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Mustang Completes Drilling and Commences Scoping Study
Mustang Completes Drilling and Commences Scoping Study   Toronto, Ontario CANADA, ...
About this update from Grid Metals Corp.
[{"type":"text","content":"\nMustang Completes Drilling and Commences Scoping Study\n\nMustang Completes Drilling and Commences Scoping Study  \nToronto, Ontario CANADA, April 25, 2013 /FSC/ - Mustang Minerals Corp.  (MUM - TSX Venture), (\"Mustang\" or the \"Company\") today announced  an update to its exploration and project development activities at its Mayville and Makwa properties located  in southeastern Manitoba. The Company has completed a first phase drill program testing the eastern strike extension of the Mayville Cu-Ni deposit and has initiated work on a Preliminary Economic Assessment (\"Scoping Study\") to assess the co-development of Makwa and Mayville deposits.  \nRPA Inc. Commences Work on Makwa Mayville Project Study \nThe Company has retained RPA Inc. to commence work on a Scoping Study for the Makwa Mayville Project.  Analysis will be focused on co-development of the Makwa and Mayville Deposits which are located 35 km apart by road in the highly prospective Bird River Greenstone Belt.  The initial phase of work will examine a conceptual development plan, preliminary production schedules and cost estimation for the project.  Following completion of positive results from the first phase of work, RPA will proceed with preparation of a Scoping Study that will meet the requirements of National Instrument 43-101.   \nDrilling and Exploration Program \nMustang has recently completed approximately 3,000 meters of diamond drilling as part of its 2013 winter drill program. Primary objectives of the program were to test the potential of the eastern extension of the Mayville Deposit along with several previously untested geophysical targets in the project area.  Samples from drill holes have been submitted to Accurassay Laboratories in Thunder Bay for analysis.  Assay results are pending. \nThe Company plans further follow up exploration within its project holdings in the Mayville area over the course of the spring and summer 2013.  Key elements of the program include: \n 1)  Completion of a helicopter-borne geophysical survey over significant parts of its claim holdings in the Mayville area.   \n2)  Follow up field mapping and sampling at Mayville in several prospective areas outlined in 2012 recon ...