MIS Receives HM Claim Royalty Consideration

MISTANGO RECEIVES HM CLAIM ROYALTY CONSIDERATION

Kirkland Lake, Ontario: September 30, 2013: Mistango River Resources Inc. (CNSX: MIS) (“Mistango”) announced today that, further to its press releases dated September 3, 19 and 26, 2013, $1,250,000 CDN and 100,000 common shares (the “Consideration”) of Premier Royalty Inc. (“Premier”) have been released from escrow to Mistango. The Consideration was paid to Mistango by Premier in connection with the sale of Mistango’s 2% net smelter return royalty on Kirkland Lake Gold Inc.’s HM Property to Premier.

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.

MIS To Sell Kirkland HM Claim Royalty

Mistango River Resources Inc. (CNSX: MIS) (“Mistango”) announced today that it has entered into a royalty purchase agreement (the “Agreement”) with Premier Royalty Inc. (“Premier”), an arm’s length third party, to sell Mistango’s 2% net smelter return royalty (the “Royalty”) on Kirkland Lake Gold Inc.’s (“Kirkland”) HM Property (the “Property”), located in Kirkland Lake, Ontario. Pursuant to the Agreement, and subject to its terms and conditions, Mistango will sell the Royalty to Premier in consideration for a cash payment of $1,250,000 CDN and the issuance to Mistango of 100,000 common shares of Premier (the “Consideration Shares”), subject to applicable regulatory approval.

Conditions to closing include conditions typical for a transaction of this type, such as completion of legal due diligence and receipt of regulatory approvals, as well as a condition that registration of the Property in Kirkland’s name be confirmed. Additionally, in the event Premier is acquired by Sandstorm Gold Ltd. (“Sandstorm”) prior to closing of the sale of the Royalty, closing is conditional on Sandstorm agreeing to issue common shares of Sandstorm to Mistango in lieu of the Consideration Shares.

Mistango (formerly GLR Resources Inc.) acquired the Royalty in connection with the sale of the Property in 2009 to Queenston Mining Inc. and Kirkland Lake Gold Inc. Closing of the transaction is expected to occur on September 19, 2013.

Read more: MIS To Sell Kirkland HM Claim Royalty

Sale Of HM Property To Close Sept 26

Kirkland Lake, Ontario: Mistango River Resources Inc. (CNSX: MIS) (“Mistango”) announced today that, further to its press release dated September 3, 2013 announcing that it had entered into a royalty purchase agreement (the “Agreement”) with Premier Royalty Inc. to sell Mistango’s 2% net smelter return royalty on Kirkland Lake Gold Inc.’s HM Property (the “Royalty”), closing of the transaction is now expected to occur on September 26, 2013.

Read more: Sale Of HM Property To Close Sept 26

Updated Resource Estimate On Omega Project

MISTANGO ANNOUNCES UPDATED RESOURCE ESTIMATE ON OMEGA PROJECT LARDER LAKE, ONTARIO

Mistango River Resources Inc., (CNSX, MIS) is announcing that it has received an updated inferred and indicated National Instrument 43-101 compliant Mineral Resource estimate on its 100% owned Omega Project from AMC Mining Consultants (Canada) Ltd. In the potential open pit area the inferred+indicated resource tonnes have been increased by 117% and contained ounces of gold by 34%. The global inferred+indicated resource tonnes have been increased by 92% and the global contained gold ounces by 24%.
A summary of the results of the estimated Mineral Resource at cut-offs of 0.5 g/t Au for mineralization above an elevation of 130 m above sea level (masl), representing open-pit potential and for a cut-off of 3 g/t Au below 130 masl, representing underground potential are shown in the Table below. Note that 130 masl approximately corresponds to 170 m vertical depth in areas proximal to main mineralization zones.

Summary of Mineral Resources as at 10 May 2013

Cutt Off Grade

Classification

Tonnes
(Mt)

AU
(g/t)

Contained
AU Ounces

0.5 g/t Au above 130 masl

Indicated

4.920

1.39

219,438

3 g/t Au below 130 masl

Indicated

0.003

3.19

370

Total
Indicated


219,808

0.5 g/t Au above 130 masl

Inferred

3.350

1.80

190,900

3 g/t Au below 130 masl

Inferred

1.340

4.00

174,500

Total
Inferred


365,400

 Note: A constant bulk density of 2.8 t/m3 has been used.

