Mistango Drill Testing Historic VMS-Type Targets In Sackville Township, Ontario

Sketch-of-Target-Large


Kirkland Lake, Ontario: Mistango River Resources (CSE: MIS, the “Company”) reports that the Company will drill test several identified targets derived from data compilation to historic (airborne and ground geophysical surveys, “Input VTEM / IP / HLEM / Magnetic”, geological mapping, trenching, soil sampling) and more recently completed mechanical work (backhoe trenching) and IP geophysical surveying at its 100%-owned Sackville Property located approximately 50 kilometers west of Thunder Bay, Ontario.

The Sackville project has been of high interest to the Company over a number of years with several exploration programs being completed attempting to ultimately discover the in-situ source of historic large high-grade polymetallic boulder-train located on the property. The three largest being approximately 3 tonnes (“Stares”), 10 tonnes (“Boomer”) and 15 tonnes (“Calvert”), discovered over a distance of approximately 1.8 kilometres and all being generally aligned in a north to south orientation consistent with ice flow direction. Historical and typical grades for the Stares Boulder: 12% Zn, 0.6% Cu, 4.4% Pb, 359 g/t Ag, 5.52 g/t Au and the Calvert boulder: 12% Zn, 0.26% Cu, 1.70% Pb, 214 g/t Ag, 3.51 g/t Au. (Ni-43-101 Report on Sackville dated June 2010).

Read more: Mistango Drill Testing Historic VMS-Type Targets In Sackville Township, Ontario

Mistango Updates Company Affairs And Exploration

April 22, 2015 Kirkland Lake, Ontario: Mistango River Resources (CSE:MIS the “Company”) is pleased to provide an exploration update and company assets.

Exploration

In the fall of 2014 Mistango completed 5 drill holes on its Sackville Property located west of Thunder Bay, totaling 754m in length. The drilling aimed to discover the in-situ source of historic large high-grade polymetallic boulder-train located on the property. The three largest being approximately 3 tonnes (“Stares”), 10 tonnes (“Boomer”) and 15 tonnes (“Calvert”), discovered over a distance of approximately 1.8 kilometres and all being generally aligned in a north to south orientation consistent with paleo-ice flow direction. Historical and typical grades for the Stares Boulder: 12% Zn, 0.6% Cu, 4.4% Pb, 359 g/t Ag, 5.52 g/t Au and the Calvert boulder: 12% Zn, 0.26% Cu, 1.70% Pb, 214 g/t Ag, 3.51 g/t Au (Ni-43-101 Report on Sackville dated June 2010).

The 4 drill targets selected for investigation during the 2014 drill program (Targets 1, 2, 6 and 7) consisted of previously unexplored IP, VTEM, airborne magnetic survey, and geochemical soil anomalies associated with bi-modal mafic-felsic volcanic lithology. The targets are located approximately 3 km to the north of the massive sulphide boulder-train, in alignment with the inferred paleo-ice flow direction.

Read more: Mistango Updates Company Affairs And Exploration

MIS Acquires Past Producing Estrades Polymetallic Mine

(Kirkland lake, Ontario): (CSE: MIS) (the “Company”) is pleased to announce that due to a recent action by the Quebec Ministere des Ressources naturelles, certain of the company’s currently held mineral tenures have been enlarged in size and now cover most of a former Mining Lease resulting in Mistango now gaining mining claim status to the past producing “Estrades” Polymetallic Mine.

The east-west trending and vertically dipping Estrades deposit is located approximately 95 kilometers north-east of the town of La Sarre Quebec along the highly prospective Casa Berardi Break which currently contains two Zn-Cu-Pb-Au-Ag bearing sulphide zones averaging >1-3 metres in thickness, of which, the main and central zones are now within the company’s land holdings.

The Estrades deposit was discovered in 1985, with the main zone being developed by Breakwater Resources in 1990 to a vertical depth of 200 metres and the mining of 174,946 tonnes of ore grading 1.1% Cu, 13.0% Zn, 6.4 g/t Au and 172 g/t Ag took place.

Read more: MIS Acquires Past Producing Estrades Polymetallic Mine

MIS Receives HM Claim Royalty Consideration

MISTANGO RECEIVES HM CLAIM ROYALTY CONSIDERATION

Kirkland Lake, Ontario: September 30, 2013: Mistango River Resources Inc. (CNSX: MIS) (“Mistango”) announced today that, further to its press releases dated September 3, 19 and 26, 2013, $1,250,000 CDN and 100,000 common shares (the “Consideration”) of Premier Royalty Inc. (“Premier”) have been released from escrow to Mistango. The Consideration was paid to Mistango by Premier in connection with the sale of Mistango’s 2% net smelter return royalty on Kirkland Lake Gold Inc.’s HM Property to Premier.

For further information please contact:

Mistango River Resources Inc.
Robert J. Kasner, President and CEO
Telephone: 1 705 567 5351
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Mistango River Resources Inc.
Donald Kasner, Investor Relations
Telephone 705-570-1019
E-mail:This email address is being protected from spambots. You need JavaScript enabled to view it.

