Manitou Gold Divests NonCore Assets and Strengthens Treasury While Advancing Exploration at Goudreau

In search of Canada’s next gold discovery, Manitou Gold ( MTU:TSXV) sees  billion dollar deposit potential on their Goudreau project in Northern  Ontario. They just executed a move that simultaneously raises funds and  strengthens their treasury to focus on making such a discovery. Manitou  divested themselves of a non core asset allowing them to develop more  attention to Goudreau through the sale of their Dryden properties.  Manitou Gold iis selling 100% Interest in its Dryden Properties for 7  Million that is a combination of cash and common Shares, Plus 1% NSR  that has a .50% buyback for $1M. Not only that, Manitou becomes become a  significant insider receiving 4,000,000 common shares of Dryden Gold,  who will will be pursuing an initial public offering. This is what a win  win situation looks like, strenghting the treasury, boosting shreholder  confidence, releasing a non core asset and proving greater focus on  Goudreau where they are determined to make a discovery The  Goudreau Project: 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 recently 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 as the winter  drill program progresses. 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.