Mistango River Resources

Published : May 22nd, 2013

Announces Final Infill Drill Results at Omega

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Keywords :   Canada | Gold | Gold Mines |

 

Kirkland Lake, Ontario ?May 22, 2013 Mistango River Resources Inc. is forwarding a copy of the attached  news release to those shareholders and interested parties registered on our internal email mailing list. If you wish to unsubscribe to our mailing list please click on this link

 

                           MISTANGO ANNOUNCES FINAL INFILL DRILL RESULTS AT OMEGA   

                       

Kirkland Lake, Ontario May 22, 2013: 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

Hole #

Section

 

From

To

Interval

Au g/t

Zone

Remarks

OM-13-110

565W

 

181.0

182.0

1.0

1.97

17

Open Pit

 

 

and

208.0

227.0

19..0

1.72

17

Open Pit

 

 

including

208.0

209.0

1.0

4.82

17

Open Pit

 

 

including

224.0

225.0

1.0

10..75

17

Open Pit

 

 

and

230.0

231.0

1.0

1.28

17

Open Pit

 

 

and

254.0

255.0

1.0

1.035

17

Open Pit

 

 

and

285.0

294.0

9.0

0.988

17

Down Dip

 

 

and

309.0

328.0

19..0

1.165

17

Down Dip

 

 

including

312.0

313.0

1.0

2.83

17

Down Dip

 

 

including

314.0

315.0

1.0

3.22

17

Down Dip

 

 

and

333.0

334.0

1.0

1.19

17

Down Dip

 

 

and

337.0

338.0

1.0

1.53

17

Down Dip

OM-13-111

615W

 

133.0

135.0

2.0

1.593

17

Open Pit

 

 

and

141.0

145.0

4.0

0.814

17

Open Pit

 

 

and

160.0

164.0

4.0

2.15

17

Open Pit

 

 

including

162.0

163.0

1.0

4.52

17

Open Pit

 

 

and

175.0

176.0

1.0

1.28

17

Open Pit

 

 

and

181.0

185.0

4.0

0.732

17

Open Pit

 

 

and

277.0

279.5

2.5

2.618

17

Down Dip; Stope void 279.5-279.7=0.2 m

 

 

including

279.0

279.5

0.5

5.0

17

Down Dip

 

 

and

279.7

282.0

2.3

2.033

17

Down Dip

 

 

 

284.0

286.0

2.0

1.382

17

Down Dip

 

 

 

304.0

305.0

1.0

2.930

17

Down Dip

OM-13-112

665W

 

95..0

110.0

15..0

1.461

21

Open Pit

 

 

including

106.0

107.0

1.0

3.68

21

Open Pit

 

 

including

109.0

110.0

1.0

3.4

21

Open Pit

 

 

and

124.0

127.0

3.0

1.22

14

Open Pit

 

 

and

158.0

159.0

1.0

1.055

14

Open Pit

 

 

and

163.0

166.0

3.0

1.164

14

Open Pit

 

 

and

278.0

282.0

4.0

1.620

2

Down Dip

 

 

including

279.0

280.0

1.0

4.210

2

Down Dip

OM-13-113

665W

 

117.0

120.9

3.9

2.178

1

Open Pit; Stope void 120.9-122.5m

 

 

and

138.0

148.9

10..9

1.313

2

Open Pit; Stope void 148.9-153=4.1m

 

 

including

148.0

148.9

0.9

3.1

2

Open Pit

OM-13-114

715W

 

106.0

109.0

3.0

0.958

1

Open Pit

 

 

including

106.0

107.0

1.0

1.695

1

Open Pit

 

 

and

118.0

124.0

6.0

2.28

2

Open Pit

 

 

including

119.0

120.0

1.0

3.2

2

Open Pit

 

 

Including

122.0

123.0

1.0

7.34

2

Open Pit

 

 

and

145.0

146.0

1.0

2.77

2

Open Pit

OM-13-115

765W

 

62..0

63..0

1.0

0.95

1

Open Pit

 

 

and

69..0

72..9

3.9

0.965

1

Open Pit; DDH lost in stope  void

OM-13-116

810W

 

60.0

61.0

1.0

7.42

21

Open Pit

 

 

and

64..0

67..0

3.0

1.105

21

Open Pit

 

 

and

129.0

146.0

17..0

0.744

1-2

Open Pit

 

 

including

139.0

142.0

3.0

1.403

1-2

Open Pit

 

 

Including

144.0

145.0

1.0

1.795

1-2

Open Pit

OM-13-117

865W

 

65..0

66..0

1.0

1.355

1-2

Open Pit

 

 

and

84..0

89..0

5.0

1.21

1-2

Open Pit

 

 

including

86..0

87..0

1.0

2.58

1-2

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 meters to feet multiply by 3.2808). NSV: no significant values,

       VG: visible gold

 

Robert J. Kasner,  President and CEO, commented: ?We are pleased to have completed this drilling program and look forward to receiving an upgraded  resource estimate from AMC Mining Consultants in the near future.?

 

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 for the Omega Property and has approved the technical information in this news release.

 

About Mistango. 

Mistango River Resources is a Canadian based company engaged in the exploration and development of gold and VMS-type base metal deposits, having mineral properties located in Quebec and Ontario. The ?Omega Property? is located on the famous Larder Lake-Cadillac Break that hosts numerous current and past producing gold mines, including the historical 11 million ounce Kerr-Addison Mine located approximately 6 km to the East and Osisko Mining Corporation?s ?Upper Beaver Project?, slated for production  located approximately 8 km to the west. For additional information about Mistango and its properties, please visit our website at: www.mistangoriverresources..ca

 

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.

