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Mustang Confirms and Expands Large IP Geophysical Anomaly at the Pilot Cu-Au Project, Provides Update on General Exploration Activities in Nevada, USA
VANCOUVER, British Columbia, March 26, 2026 (GLOBE NEWSWIRE) -- Mustang Minerals Limited ("Mustan...
About this update from Mustang Minerals Limited
[{"type":"text","content":"Mustang Confirms and Expands Large IP Geophysical Anomaly at the Pilot Cu-Au Project, Provides Update on General Exploration Activities in Nevada, USA\nVANCOUVER, British Columbia, March 26, 2026 (GLOBE NEWSWIRE) -- Mustang Minerals Limited (\"Mustang\" or the \"Company\") (TSX-V: MMX; OTCQB: MMXLF) is pleased to announce that following TSXV approval of its option to acquire a 60% interest in three copper and gold exploration properties in Nevada (see Mustang news release of May 1 and October 3, 2025), exploration and logistical activities began on the projects in late 2025. A 2026 work program began with the surveying of induced polarization (“IP”) geophysical lines at the Pilot project. Details are provided below. Highlights Geophysical field work has been carried out on the Pilot Project in Nevada;The survey has identified a large 1.25 by up to 2.2 km chargeability high feature that remains open;The anomaly is associated with, and surrounds a magnetic high and a broad zone of elevated Au-Cu-Bi-Mo in soils;Further soil sampling has recently been completed and additional IP geophysical survey lines are planned. J Duane Poliquin, Chairman of Mustang commented, “Exploration geophysical surveys at the Pilot Project highlight the scale of this large hydrothermal alteration system prospective for copper-gold mineralisation. We are excited for the next steps and to be now actively exploring our new Nevada copper and gold project portfolio.” The Company’s USA exploration properties are located in central Nevada and are considered prospective for copper-gold porphyry and high sulphidation gold-silver-copper style mineralisation. The Red Ring and Confusion Hills Projects have preserved high sulphidation style alteration on surface with potential for associated gold mineralization, while the Pilot Project is being explored for copper-gold mineralisation beneath pyrophyllite-sericite alteration mapped at surface. In late 2025 Mustang extended previous IP geophysical lines surveyed by Almadex at the Pilot and Red Ring Projects. In addition, logistical preparations were undertaken at Confusion Hills for a potential 2026 drill program. Recent work completed on the Pilot Project included additional surface geophysical induced polarization “IP” surveying. The first line in this survey identified...