoy this great interview with CEO Richard Murphy as explains why Manitou is the next Smallcap stock to own in one of Canada’s more opportunistic gold camps.