Reposted: Mustang Minerals drills 18.53 m of 0.56% Had trouble pasting the last time.
MUSTANG EXTENDS MAYVILLE CU-NI DEPOSIT MINERALIZATION TO THE EAST
Mustang Minerals Corp. has released significant assay results from a step-out hole located approximately 250 metres east of the Mayville copper-nickel (Cu-Ni) deposit.
The drill hole successfully intersected Mayville M2 type copper-nickel mineralization in favourable Mayville Intrusion host rocks and highlights potential for further mineralization along a one kilometre geophysical trend extending to the east.
Significant Results from May 12-143:
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Au+
From To Interval Cu Ni Ag Co Pt+Pd
Hole (m) (m) (m) (%) (%) (g/t) (g/t) (g/t)
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MAY-12-143 174.47 193.00 18.53 0.56 0.16 0.90 140.58 0.21
Including 179.0 189.0 10.00 0.73 0.22 1.15 184.8 0.23
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Interval width = apparent width.
MAY-12-143 was drilled approximately 250 metres eastward and along the interpreted strike of the Mayville M2 copper-nickel deposit. The hole was collared with a 360 degree azimuth and a 45 degree core angle targeting a coincident airborne EM anomaly and magnetic trend.
The 18.53 metre sulphide mineralized zone occurs within a broad sequence of gabbro to ultramafic rocks interpreted as an extension of the main Mayville Intrusion. Mineralization occurs near the base of the gabbro contact, similar to the Mayville deposit.
The geophysical signature targeted in MAY12-143 is interpreted to continue approximately 400 meters eastward from the drill hole. Potential along this horizon may extend up to another 600m further eastward to include a large geophysical anomaly which is currently untested. This area will be one of the priority targets for the next phase of diamond drilling.
The Company is proceeding with a National Instrument 43-101 compliant resource estimate for the Mayville Deposit to incorporate drilling completed in 2012. The 'Mayville East' target offers the potential for further expansion of copper-nickel resources at Mayville.
The Company has added an updated graphic of the Mayville east target area and of drill core from the MAY-12-143 at www.mustangminerals.com/projects/mayville/.
Mayville is located 35 km by road from the Company's Makwa Nickel Deposit. Currently, the outlined mineralization at the two properties is detailed below.
1. The Makwa Ni-Cu Deposit has a NI 43-101 outlined reserve estimate completed in February 2010 by Micon International Limited of 9.86 million tonnes in the Probable Ore Reserve category containing 0.541% nickel, 0.113% copper 0.433 g/t PGM at the Makwa Project. 2. The Mayville (M2) Cu-Ni Deposit has a present NI 43-101 Indicated Resource of 9.227 million tonnes containing 0.61% copper, 0.23% nickel and 0.174 g/t palladium.
QA/QC Program
All core samples are sent to Accurassay Laboratories in Thunder Bay, Ontario. Analysis is completed for nickel, copper, cobalt and silver using an Aqua Regia digestion followed by AAS/ICP finish. For gold, platinum and palladium, fire assay of 30g aliquots followed by combination fire assay and AAS finish is employed. Drill core is logged and split on the Makwa site by Mustang personnel with half the core retained and stored. Mustang implements a QA/QC program on drill core including inserting blanks, duplicates and commercial standards at regular intervals with all core sample submissions to the laboratory.