Kirkland lake, Ontario--(Newsfile Corp. - May 5, 2014) - Mistango River Resources Inc. (CSE:
MIS) (the "Company") is pleased to announce that due to a recent action by the
Quebec Ministere des Ressources naturelles, certain of the company's currently
held mineral tenures have been enlarged in size and now cover most of a former
Mining Lease resulting in Mistango now gaining mining claim status to the past
producing "Estrades" Polymetallic Mine.
The east-west trending and vertically dipping Estrades deposit
is located approximately 95 kilometers north-east of the town of La Sarre Quebec
along the highly prospective Casa Berardi Break which currently contains two
Zn-Cu-Pb-Au-Ag bearing sulphide zones averaging >1-3 metres in thickness, of
which, the main and central zones are now within the company's land holdings.
The Estrades deposit was discovered in 1985, with the main zone
being developed by Breakwater Resources in 1990 to a vertical depth of 200
metres and the mining of 174,946 tonnes of ore grading 1.1% Cu, 13.0% Zn, 6.4
g/t Au and 172 g/t Ag took place.
In 2006, and independent NI-43-101 compliant resource estimate
was completed on the Main Zone by Scott Wilson Roscoe Postle, and resources in
the Central Zone were estimated in the course of a feasibility study completed
in 2008 by GENIVAR.
| Zone |
tonnes |
%Zn |
%Cu |
%Pb |
g/t Au |
g/t Ag |
| Main |
560,672 |
10.3 |
0.7 |
0.9 |
5.2 |
174 |
| Central |
148,500 |
8.1 |
1.1 |
0.8 |
4.1 |
122 |
| Total |
709,172 |
9.80 |
0.8 |
0.9 |
5.0 |
163 |
| |
|
|
|
|
|
|
The company is not relying on these historical estimates and is
unaware of any additional work completed to date on the property, however, a
qualified person has not done sufficient work to upgrade or verify this
historical estimate as mineral reserves or mineral resources and as such the
company is not treating the historical estimate as current mineral resources or
mineral reserves.
Mistango now controls approximately 3,967 hectares and
approximately 9 kilometers of the Casa Berardi Break corridor and is located
approximately 22 kilometers east of Hecla's producing "Casa Berardi" underground
gold mine.
The technical information contained in this release has been
reviewed by Fred Sharpley P.Geo.
For further information please contact:
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