Read more: Updated Resource Estimate On Omega Project

MIS Announces Final Infill Drill Results at Omega

MISTANGO ANNOUNCES FINAL INFILL DRILLING RESULTS AT OMEGA

Mistango River Resources Inc. (MIS: CNSX) (GLRAF: OTC) wishes to announce results from the last eight infill definition drill holes completed in the potential open pit area of the Omega Gold Deposit. The current drilling is part of a recently completed and reported on fourteen drill hole program implemented by AMC Mining Consultants to upgrade the existing potential open pit resource from the inferred to the indicated category. Current potential pit inferred resources are estimated at 3.8 million tonnes, containing 306,100 ounces gold grading 2.5 g/t Au. Current global inferred resources stand at 5.0 million tonnes, containing 472,100 ounces gold grading 2.93 g/t Au.

Drilling Highlights

OM-13-110    1.72 g/t gold over 19 meters (including 1 meter of 10.75 g/t gold)

OM-13-112    1.46 g/t gold over 15 meters (including 1 meter of 3.68 g/t gold and 1 m of 3.4 d/t gold)

Omega Property composite table as of May 22, 2013

Read more: MIS Announces Final Infill Drill Results at Omega

MIS Completes Infill Drilling - Existing Resource

MISTANGO COMPLETES INFILL DRILLING PROGRAM AIMED AT UPGRADING EXISTING RESOURCE

Kirkland Lake, Mistango River Resources Inc. (MIS : CNSX) (GLRAF : OTC) today announced the latest results of the last two deep down plunge extension holes drilled on the Omega Deposit and five infill holes in the potential open pit area. The five infill holes are part of the already completed ( pending partial assays) 14 DDH, planned by AMC Mining Consultants in order to upgrade the existing potential open pit resource of 3.8 million tonnes, containing 306,100 Oz Au at 2.5 g/t Au, into the indicated category. The total inferred resource of the potential open pit and the down dip extension below contains 5 million tonnes, totaling 472,100 ounces of gold.

Drilling Highlights

  • OM-13-107 3.495 g/t gold over 32 metres (including 2 metres of 17.225 g/t gold)
  • OM-13-109 1.763 g/t gold over 57 metres (including 19 metres of 2.656 g/t gold and 5 m of 3.522 g/t gold)

Read more: MIS Completes Infill Drilling - Existing Resource

MIS Provides Progress Update

MISTANGO PROVIDES PROGRESS UPDATE

Kirkland Lake, Ontario, February 28, 2013, Mistango River Resources Inc. (MIS : CNSX) (GLRAF : OTC) Since the press release of January 9, 2013 the company has completed  13 holes in the area of the potential open pit. Mistango is pleased to report that a new drill rig has been able to penetrate through various drifts and stopes and recover core where previous attempts have failed.  It is believed that this new drilling should increase the size of the resource and upgrade the inferred resource of 3.8 million tonnes of 2.50 g/t to indicated.  The inferred resources below the potential open pit contain 1.2 million tonnes of 4.33 g/t totaling 166,000 ounces of gold. The total inferred resource of the potential open pit and below contains 472,100 ounces of gold. Return on assays has been slow mainly due to mechanical problems with the core cutting facilities.  Drilling is ongoing and the present program is expected to be completed by late March, 2013.

Read more: MIS Provides Progress Update

MIS Resumes Drilling At Omega

MISTANGO RESUMES DRILLING AT OMEGA

Kirkland Lake, Ontario, January 9, 2013, Mistango River Resources Inc. (MIS : CNSX) (GLRAF : OTC) Mistango Resources is pleased to announce that drilling has resumed at its 100% wholly owned Omega Mine property located in Larder Lake Ontario.

Further drilling will now concentrate in the area of the potential open pit, as recommended in the recently completed 43-101 resource estimate, which contains an Inferred Resource of 3.8 million tonnes of 2.50 g/t totaling 306,100 ounces of gold. AMC Consultants Ltd recommends an additional 1800 m of infill drilling needed to close apparent gaps in the 50 x 50 grid and possibly update the confidence level of the deposit from Inferred to Indicated. More holes need to be drilled to further outline and increase the Inferred Resource below the potential open pit which contains 1.2 million tonnes of 4.33 g/t containing 166,000 ounces of gold.”

Read more: MIS Resumes Drilling At Omega

Mistango Completes Deep Lake Claim Drilling Program

MISTANGO COMPLETES DEEP AND LAKE CLAIM DRILLING PROGRAM

Kirkland Lake, Ontario, December 20 2012, Mistango River Resources Inc. (MIS : CNSX) (GLRAF : OTC) today announced the latest results of the three deep, down plunge extension holes drilled on the Omega Deposit and six holes drilled on the Lake Zone of its 100%-Owned Omega Gold Mine Property in Ontario’s Larder Lake area.

Drilling Highlights

  • OM-12-99 3.579 g/t gold over 7 metres (including 2 metres of 5.470 g/t gold)
  • LZ- 12-04 2.105 g/t gold over 4.9 metres (including 1 metre of 6.320 g/t gold)

Read more: Mistango Completes Deep Lake Claim Drilling Program