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Mustang Minerals Corp

Published : November 19th, 2009

and Sagkeeng First Nation Conclude Memorandum of Understanding for Manitoba Nickel

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Keywords :   Copper | Lithium | Nickel |

 
 
Mustang Minerals Corp.
TSX VENTURE: MUM
FRANKFURT: NJF
Other Recent News

November 19, 2009
Mustang and Sagkeeng First Nation Conclude Memorandum of Understanding for Manitoba Nickel Projects
TORONTO, ONTARIO--(Marketwire - Nov. 19, 2009) - The Board of Directors of Mustang Minerals Corp., (TSX VENTURE:MUM)(FRANKFURT:NJF)("Mustang") today announced that Mustang and the Manitoba based Sagkeeng First Nation had concluded and signed an Agreement, in the form of a Memorandum of Understanding (MOU) dated November 18, 2009. The Agreement is modeled on the Memorandum of Understanding between the Mining Association of Manitoba and the Manitoba Keewatinowi Okimakanak, Inc., a Manitoba First Nation organization.

The Agreement is the first step in the process of engagement between Mustang and the Sagkeeng to promote greater participation in the mineral industry by the Sagkeeng First Nation as well as greater understanding and co-operation between the Sagkeeng First Nation and Mustang Minerals Corp. - a mineral exploration and development Company focused on responsible and sustainable mineral development. The Memorandum of Understanding is intended to enhance and support the recognition and an enhanced mutual understanding of constitutionally established aboriginal and treaty rights and economic development processes and opportunities within the current regulatory framework for both parties.

Mustang's most advanced project is the Maskwa Nickel project for which a prefeasibility study was completed in May 2008. Since that time Mustang has continued exploration and project development activities at the project. An updated resource estimate was announced October 26, 2009 for the project. Mustang will henceforth call the project the "Makwa" Nickel Project to reflect the Ojibway pronunciation for the word "bear".

Mustang's other exploration interests in southeast Manitoba which are within the Sagkeeng FN traditional land area are the Mayville copper-nickel project and the Irgon lithium-rare earths project.

Ian Ward P.Eng. is the Qualified Person for Mustang Minerals for this release under National Instrument 43-101.

To find out more about Mustang Minerals Corp. (TSX-V: MUM) visit our website at www.mustangminerals.com.

We seek safe harbour.

This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements may include the Company's plans for its mineral projects in Manitoba, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risk, uncertainty of production and capital costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of nickel and other metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Management Discussion and Analysis for the most recent financial period and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.

Shares Outstanding: 81,228,239


The TSX Venture Exchange has not reviewed and does not accept responsibility for the contents of this press release.

CONTACT INFORMATION:

Mustang Minerals Corp.
David Black
Investor Relations
416-955-4773
info@mustangminerals.com

INDUSTRY: Manufacturing and Production - Mining and Metals


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Mustang Minerals Corp
DEVELOPMENT STAGE
CODE : MUM.V
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Mustang is a nickel and copper exploration company based in Canada.

Mustang develops nickel, copper, cobalt, palladium and platinum in Canada, and holds various exploration projects in Canada.

Its main asset in development is MAKWA in Canada and its main exploration properties are RIVER VALLEY PGM, EAST BULL LAKE, TILLICUM CLAIMS, RIVER VALLEY PGM and MAYVILLE in Canada.
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Financings of Mustang Minerals Corp
1/24/2013Announces Completion of Additional Financing and 2013 Strate...
1/23/2012Completes Financing With Western Areas 7500m Drill Program U...
1/6/2012Completes Flow Through Financing
1/11/2010Completes Private Placement
12/8/2009Increases Private Placement Financing and Closes First Tranc...
11/6/2009Announces Non-Brokered Private Placement
Project news of Mustang Minerals Corp
2/20/2013(Mayville)Announces Increase to Mayville Resource
11/7/2012(Mayville)Provides Update on Mayville Drilling
9/12/2012(Mayville)Drilling at Mayville Property
6/14/2012(Mayville)Intersects Higher Grade Zone of Copper-Nickel-PGM Mineraliza...
5/17/2012(Mayville)Drilling Update-Mayville Project
6/2/2011(Mayville)Drill Program Resumes at Mayville Property
5/5/2011Drills 9=2E1 Meters of 3=2E9 g/t Platinum-Palladium Strike L...
4/6/2011(Mayville)Completes Additional Holes at New PGM Zone
3/23/2011MUSTANG MINERALS ANNOUNCES NEW PLATINUM AND PALLADIUM DISCOV...
3/22/2011Announces New Platinum and Palladium Discovery in Manitoba
12/1/2010(Mayville)s Exploration at Mayville/Tanco Properties
7/13/2010(Mayville)Exploration Deal With Tantalum Mining Corporation of Canada
3/22/2010(Makwa)Updates Project Economics at Makwa Nickel Project
2/17/2010(Makwa)Makwa Nickel Project Update
9/1/2009(Makwa)Advances its Maskwa Nickel Project
6/22/2009(East Bull Lake)Western Areas-Mustang JV Commences Drilling at East Bull Lak...
3/2/2009(Makwa)Completing Drilling at Manitoba Nickel Project
1/22/2009(Makwa)Provides Update on Maskwa Nickel Project Feasibility Study
12/1/2008(Makwa)Provides Update at Maskwa Nickel Project Feasibility Study
9/12/2008(East Bull Lake)and Western Areas Sign Agreement for Joint Venture at East B...
7/3/2008(East Bull Lake)New PGM+Ni+Cu Mineralization Drilled at East Bull Lake, Onta...
6/26/2008(Makwa)Mustang Tables Positive Prefeasibility for Maskwa Nickel Pro...
5/12/2008(East Bull Lake Pgm)Drilling at East Bull
5/9/2008(Makwa) Reports Positive Results From Prefeasibility Study at Maskw...
4/23/2008(Makwa)Tests Chromite Horizon at Maskwa Property
3/3/2008(Makwa)Drill Update at Maskwa North and Maskwa West
Corporate news of Mustang Minerals Corp
10/20/2015Board Resignation
12/10/2012(Mayville)Extends Mayville Cu-Ni Deposit Mineralization to the East
7/17/2012(Mayville)Drilling Extends Copper Nickel Mineralization to Depth at Ma...
3/5/2012Provides Exploration Update Continuesto Intersect PGM Minera...
12/1/2011(Mayville)Announces Mayville Exploration-Financing
9/9/2011: Corporate Update
3/3/2011(Mayville)Drills New Surface Zone of CopperNickel Mineralization at th...
4/15/2010Expands Resources in Project Area
11/19/2009and Sagkeeng First Nation Conclude Memorandum of Understandi...
9/18/2009AGM, September 22
10/1/2008Visit Our Booth This Weekend
8/5/2008Builds Project Development Team
7/17/2008 Closing of Oversubscribed, Increased Financing
7/16/2008Announces Increase to Brokered Financing
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TSX-V (MUM.V)Other OTC (MSMGF)
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TSX-V
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Develops Cobalt - Copper - Nickel - Palladium - Platinum
Explores for Cobalt - Copper - Gold - Nickel - Palladium - Platinum - Rhodium
 
 
 
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