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Mistango Resources Acquires Teck-Kirkland Property Adjacent to Kirkland Lake Gold's Macassa Mine
TORONTO, March 26, 2020 /CNW/ - Mistango River Resources Inc. (MIS:CSE, "Mistango" or the "Company") is pleased to announce that it has entered into a definitiv
About this update from Stardust Metal Corp.
[{"type":"text","content":" TORONTO, March 26, 2020 /CNW/ - Mistango River Resources Inc. (MIS:CSE, \"Mistango\" or the \"Company\") is pleased to announce that it has entered into a definitive agreement to acquire a 100% interest in the 2,105 hectare Teck-Kirkland Property from Hinterland Metals (\"Hinterland\"). The Teck-Kirkland property encompasses the western boundary of Kirkland Lake Gold (KL:TSE) and includes claims on the Amalgamated, Main, Cadillac and Kirana Faults. This expansion of Mistango's Eby-Baldwin brings the property to a total of 4,300 hectares making the Company one of the largest landowners in the Kirkland Lake camp. \"This acquisition establishes Mistango as a major land holder in Kirkland Lake, particularly along with western extension of the Amalgamated and Main breaks which hosts excellent geology but has seen substantially less exploration due to its fragmented ownership. This Teck-Kirkland acquisition gives us additional coverage along the intersections of the major breaks in the area including the Amalgamated, Main, Cadillac and Kirana faults. The focus of our exploration going forward will be where these major structures crosscut,\" said Stephen Stewart, Mistango's Director. About the Teck-Kirkland Property (now a part of the Eby-Baldwin Project) This acquisition nearly doubles the size Mistango's Eby-Baldwin land position to 4,300 hectares. This expanded land package is contiguous with Kirkland Lake Gold's Macassa Mine, one of the worlds highest grade gold mines, and gives Mistango one of the largest land positions in the Kirkland Lake district. The Teck-Kirkland property and includes 47 cell and boundary claims as well as 24 patents and mining licenses of occupation. Eby-Baldwin Project Eby-Baldwin is located contiguous with Kirkland Lake Gold's Macassa Mine and also adjacent to Agnico Eagle's Upper Beaver deposit property. Mistango's data compilation has identified great geological potential at Eby-Baldwin and highlighted numerous gold bearing structures, including the Main, Amalgamated and Kirana breaks converge with the Cadillac Larder Lake Break (\"CLLB\") on Eby-Baldwin. The confluence of these breaks provides for geological similarities to the Macassa mine. While the Main Break is considered the most important structure at the Macassa mine, the more recent discovery of the South Mine Complex is struct...