MIS Announces Initial Resource Estimate On Omega

MISTANGO ANNOUNCES INITIAL RESOURCE ESTIMATE ON OMEGA MINE PROJECT

Kirkland Lake, Ontario, Mistango is pleased to report it has completed a National Instrument 43-101 resource estimate on the 100% owned Omega Project. The report was authored by AMC Mining Consultants (Canada) Ltd. (AMC) of Toronto, Ontario in accordance with the requirements of National Instrument 43-101 and describes the initial Mineral Resource estimate on the Omega Property.

The Inferred Mineral Resource estimate, 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 is set out in the table below. Note that 130 masl approximately corresponds to 170 m vertical depth in areas proximal to main mineralization zones.

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Mistango Signs A Memorandum Of Understanding

September 20, 2012 Kirkland Lake Ontario Mistango River Resources Inc. (MIS:CNSX) (GLRAF:OTC) (“MIS” or the “Company”) is pleased to announce it has signed a Memorandum of Understanding (MOU) with United Commodity AG (UC) of Thun of Switzerland regarding reprocessing of the tailings from the former Omega mine situated on the Company’s property located in Larder lake Ontario.

Details of the MOU are summarized below.

  1. Mistango provides the feed and UC and /or UC-R makes the feed processing
  2. If it makes economically sense, UC will install in 2012 on its own costs a Concentrator Facility on Mistango’s mining property with the purpose to concentrate the feeds before shipment to UC’S refinery. UC will extract all remaining heavy and noble metals +neutralize contaminated concentrates.
  3. Mistango provides an exclusive feed recycling right to UC until the processing of the tailings is completed.
  4. The two parties agree a profit (revenue minus processing costs) sharing.
  5. UC is responsible for all permits and any new environmental liabilities that should occur because of UC’s tailings recycling operation.

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More Results From Omega's Latest Drill Program

MISTANGO RIVER RESOURCES ANNOUNCES MORE RESULTS FROM OMEGA’S LATEST DRILL PROGRAM IN THE OPEN PIT AREA

Kirkland Lake, Ontario, August 22, 2012, Mistango River Resources Inc. (MIS : CNSX) (GLRAF : OTC) today announced the results of six holes drilled on the Omega Gold project. Mistango had completed the drilling of all holes in the open pit area as mentioned in the news release dated August 7, 2012, however, on review the Company decided to drill an additional six holes to better define particular areas.
Highlights of the drilling include:

  • OM-12-92: 2.419 g/t Au over 19.5m
  • OM-12-93: 1.494 g/t Au over 55m

These and other significant assay results are listed in the table below:

Read more: More Results From Omega's Latest Drill Program

Mistango Announces More Results From Omega

MISTANGO RIVER RESOURCES ANNOUNCES MORE RESULTS
FROM OMEGA’S LATEST DRILL PROGRAM IN THE OPEN PIT AREA

Kirkland Lake, Ontario August 7, 2012 Mistango River Resources Inc. (“Mistango”)(CNSX: MIS, OTC: GLRAF) today announces the final ten drill hole results from the 11,515 m drill program at Omega. This completes the drill program at the open pit area of the Omega Project.
HIGHLIGHTS:

  • OM-12-80 1.113 g/t Au over 15m and 16m of 0.959 g/t Au and 17m of 1.248 g/t Au
  • OM-12-81 1.259 g/t Au over 10m and 12m of 3.808 g/t Au
  • OM-12-84 1.060 g/t Au over 28m and 10m of 2.408 g/t Au
  • OM-12-88 0.810 g/t Au over 44 m

Read more: Mistango Announces More Results From Omega

99% Overall Gold Recoveries From Tests At Omega

MISTANGO REPORTS 99% OVERALL GOLD RECOVERIES FROM TESTS AT OMEGA 

Kirkland Lake, Mistango River Resources Inc. (MIS : CNSX) (GLRAF : OTC) today announced the results of recent metallurgical testing carried out by SGS Mineral Services for the Omega Gold Project.
Ore characterization was conducted on a 17 kilogram sample taken from drill core, showing a composite head grade of 3.58 g/t gold. Gravity, whole ore leach, and flotation tests were compared with gravity-flotation. Gravity recoveries were about 3%, whole ore leach up to 86% and the gravity flotation test indicated overall 99% recovery. All three gravity flotation tests demonstrated that results were not influenced much by grind size.

