Press Releases 2012

MIS Completes Infill Drilling - Existing Resource

MISTANGO COMPLETES INFILL DRILLING PROGRAM AIMED AT UPGRADING EXISTING RESOURCE

Kirkland Lake, Mistango River Resources Inc. (MIS : CNSX) (GLRAF : OTC) today announced the latest results of the last two deep down plunge extension holes drilled on the Omega Deposit and five infill holes in the potential open pit area. The five infill holes are part of the already completed ( pending partial assays) 14 DDH, planned by AMC Mining Consultants in order to upgrade the existing potential open pit resource of 3.8 million tonnes, containing 306,100 Oz Au at 2.5 g/t Au, into the indicated category. The total inferred resource of the potential open pit and the down dip extension below contains 5 million tonnes, totaling 472,100 ounces of gold.

Drilling Highlights

  • OM-13-107 3.495 g/t gold over 32 metres (including 2 metres of 17.225 g/t gold)
  • OM-13-109 1.763 g/t gold over 57 metres (including 19 metres of 2.656 g/t gold and 5 m of 3.522 g/t gold)

Hole #

Section

From (m)

To (m)

Interval (m)

Au (g/t)

Zone

Remarks

 
OM-13-102 600W 712.0 713.0 1.00 1.020 14 Down Plunge Extension Below OpenPit
and 718.0 720.0 2.00 2.018 14 Down Plunge Extension Below OpenPit
and 901.0 905.0 4.00 2.128 1-2 Down Plunge Extension Below OpenPit
and 933.0 947.0 14.00 0.916 1-2 Down Plunge Extension Below OpenPit

including

941.0 942.0 1.00 3.120 1-2 Down Plunge Extension Below OpenPit

including

941.0 943.0 2.00 2.205 1-2 Down Plunge Extension Below OpenPit
OM-13-103A 800W 505.0 506.0 1.00 1.400 21 Down Plunge Extension Below OpenPit

and

514.0 523.0 9.00 1.260 21 Down Plunge Extension Below OpenPit

including

516.0 517.0 1.00 2.180 21 Down Plunge Extension Below OpenPit

including

521.0 523.0 2.00 2.265 21 Down Plunge Extension Below OpenPit

and

953.0 961.0 8.00 0.907 1-2 Down Plunge Extension Below OpenPit

including

960.0 961.0 1.00 2.630 1-2 Down Plunge Extension Below OpenPit
OM-13-104 300W 60.0 61.0 1.00 1.260 21 Open Pit

and

63.0 64.0 1.00 1.415 21 Open Pit

and

93.0 97.0 4.00 1.401 17 Open Pit
OM-13-105 350W 24.0 25.0 1.00 3.240 21 Open Pit

and

72.0 75.0 3.00 5.983 17 Open Pit

including

73.0 74.0 1.00 >10.000 17 Open Pit

and

86.0 87.0 1.00 1.190 17 Open Pit

and

112.0 114.0 2.00 9.675 17 Open Pit

and

122.0 123.0 1.00 1.850 17 Open Pit
OM-13-106

450W

10.0 11.0 1.00 1.015 21 Open Pit

and

39.0 40.0 1.00 1.710 14 Open Pit

and

43.0 44.0 1.00 1.800 14 Open Pit

and

131.0 135.0 4.00 1.035 17 Open Pit

and

139.0 145.0 6.00 2.072 17 Open Pit

including

144.0 145.0 1.00 6.630 17 Open Pit

and

151.0 154.0 3.00 4.627 17 Open Pit

including

152.0 153.0 1.00 9.050 17 Open Pit
OM-13-107

415W

110.0 142.0 32.00 3.495 17 Open Pit

including

113.0 115.0 2.00 17.225 17 Open Pit

including

140.5 142.0 1.50 21.393 17 Open Pit; stope voids: 138.8-140.5=1.7m

and

151.0 151.9 0.90 3.020 17 Open Pit; stope voids: 151.9-157.9=6.0m
OM-13-108

415W

59.0 61.0 2.00 1.730 14 Open Pit

and

86.0 87.00 1.00 1.210 14 Open Pit

and

94.0 100.0 6.00 0.889 17 Open Pit

and

173.0 178.0 5.00 0.967 17 Open Pit

and

182.0 185.0 3.00 1.029 17 Open Pit
OM-13-109

470W

141.0 198.0 57.00 1.763 14-17 Open Pit

including

161.0 180.0 19.00 2.656 14-17 Open Pit

including

175.0 180.0 5.00 3.522 17 Open Pit


*previously reported: all holes are uncut and over core length; core length is estimated 50-90% of true width; 1 g/t Au multiplied by 0.0291666 equals troy ounces per short ton (to convert from metres to feet multiply by 3.2808). NSV: no significant values. VG: visible gold

Robert J. Kasner President and CEO, commented, “We are pleased to announce that a new drill rig has been able to penetrate through various drifts and stopes and recover core, where previous attempts have failed. It is believed that this new drilling should increase the size of the resource and upgrade the existing inferred resource into indicated in the potential open pit area”.

QA/QC was followed in sampling the core. The core is sawed in half for sampling. Standards, blanks and duplicates were inserted into the stream of core samples every 20 metres. The core was assayed at ALS Minerals Canada LTD in Sudbury, ON using 30 gram samples. The core samples were analyzed using the fire assay method and AA finish for results up to 10 g/t Au. For samples containing more than 10 g/t Au gravimetric finish was used. Fred Sharpley, P.Geo is the Qualified Person defined by NI 43-101 and has reviewed and approved the technical information presented in this news release for the Omega Property.

About Mistango River Resources Inc.

Mistango River Resources is a Canadian based exploration and development company holding several properties in Ontario and Quebec, including a large land holding in the Kirkland Lake region. Mistango specializes in precious metals and VMS hosted base metals, with recent projects centered on the Omega and Sackville properties in Ontario. Mistango brings a distinguished board and technical staff with expertise and many years in mineral exploration and mining fields.

This news release contains certain “forward-looking information”. All statements, other than statements of historical fact that address activities, events or developments that Mistango believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of Mistango based on information currently available to Mistango. Forward-looking statements are subject to a number of significant risks and uncertainties and other factors that may cause the actual results of Mistango to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Mistango. Factors that would cause actual results or events to differ materially from current expectations include, but are not limited to, Mistango’s decision to cancel its exploration program on its Omega gold property.

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.