Kirkland Lake, Ontario--(Newsfile Corp. - November 13, 2014) - Mistango
River Resources (CSE: MIS) (the "Company") reports that the Company will
drill test several identified targets derived from data compilation to historic
(airborne and ground geophysical surveys, "Input VTEM / IP / HLEM /
Magnetic", geological mapping, trenching, soil sampling) and more
recently completed mechanical work (backhoe trenching) and IP geophysical
surveying at its 100%-owned Sackville Property located approximately 50
kilometers west of Thunder Bay, Ontario.
The Sackville project has been of high interest to the Company
over a number of years with several exploration programs being completed
attempting to ultimately discover the in-situ source of historic large
high-grade polymetallic boulder-train located on the property. The three largest
being approximately 3 tonnes ("Stares"), 10 tonnes ("Boomer") and 15 tonnes
("Calvert"), discovered over a distance of approximately 1.8 kilometres and all
being generally aligned in a north to south orientation consistent with ice flow
direction. Historical and typical grades for the Stares Boulder: 12% Zn, 0.6%
Cu, 4.4% Pb, 359 g/t Ag, 5.52 g/t Au and the Calvert boulder: 12% Zn, 0.26% Cu,
1.70% Pb, 214 g/t Ag, 3.51 g/t Au. (Ni-43-101 Report on Sackville dated June
2010).
Additionally, numerous smaller felsic polymetallic boulders
have also been located along the ice-flow trend and of additional interest,
highly oxidized samples of magnetite iron formation which reported Zinc values
to 9%.
Current targets for drill testing are strataform VTEM / IP /
Magnetic anomalies located approximately 3 kilometres to the north of the known
debris field. Historic mapping and recent mechanical trenching efforts by the
Company have identified intermediate to felsic rocks as well as quartz-eye
rhyolite breccia in close proximity to priority drill target "Number 1".
Quartz-eye rhyolite breccia is considered important as the mineral bearing
boulder debris are of similar composition.
To view the "Calvert" / "Boomer" boulders, one of which, the
"Calvert", currently sits on display at the Lakehead University Campus in
Thunder Bay:
http://rjkexplorations.com/press-release/calvert-boomer-boulders.jpg
http://rjkexplorations.com/press-release/calvert-boulder-lakehead-university.jpg
To view the proposed drill target sketch:
http://rjkexplorations.com/press-release/sketch-of-targets.jpg
Fred Sharpley, P.Geo. is the Qualified Person for the Sackville
Property and has approved the technical information in this news release
This news release contains certain "forward-looking
information". All statements, other than statements of historical fact, that
address activities, events or developments that Mistango believes, expects or
anticipates will or may occur in the future including, without limitation,
statements relating to the certification of the registration of the assignment
agreement by the Registry Office and the release of the Consideration from
escrow. These forward-looking statements reflect the current expectations or
beliefs of Mistango based on information currently available to Mistango.
Forward-looking statements are subject to a number of significant risks and
uncertainties and other factors that may cause the actual results of Mistango 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. Factors that would cause actual results or events to differ materially
from current expectations include, but are not limited to, the failure of the
Registry office to certify the registration of the assignment
agreement.
Any forward-looking statement speaks only as at the date on
which it is made and, except as may be required by applicable securities laws,
Mistango 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 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:
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