Kirkland Lake, Ontario ?June 28, 2011 ?Mistango River Resources Inc. is forwarding a copy of the attached press release to those shareholders and interested parties registered on our internal email mailing list. If you wish to unsubscribe to our mailing list please click on this link
MISTANGO ADDS DRILLS
For immediate release
June 28, 2011 (Kirkland Lake, Ontario) Mistango River Resources (CNSX:MIS) provides the following update on their 100% owned Omega property.
Drilling on the Omega Property, Larder Lake area, McVittie Township, Ontario.
Two additional drills have been added to the drilling at Omega. The new drills are capable of drilling deep holes and will be used to test the deeper parts of the property while the smaller drill continues to drill in the potential open pit area.
To date the company has completed 8 diamond drill holes but only assays from the first hole have been received. Hole No. OM-11-01 intersected a new gold zone, 100m in the hanging wall of the old workings of the past producing Omega Mine that has similar geology to the previously mined ore bodies. The mineralization intersected is 15% disseminated pyrite in altered intermediate volcanic rocks on the hanging wall of sheared and altered ultramafic rocks. A table of composite assays is listed below.
Mistango River Resources Inc.
Table 1: 2011 Drilling : Omega Property: McVittie Twp ON- Significant Assay Composites
|
|
|
From |
To |
Width |
Assays |
|
|
|
Hole No. |
Section |
Zone |
(m) |
(m) |
(m) |
Au g/t |
|
Vert. Depth
m |
Mineralization
Type |
Alteration |
|
|
|
|
|
|
|
|
|
|
|
OM-11-01 |
700W |
21 |
249.0 |
272.0 |
23.0 |
0.94 |
|
225 |
Py-?Flow Ore? |
Sil-ser |
|
|
|
259.0 |
266.0 |
7.0 |
2.68 |
incl |
|
Py-?Flow Ore? |
Sil-ser |
|
|
|
263.0 |
266.0 |
3.0 |
4.06 |
incl |
|
Py-?Flow Ore? |
Sil-ser |
|
|
|
264.0 |
266.0 |
2.0 |
5.09 |
incl |
|
Py-?Flow Ore? |
Sil-ser |
|
|
|
|
|
|
|
|
|
|
|
Note: intersection is 60% of true width; Py-pyrite; sil-silica; ser-sericite; ?Flow-Ore?- mineralization containing 15% disseminated pyrite with similar geologically to the past producing Kerr Addison Mine which is located along the Larder Lake-Cadillac Break approximately 10 km to the east.
QA/QC was followed in sampling the core. The core is sawed in half for sampling. Standards, blanks and duplicates were inserted into the stream of core samples every 20 m. The core was assayed at Expert Laboratory Inc. at Rouyn-Noranda, QC using 30 gram samples. The core samples were analyzed using the fire assay method and AA finish. Assays of 1 g/t Au and greater are reassayed using the gravimetric method. Fred Sharpley, P.Geo is the QP for the Omega Property.
These results are very encouraging as this is a new Gold zone previously undetected. The hole was drilled with the smaller drill using BTW core and was unable to reach the other main Gold Zones.
Mistango River Resources is a Canadian-based junior mining and exploration company focused on existing projects in Ontario and Quebec. Mistango River Resources is listed for trading on the Canadian National Stock Exchange (the "CNSX") under the trading symbol ?MIS?.
The CNSX has not reviewed and does not accept responsibility for the adequacy of this release.
Forward-Looking Information
This news release contains certain "forward-looking information". All statements, other than statements of historical fact, that address activities, events or developments that Mistango River Resources believes, expects or anticipates will or may occur in the future including, without limitation. These forward-looking statements reflect the current expectations or beliefs of Mistango River Resources based on information currently available to Mistango River Resources. Forward-looking statements are subject to a number of significant risks and uncertainties and other factors that may cause the actual results of Mistango River Resources to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Mistango River Resources . Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Mistango River Resources disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although Mistango River Resources believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
For further information please contact:
Robert Kasner, President and CEO
Telephone: 1 705 567 5351
E-mail: kasner1@ntl.aibn.com