TORONTO, Dec. 16,
2022 /CNW/ - Mistango River Resources Inc.
("Mistango" or the "Company") (CSE: MIS) is pleased to announce
that it has begun a 30 hole, 3,000 metre drill program on its
Goldie Project ("Goldie"), 50 km west of Thunder Bay.
Goldie is adjacent to Delta Resources' (DLTA: TSXV) Delta-1
Project, which reported multiple holes of visible gold, including
an intersection of 11.9 metres of 14.8 g/t gold within a broader
interval of 31.0 metres of 5.92 g/t gold. Preliminary work on the
Goldie suggests the property hosts similar mineralization as
Delta-1, which remains open in all directions and at depth. Delta
Resources' observations suggest the mineralized zone is defined
over a strike length of nearly 1 km and a vertical depth of
approximately 220 metres.
Goldie is located within the Shebandowan Greenstone Belt and
covers a 5.6 km of strike on the Shebandowan Structural Zone, which
also hosts Goldshore Resources Inc's (GSHR: TSXV) low-grade
high-tonnage Moss Lake gold deposit. Goldie lies to the north of
the Trans-Canada highway and is accessed by forestry roads.
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
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
Neither Canadian Securities Exchange nor its Regulation
Services Provider accepts 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.
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SOURCE Mistango River Resources Inc.