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Mistango River Resources Presents its Gold Mineralization Model for the Kirkland Lake District
TORONTO, June 3, 2020 /CNW/ - Mistango River Resources Inc. ("Mistango" or the "Company") (MIS:CSE) is pleased to announce that it has compiled and analyzed his
About this update from Stardust Metal Corp.
[{"type":"text","content":" TORONTO, June 3, 2020 /CNW/ - Mistango River Resources Inc. (\"Mistango\" or the \"Company\") (MIS:CSE) is pleased to announce that it has compiled and analyzed historical geological and geophysical data the Company was able to acquire on its 4,300-hectare Eby-Baldwin project, as well as for the Kirkland Lake District (\"KLD\"). This geological model considers Eby-Baldwin in the context of the broader KLD, including the adjacent Macassa Mine owned by Kirkland Lake Gold (KL:TSX) and how the two projects relate. This exploration model will be integrated into Mistango's exploration program on the Eby-Baldwin project which began on June 2, 2020. Magnetic Image Depicting Eby-Baldwin and Macassa's Related Fault System The objective of having a regional exploration thesis is to better understand the relationship between the host rocks, their deformational history, including the fluid system and timing of gold mineralization, and the gold deposition relative to neighbouring high-grade deposits like the Macassa. Historically, the Eby-Baldwin property has seen varied levels of exploration since the 1920's, including surface prospecting, shallow shaft excavations and in later years, diamond drilling and ground geophysics. As a result, significant targets were delineated including the Baldwin Mine, which was mined very briefly in the 1920's at high grades comparable to that of the South Mine Complex (production of 43 ounces from 81 tons milled for a recovered grade of 0.53 opt Au or 18.6 g/t; MCD018). The Baldwin Mine also hosts a historical resource of 4,600 tonnes grading 21.9 gpt gold. It is important to note that Eby-Baldwin has not seen modern exploration, especially at depth where it is possible high-grade mineralization exists as an extension of the deposits around the town of Kirkland Lake. Please refer to the note regarding historical mineral resource estimates at the end of this news release. Gold Mineralization in a Regional Context of Kirkland Lake The KLD is well endowed with nearly 42 million ounces of gold produced historically and future production from the Macassa Mine is scheduled to ramp up to over 400,000 ounces per year in 2021. The abundance of gold mineralization in this region is attributable to regional geological deformation. However, the lack of understanding of the relationship between this deformation, reg...