Business
Mistango River Resources Announces Omega Property New Exploration Program Aimed at Updating an Existing Indicated and Inferred Resource
Kirkland Lake, Ontario--(Newsfile Corp. - June 26, 2019) - Mistango River Resources Inc. (CSE: MIS) "Mistango") is pleased to announce that it will be commencin
About this update from Stardust Metal Corp.
[{"type":"text","content":" Kirkland Lake, Ontario--(Newsfile Corp. - June 26, 2019) - Mistango River Resources Inc. (CSE: MIS) \"Mistango\") is pleased to announce that it will be commencing an exploration program on its 100% wholly owned Omega Property for the purpose of updating its resource estimate. With the recent investment from Harbour Royalty Corp., Mistango is planning to drill 3800 meters of the recommended drilling program as outlined in AMC Consultants' NI 43-101 report, which was issued in 2013. The objective of the drilling program is to expand the resources identified in the NI 43-101 report completed in 2013. The Omega remains open at depth on its southern horizon of the property and Mistango plans to raise more funds to further explore these opportunities. Summary of Mineral Resources as at 10 May 2013 Cut-off grade Classification Tonnes (Mt) Au (g/t) Contained Au ounces 0.5 g/t Au above 130 masl Indicated 4.92 1.39 219,438 3 g/t Au above 130 masl Indicated 0.003 3.19 370 Total Indicated 219,808 0.5 g/t Au above 130 masl Inferred 3.35 1.8 190,900 3 g/t Au above 130 masl Inferred 1.34 4.0 174,500 Total Inferred 365,400 Donald Kasner, Mistango's Chief Operating Officer, said: \"We are excited to restart exploration of the Omega Project. We are confident in the future of Mistango and its shareholders. The junior exploration industry market conditions have been and continue to be difficult to raise funds for projects. However, with the revived interest in the Larder break, and especially the Omega Property being the central focus of the Larder break, we believe this asset will bring significant value to Mistango and its shareholders.\" Mistango has applied for a drilling permit for its Omega Property. In anticipation of receiving the drilling permit, we have commenced preparing the site to accommodate starting the exploration program very shortly after the permit is issued. Mistango has already secured the services of a drilling contractor who is on standby pending issuance of the permit. The Omega Property has excellent infrastructure with a major highway, rail and high voltage power line all on site. The Omega is located just 3 km east of Larder Lake, Ontario. Mistango`s tailings are also being tested for th...