Mistango Drill Testing Historic VMS-Type Targets In Sackville Township, Ontario

Sketch-of-Target-Large


Kirkland Lake, Ontario: 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:

Calvert-Boulder-Lakehead-University

Calvert-Boomer-Boulders

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:

Mistango River Resources Inc.
Robert J. Kasner, President and CEO
Telephone: 1 705 567 5351
E-mail:This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Mistango River Resources Inc.
Donald Kasner, Investor Relations
Telephone 705-570-1019
E-mail:This email address is being protected from spambots. You need JavaScript enabled to view it.