Sale Of HM Property To Close Sept 26

Kirkland Lake, Ontario: Mistango River Resources Inc. (CNSX: MIS) (“Mistango”) announced today that, further to its press release dated September 3, 2013 announcing that it had entered into a royalty purchase agreement (the “Agreement”) with Premier Royalty Inc. to sell Mistango’s 2% net smelter return royalty on Kirkland Lake Gold Inc.’s HM Property (the “Royalty”), closing of the transaction is now expected to occur on September 26, 2013.

Read more: Sale Of HM Property To Close Sept 26

MIS To Sell Kirkland HM Claim Royalty

Mistango River Resources Inc. (CNSX: MIS) (“Mistango”) announced today that it has entered into a royalty purchase agreement (the “Agreement”) with Premier Royalty Inc. (“Premier”), an arm’s length third party, to sell Mistango’s 2% net smelter return royalty (the “Royalty”) on Kirkland Lake Gold Inc.’s (“Kirkland”) HM Property (the “Property”), located in Kirkland Lake, Ontario. Pursuant to the Agreement, and subject to its terms and conditions, Mistango will sell the Royalty to Premier in consideration for a cash payment of $1,250,000 CDN and the issuance to Mistango of 100,000 common shares of Premier (the “Consideration Shares”), subject to applicable regulatory approval.

Conditions to closing include conditions typical for a transaction of this type, such as completion of legal due diligence and receipt of regulatory approvals, as well as a condition that registration of the Property in Kirkland’s name be confirmed. Additionally, in the event Premier is acquired by Sandstorm Gold Ltd. (“Sandstorm”) prior to closing of the sale of the Royalty, closing is conditional on Sandstorm agreeing to issue common shares of Sandstorm to Mistango in lieu of the Consideration Shares.

Mistango (formerly GLR Resources Inc.) acquired the Royalty in connection with the sale of the Property in 2009 to Queenston Mining Inc. and Kirkland Lake Gold Inc. Closing of the transaction is expected to occur on September 19, 2013.

Read more: MIS To Sell Kirkland HM Claim Royalty

Updated Resource Estimate On Omega Project

MISTANGO ANNOUNCES UPDATED RESOURCE ESTIMATE ON OMEGA PROJECT LARDER LAKE, ONTARIO

Mistango River Resources Inc., (CNSX, MIS) is announcing that it has received an updated inferred and indicated National Instrument 43-101 compliant Mineral Resource estimate on its 100% owned Omega Project from AMC Mining Consultants (Canada) Ltd. In the potential open pit area the inferred+indicated resource tonnes have been increased by 117% and contained ounces of gold by 34%. The global inferred+indicated resource tonnes have been increased by 92% and the global contained gold ounces by 24%.
A summary of the results of the estimated Mineral Resource at cut-offs of 0.5 g/t Au for mineralization above an elevation of 130 m above sea level (masl), representing open-pit potential and for a cut-off of 3 g/t Au below 130 masl, representing underground potential are shown in the Table below. Note that 130 masl approximately corresponds to 170 m vertical depth in areas proximal to main mineralization zones.

Summary of Mineral Resources as at 10 May 2013

Cutt Off Grade

Classification

Tonnes
(Mt)

AU
(g/t)

Contained
AU Ounces

0.5 g/t Au above 130 masl

Indicated

4.920

1.39

219,438

3 g/t Au below 130 masl

Indicated

0.003

3.19

370

Total
Indicated


219,808

0.5 g/t Au above 130 masl

Inferred

3.350

1.80

190,900

3 g/t Au below 130 masl

Inferred

1.340

4.00

174,500

Total
Inferred


365,400

 Note: A constant bulk density of 2.8 t/m3 has been used.

Read more: Updated Resource Estimate On Omega Project

MIS Announces Final Infill Drill Results at Omega

MISTANGO ANNOUNCES FINAL INFILL DRILLING RESULTS AT OMEGA

Mistango River Resources Inc. (MIS: CNSX) (GLRAF: OTC) wishes to announce results from the last eight infill definition drill holes completed in the potential open pit area of the Omega Gold Deposit. The current drilling is part of a recently completed and reported on fourteen drill hole program implemented by AMC Mining Consultants to upgrade the existing potential open pit resource from the inferred to the indicated category. Current potential pit inferred resources are estimated at 3.8 million tonnes, containing 306,100 ounces gold grading 2.5 g/t Au. Current global inferred resources stand at 5.0 million tonnes, containing 472,100 ounces gold grading 2.93 g/t Au.

Drilling Highlights

OM-13-110    1.72 g/t gold over 19 meters (including 1 meter of 10.75 g/t gold)

OM-13-112    1.46 g/t gold over 15 meters (including 1 meter of 3.68 g/t gold and 1 m of 3.4 d/t gold)

Omega Property composite table as of May 22, 2013

Read more: MIS Announces Final Infill Drill Results at Omega