Kirkland Lake, Ontario–(Newsfile Corp. – March 29, 2018) – Mistango River Resources (CSE: MIS) (the “Company”) is pleased to report that the Company will drill test 7 anomalies from its newly acquired claim package in the Sackville/Aldina twps. Several identified targets derived from a IP survey and the recently completed work at its 100%-owned Sackville/Aldina 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 a 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 northeast to southeast 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: 8.8% Zn, 0.26% Cu, 1.70% Pb, 214 g/t Ag, 3.51 g/t Au. (Ni-43-101 Report on Sackville dated August 2010).
Current targets for drill testing are strataform VTEM / IP / Magnetic anomalies located approximately 5 kilometres to the northeast of the known debris field. Historic mapping and recent mechanical trenching efforts by the Company have identified intermediate to felsic rocks as well as quartz-eye rhyolite breccia in close proximity to priority drill target “Anomalies 7 and 3“. Quartz-eye rhyolite breccia is considered important as the mineral bearing boulder debris is of the similar composition.
To view the “Calvert” / “Boomer” boulders, one of which, the “Calvert”, currently sits on display at the Lakehead University Campus in Thunder Bay:
Ilian Iliev,M.Sc.P.Geo, is a Qualified Person as defined under National Instrument 43-101 standards and has supervised, reviewed the preparation and approved the technic al disclosure in the news release.
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 including, without limitation, statements relating to the certification of the registration of the assignment agreement by the Registry Office and the release of the Consideration from escrow. 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, the failure of the Registry office to certify the registration of the assignment agreement.
For further information please contact:
Robert J. Kasner, President & CEO
E-mail: [email protected]
Donald Kasner, Investor Relations
E-mail: [email protected]