Manitou Gold - Nickel Spin Out Will Give Shareholders 80% More Free Stock

In search of Canada’s next gold discovery, Manitou Gold (MTU:TSXV) sees billion dollar deposit potential on their Goudreau project in Northern Ontario. Manitou controls 100% of the project in Northern Ont. where they are accelerating exploration in search of Canada’s next gold discovery, and maybe a mine; and now Nickel has been added to the discovery list with a 3 hole program all returning over 200 meter intersections of Nickel.

The Goudreau Project has 2 Zones, separated through faulting.

The “Goudreau-Lochalsh Deformation Zone” has seen multiple discoveries by other companies that have committed multi-million dollar exploration budgets to explore the area ( Trillium Mining, Alamos, Argonaut Gold ). The zone was recently confirmed as an emerging 'Juggernaut' for gold production with nearly 10 Moz of gold resources and reserves being developed and mined on Manitou's western flank.

The “Baltimore Deformation Zone” is an offset of Goudreau and is a 17KM trend of highly prospective gold targets for exploration in an area that is underexplored. The Baltimore Deformation Zone can be compared to the Destor -Porcupine fault where many deposits and millions of ounces of gold have been identified. The Gold camp it helped create has become synonymous with gold. This is why management believes they have multiple shots at finding a billion dollar deposit and not just as a gold discovery, but that of nickel as well.

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 as they have made a very significant Nickel discovery.

Manitou announced that they Identified Nickel-Iron alloy in drill core, outlining a 60 km structural trend highlighting large tonnage Nickel & Gold potential. The recently completed 3 hole program all returned intercepts of 200meters plus of 0.25% nickel equivalent. They are an indication of something potentially bigger lurking beneath the surface, something of greater magnitude may be present.

The discovery can be compared compared to Canada Nickel's Crawford deposit, located in Timmins, and the Dumont nickel deposit, located in Quebec.

Not only does Manitou control a gold focused company within 366Square km land package, they now have a Nickel discovery within that same land package and are creating a whole new Pubco to support Nickel Cobalt and PGE Discoveries without taking away from the gold focus. A definite Win Win for Manitou shareholders as they receive 80% of the new company

Meet Western Nickel, a spinout courtesy of the recent nickel discovery on the Goudreau Property.

With a potential discovery area this big, they are going to need help, and boy do they have it. They aren’t going to be doing this alone. Manitou is supported by 2 majors in Alamos (AGI) and O3 Mining (OIII ) who are providing Board Representation, Treasury Support and Technical Guidance for exploration.

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 discovery stock to own in one of Canada’s largest gold and now Nickel camps in the search of Canada’s next billion dollar deposit.