UPDATE: Manitou Gold Reverses Earlier Gain, Now Off 9% After Announcing Assay Results
Manitou Gold Inc. (MTU.V) moved to the negative territory on Friday afternoon, trading nearly 9% lower at day low 54 cents, after reporting its assay results received from the visible gold intersection in diamond drill hole KW-11-69 as well as channel sample results along the #2 shear from the Kenwest Project located in Northwestern Ontario.
The company said discoveries occurred during the course of the ongoing exploration programs while conducting diamond drilling and surface trenching on the Kenwest Property.
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