TORONTO, Oct. 4, 2022
/CNW/ - Mistango River Resources Inc. ("Mistango" or the "Company")
(CSE: MIS) is pleased to announce that it will begin a 5,000-metre
drilling program on its Ledden Copper-Gold Project ("Ledden") in
the Chibougamau District of
Quebec. Ledden is also adjacent
along the southeast boundary of QC Copper and Gold's (TSXV: QCCU)
Opemiska Project.
The drill and crew began mobilizing to the site on the week of
October 10, 2022. Phase One's
drilling will focus on the northeast trending magnetic anomalies
and test for near surface bulk tonnage copper-gold
mineralization.
Click here to view a map and the geophysical
target trend on Ledden
Chibougamau: An emerging bulk tonnage
copper-gold District
The historical results and success of the QC Copper and Gold
exploration over the last three years at Opemiska have served as a
guide for exploration below known showings and copper-gold deposits
in the Chibougamau District of
Quebec. Opemiska has a resource of
1.58Bn CuEq lbs @ 0.88% CuEq in M&I category & 345.8M CuEq lbs @ 0.73% CuEq Inferred One of the
most prolific copper gold mining camps lies immediately west of the
Ledden Project. The magnetic anomaly of interest on Ledden extends
for over 2.5 kilometres but has only been tested over a
700m strike length. The Company will
test this large, mineralized structure near the surface with little
historical drilling.
Highlights of the Ledden
Project
The magnetic anomaly of interest on Ledden extends for over 2.5
kilometers but has only been tested over a 700m strike length. Drilling in 2017 intersected
up to 0.25% copper over 40.1 metres. Several northeast trending
magnetic anomalies have been outlined by detailed airborne
magnetics, and a drill hole in 2017 intersected 0.82 grams per
tonne of gold over 8.21 metres over a parallel but weaker magnetic
anomaly. There is no outcrop and structures are currently
interpreted to be vertical, and as such, the true widths of
mineralized intersections are assumed to be about 70 to 80% of core
lengths. However, more work is required to establish the dips of
the mineralized zones properly.
QP Statement
The technical information in this news release has been reviewed
and approved by Jared Beebe, P.Geo.,
a Qualified Person as defined in "National Instrument 43-101 –
Standards of Disclosure for Mineral Projects."
About Mistango River Resources
Inc.
Mistango is a Canadian-based exploration and development company
focused on its Kirkland Lake West
and Omega projects in the Kirkland
Lake District of Ontario's
Abitibi Greenstone Belt. The Company is listed on the Canadian
Securities Exchange (CSE) under the symbol MIS.
Agnico Eagle Mines Limited (TSX: AEM) holds an option to acquire
up to a 75% interest in Mistango's Kirkland
West and Omega projects (the "Projects") in exchange for
spending $60 million on the
Projects.
Neither Canadian Securities Exchange nor its Regulation
Services Provider accept responsibility for the adequacy or
accuracy of this release. Certain information in this press release
may contain forward-looking statements. This information is based
on current expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. Mistango assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to Mistango. Additional information identifying risks
and uncertainties is contained in filings by Mistango with Canadian
securities regulators, which filings are available under Mistango
profile at www.sedar.com.
For the latest updates, please contact or follow us on Twitter
@mistango
SOURCE Mistango River Resources Inc.