 

For further information please contact:

 

Robert J. Kasner, President & CEO                                                           Donald Kasner, Investor Relations
Telephone: 705-568-7540                                                                             Telephone:  705-570-1019                           
E-mail: bobkasner@yahoo.com                                                                 E-mail: drkkasner@yahoo.ca     

 

 

 

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Mistango River Resources

DEVELOPMENT STAGE
CODE : MIS.V
CUSIP : 37988P102
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Mistango Rivre is a gold and cobalt development stage company based in Canada.

Mistango Rivre holds various exploration projects in Canada.

Its main asset in development is GOLDFIELDS - BOX DEPOSIT in Canada and its main exploration properties are BOX, OMEGA ONTARIO and KIRKLAND WEST in Canada.

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Corporate Presentations of Mistango River Resources
10/23/2007MPartners Starts Coverage of GLR target Price $1.25 per shar...
In the News and Medias of Mistango River Resources
8/16/2007New Gold zone discovered on GLR's Goldie property in Ontario
Annual reports of Mistango River Resources
Annual Report 2007
Financings of Mistango River Resources
6/1/2012Announces Private Placement Financing with Queenston Mining
10/14/2011Closes Non-Brokered Private Placement of Units
10/5/2011Announces Private Placement Financing
7/4/2011Completes Private Placement with Queenston
1/30/2008Announces Private Placement Offering
11/27/2007GLR Resources Completes Flow Through Financing
9/7/2007Completes Non-Brokered Financing
5/15/2007Termination of Private Placement
Nominations of Mistango River Resources
1/19/2012Appoints new VP
12/14/2007Appoints New Chief Financial Officer
2/23/2007Appoints Investor Relations
Project news of Mistango River Resources
5/22/2013Announces Final Infill Drill Results at Omega
1/9/2013Resumes Drilling on their 100% owned Omega Property
6/26/2012Resumes Drilling at Omega MIne Project
4/30/2012Drills 95m of 0.946 g/t Gold at Omega; Company Adds Market L...
1/23/2012Amended Press Release for Mistango River Resources as attach...
1/23/2012Drills 24 Metres of 2.66 g/t Gold in Open Pit Area
1/5/2012Releases more Drill Results and Provides Outlook for 2012
10/25/2011Drill Hole OM-11-19 Intersects Three Gold Zones
6/1/2011(Omega Ontario)Mistango River Resources Drilling Begins on Omega Property
5/26/2009(Goldfields - Box Deposit)GLR Sells Goldfields Mine Assets
3/6/2008(Box)Goldfields E.I.S. Public Review Set to Begin
1/21/2008Makes Significant Progress at its Goldfields Project
1/9/2008(Goldie) Intersects .261 oz gold/ton over 6.6 ft at Goldie Property
12/3/2007(Goldfields - Box Deposit) Updates Drilling Progress at Box Deposit
10/25/2007(Goldfields - Box Deposit) Orders Milling Plant for Goldfields
8/21/2007(Goldfields - Box Deposit)Drilling Resumes on the Goldfields Project
6/25/2007(Athona)Clarifies Recent Details of Recent Final Feasibility Study f...
6/19/2007to Clarify News Release Regarding the Feasibility Study
6/13/2007Completes Final Feasibility Study for Goldfields Project
5/15/2007Goldfields Feasibility Study Update
Corporate news of Mistango River Resources
9/30/2013Receives HM Claim Royalty Consideration
9/4/2013Enters into agreement to sell HM Claim Royalty
7/10/2013d Resource Estimate on Omega Project Larder Lake, Ontario
3/21/2013Completes Infill Drilling Program Aimed at Upgrading Existin...
9/20/2012Signs a Memorandum of Understanding
8/22/2012Reports Further Results at Omega's Open Pit Area
7/12/2012Reports 99% Overall Gold Recoveries from Tests at Omega
3/2/2012Drills 12 Metres of 2.687 g/t Gold at Omega Project
3/1/2012News Release
2/9/2012VP Leaves
12/14/2011Reports on Properties
9/13/2011Resouces Inc. Reports Best Deep Hole Yet
8/3/2011Announces Excellent Results From First Deep Hole
7/7/2011Amends number of Hectares from July 6 Press Release
6/28/2011Adds Drill to Omega Program
3/24/2010Provides Update
11/19/2009Provides Update
10/1/2009Letter to GLR Resources’ Shareholders
8/21/2009Sells Goldfield Assets
8/4/2009Creditors Approve Proposal
7/7/2009– Santa Fe Action Dismissed
6/24/2009Court Order Results in Delay of Sale of Goldfields Assets
6/5/2009Filings Pursuant to the Bankruptcy and Insolvency Act
5/28/2009Responds to Santa Fe Action
1/8/2009Submits Application to List on CNSX
7/9/2008Grandich Letter Updates GLR Resources
7/9/2008M Partners Recommends Buying GLR Resources at Current Prices
5/30/2008Receives Ministerial Approval to Develop the Goldfields Proj...
4/23/2008Goldfields E.I.S. Public Review Now Complete
1/22/2008 Box Deposit Continues to Produce Excellent Drill Results
11/1/2007 Completes $2,000,000 Financing
9/25/2007To Begin Second Phase of Drilling at Goldie Property
9/5/2007Update Regarding Bank Loan
8/9/2007Inc. Announces New Addition to Board of Directors
8/1/2007Information To Be Available Through S&P Market Access Progra...
6/14/2007Drilling Commences on Goldie Property
4/13/2007Goldfields Feasibility and Exploration Update
2/28/2007Goldfields Resource 976,000 Ounces Gold
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