Business
Mistango River Resources Announces Closing of Goldie Expansion Project
Toronto, Ontario--(Newsfile Corp. - May 30, 2023) - Mistango River Resources Inc. (CSE: MIS) ("Mistango" or the "Company") is pleased to announce the closing of
About this update from Stardust Metal Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - May 30, 2023) - Mistango River Resources Inc. (CSE: MIS) (\"Mistango\" or the \"Company\") is pleased to announce the closing of its previously announced acquisition of the 100% owned Goldie Expansion Project (the \"Interest\"). The Project consists of 350 claim units covering over 7,447 hectares that extend the Goldie Project over a total of 89 square kilometres along the Shebandwan Greenstone Trend. The Goldie Expansion is contiguous to Mistango's existing Goldie Project and Delta Resources Limited's (TSXV: DLTA) Delta 1 Project and straddles the Trans-Canada Highway. Map of Goldie Project in Shebandowan Is Shebandowan the biggest Gold discovery of 2023?Learn about Delta 1 + Mistango’s Goldie project - YouTubeTap to unmuteIs Shebandowan the biggest Gold discovery of 2023?Learn about Delta 1 + Mistango’s Goldie projectThe Ore GroupThe Ore Group1.74K subscribersWatch on About the Goldie Project Goldie is within the Shebandowan Greenstone Belt, which also hosts Goldshore Resources Inc.'s (TSXV: GSHR) low-grade, high-tonnage Moss Lake gold deposit, 50 km to the west. Goldie is also adjacent to Delta Resources Limited (TSXV: DLTA) Delta 1 Gold Property. The Goldie claims are located on the southern contact of the Timiskaming type Shebandowan Assemblage with the metavolcanics (felsic to ultrabasic) of the older Greenwater assemblage. The local geology consists of intercalated marine sediments (greywackes, arenites, and shales) cut by trachyte to trachyandesite low level dikes or sills. Previous exploration programs have referred to the trachytes as syenites. Gold mineralization is usually found in the volcanics associated with silicification, quartz veins or stringers and cubic pyrites. Associate alteration minerals are chlorite and ankerite as indicated by previous work. The Company acquired the interest in the Goldie Expansion Project pursuant to a mining property acquisition agreement dated May 1st, 2023 (the \"Purchase Agreement\") between the Company and arms length vendors (the \"Vendors\"). As consideration for the interest in the Goldie Expansion Project, the Company issued 3,000,000 common shares (the \"Consideration shares\") and 1,500,000 warrants (the \"Consideration Warrants\") with an exercise price of $0.10 for a period of two years. The Company also paid a $50,000 dollar ca...