- Mistango River Resources (MIS) provided an update on progress at the Manibridge Mine
- The final drill hole assays of the Phase Two drill program have been released on the high-grade nickel and copper cobalt Manibridge project in the Thompson Nickel Belt, Manitoba
- A total of 10,091 metres were completed over 36 diamond drill holes, including six abandoned drill holes, with all completed drill holes intersecting visible nickel sulphides
- Mistango River Resources Inc. (MIS) opened trading at C$0.04
Mistango River Resources (MIS) provided an update on progress at the Manibridge Mine.
The final drill hole assays of the Phase Two drill program have been released on the high-grade nickel and copper cobalt Manibridge project in the Thompson Nickel Belt, Manitoba.
Mistango owns 15 per cent of Manibridge, and Metal Energy, the project’s operator, owns 85 per cent.
A total of 10,091 metres were completed over 36 diamond drill holes, including six abandoned drill holes, with all completed drill holes intersecting visible nickel sulphides.
Highlights:
- MNB040A: 36.55 metres of 1.13 per cent NiEq, including 19.45 m of 1.69 per cent NiEq
- MNB039: 36.2 metres of 0.69 per cent NiEq including 12.15 m of 1.14 per cent NiEq
- New high-grade nickel zone demonstrates the discovery potential for multiple high-grade nickel shoots within the broader mineralized shell at Manibridge
James Sykes, CEO of Metal Energy stated that this new zone of more than 1 per cent nickel mineralization in the Upper Lens demonstrates discovery potential for multiple high-grade nickel shoots within the overall mineralized shell at Manibridge.
“Manibridge’s mineralized shell is over 1 km of strike, traced down to 800 metres depth, and locally exceeds 90 metres thickness. Drill holes MNB036, MNB037 and MNB040A show the growth of this new nickel mineralized zone that currently measures 25 metres thick by 40 m down-dip. This new zone contains our highest-grade continuous nickel intersection (19.45 metres of 1.69 per cent NiEq). We have maintained a 100 per cent Ni-sulphide intersection success rate, and 34 of 36 drill holes have intersected over 1 per cent nickel over variable sample widths. These facts demonstrate the robust nature of the Manibridge nickel system. Overall, we’re thrilled with the results from 2022’s drill programs, and we look to expand and discover additional high-grade nickel mineralization in 2023.”
Drill hole composite assay results from Sections 3N & 4N – Manibridge Project:
| DDH |
Composite
Width (m) |
Ni per cent |
Cu per cent |
Co per cent |
NiEq per cent |
GT
(NiEq per cent x m) |
MNB036
(4N) |
|
|
|
|
|
|
| Upper Lens |
34.25 |
0.53 |
0.02 |
0.01 |
0.55 |
18.8 |
| Lower Lens |
27.9 |
0.49 |
0.02 |
0.01 |
0.51 |
14.2 |
MNB037
(4N) |
|
|
|
|
|
|
| Upper Lens |
4.5 |
1.35 |
0.04 |
0.02 |
1.4 |
6.3 |
| Lower Lens |
27.15 |
0.45 |
0.01 |
0.01 |
0.47 |
12.8 |
MNB038
(4N) |
|
|
|
|
|
|
| Upper Lens |
2.7 |
0.47 |
0.02 |
0.01 |
0.49 |
1.3 |
| Lower Lens |
41.65 |
0.52 |
0.02 |
0.01 |
0.55 |
22.9 |
MNB039
(4N) |
|
|
|
|
|
|
| Upper Lens |
4.25 |
0.53 |
0.02 |
0.02 |
0.56 |
2.4 |
| Lower Lens |
36.2 |
0.69 |
0.03 |
0.02 |
0.73 |
26.4 |
MNB040A
(3N) |
|
|
|
|
|
|
| Upper Lens |
36.55 |
1.09 |
0.04 |
0.02 |
1.13 |
41.3 |
| Lower Lens |
17.65 |
0.41 |
0.01 |
0.01 |
0.44 |
7.8 |
Cross-section of results for Section 4N (MNB036 to MNB039). Source: Mistango River Resources Inc.
Cross-section of results for Section 3N (MNB040A). Source: Mistango River Resources Inc.
Mistango is a Canadian exploration and development company focused on its Kirkland Lake West and Omega projects in the Kirkland Lake District of Ontario’s Abitibi Greenstone Belt.
Mistango River Resources Inc. (MIS) opened trading at C$0.04.