Business
MacMillan Granted Five Additional Mexico Mining Concessions
(via Thenewswire.ca) TORONTO, CANADA - March 25, 2013 - Mr. George A. Brown, President of M...
About this update from Mustang Minerals Limited
[{"type":"text","content":"\nMacMillan Granted Five Additional Mexico Mining Concessions\n\n(via Thenewswire.ca)\n\n \nTORONTO, CANADA - March 25, 2013 - Mr. George A. Brown, President of MacMillan Minerals Inc., (TSX-V:MMX) is pleased to announce that the Company has received written notification of title numbers issued for each of the five concessions being sought by the Company. Applications for these five concessions were originally filed by the Company through the normal staking process. Due to competing applications filed by other interested parties on the same day as these claims became available for staking, the concessions became subject to the regulatory lottery process. These five concessions have been awarded to the Company as the winner of this lottery process.\n\n \n \nThe five concessions cover an area of 1,036 hectares in the state of Nayarit. Once the title documents have been received by the Company, these five concessions will be added to the existing thirteen concession Las Cucharas Project which will bring the size of this project to 4,679 hectares. The Las Cucharas Gold and Silver Project is situated in the northern part of Nayarit State in Mexico. Additional information regarding the Las Cucharas Project is available in a Technical Report dated February 27, 2012 by R.A. Lunceford, M.Sc. CPG, titled \"Geological Report and Summary of Field Examination, Las Cucharas Project\" as filed on SEDAR on March 29, 2012. The Las Cucharas Project covers a series of generally northwest trending vein structures which occur mainly within a six kilometre long by two kilometre wide mineralized corridor. \n\n \n \nThe Company has completed four diamond drill holes on the concessions covered by these five new grants. These core holes were collared to test vein and structural zones on the Nuevo Cucharas Target (holes NC-01 and NC-01A) and on the La Union targets (holes EC-01 and LU-01). \n\n \n \nNuevo Cucharas Target\n\n \n \nLa Union Targets\n\n \n \nThis area is located about 2.25 km north-northwest of the Nuevo Cucharas target. At the La Union target, a historical 70 metre cross-cut was driven to exploit a quartz vein along a 25 metre drift within a quartz stringer vein system which strikes west-northwest and dips 70 degrees southwest. Wall rocks exhibit strong brecciation with quartz veining and silicification and with moderate to strong iron oxid...