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MIS Resumes Drilling at Omega Mine Project

Kirkland Lake, Mistango River Resources Inc. (“Mistango” or the “Company”) (MIS: CNSX) (GLRAF: OTC) today announced it has completed its $2.5 million private placement with Queenston Mining Inc. (TSX: QMI); the Company has resumed drilling at its 100% owned Omega Mine Property located at Larder Lake, Ontario. Drilling has begun with one drill while a second drill is expected to arrive within a couple of weeks. The present drill program consists of 24 holes, approximately 11,515 metres, designed to complete the recommended infilling drilling around the potential open pit area so that a NI 43-101 resource estimate can proceed as well as the drilling of the down-plunge extensions of the Omega deposit and the Lake zone.

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MIS & Queenston Private Placement Financing Closed

Mistango Closes Non-Brokered Private Placement With Queenston Mining

Kirkland Lake, Mistango River ResourcesInc.(CNSX: MIS) (“Mistango”) reports that it has closed the previously announced non-brokered private placement with Queenston Mining Inc. (“Queenston”), pursuant to which it has issued 10,500,000 units of securities of Mistango of which 8,000,000 such units were issued on a “flow-through” basis pursuant to the Income Tax Act (Canada) (each, a “FT Unit”) at a price of $0.25 per FT Unit, with the remaining 2,500,000 units of securities (each a “Unit”) sold at a price of $0.20 each for aggregate gross proceeds of $2,500,000 (the “Offering”). Each FT Unit and Unit comprises one Mistango Class A Voting Common Share (each a “Common Share”) and one-half of one warrant (each whole warrant, a “Warrant”), with each Warrant exercisable to acquire one Common Share at a price of $0.35 for a period of two years after issuance of the Warrant, subject to acceleration in the event the closing price of the Common Shares on the CNSX equals or exceeds $0.50 for a period of ten consecutive trading days.

Read more: MIS & Queenston Private Placement Financing Closed

MIS - Private Placement Financing w/ Queenston Mining

Kirkland Lake, Ontario:Mistango River Resources Inc. (CNSX: MIS) (“Mistango”) today announced a proposed non-brokered private placement with Queenston Mining Inc. (“Queenston”), of 10,500,000 units of securities of Mistango of which 8,000,000 such units will be issued on a “flow-through” basis pursuant to the Income Tax Act (Canada) (each, a “FT Unit”) at a price of $0.25 per FT Unit and the remaining 2,500,000 units of securities (each a “Unit”) will be sold at a price of $0.20 per Unit for aggregate gross proceeds of $2,500,000 (the “Offering”). Each FT Unit and Unit comprises one Mistango Class A voting common share (each a “Common Share”) and one-half of one warrant (each whole warrant, a “Warrant”), with each Warrant exercisable to acquire one Common Share at a price of $0.35 per Common nShare for a period of two years after issuance of the Warrant, subject to acceleration in the event the closing price of the Common Shares on the CNSX equals or exceeds $0.50 for a period of ten consecutive trading days.

Read more: MIS - Private Placement Financing w/ Queenston Mining

MIS Drills 94m of 0.946 g/t Gold at Omega

Kirkland Lake, Ontario, April 30, 2012: Mistango River Resources Inc. (“Mistango” or the “Company”) (MIS: CNSX) (GLRAF: OTC) today announced more diamond drill results from ten holes from this year’s drilling at its 100%-owned Omega Gold Project, located in the Kirkland Lake mining district of Ontario on the Cadillac fault system.

Drill Intercept Highlights:

  • OM-12-76: 0.946 g/t gold over 94 metres (including 18 metres of 1.360 g/t gold)
  • OM-12-72: 1.177 g/t gold over 59 metres (including 34 metres of 1.834 g/t gold)
  • OM-12-70: 0.997 g/t gold over 54 metres (including 10 metres of 2.421 g/t gold)

“The wide widths of gold mineralization we’ve intersected this year in the potential open pit area are very encouraging since they are certain to add resources there to the deposit’s geological model. We have now completed 90 holes and the last eleven holes all are in the potential open pit area. Once those assays have been received we will proceed to a 43-101 resource estimate,” commented Robert Kasner, President and CEO of Mistango.

Earlier results from 2012 drilling, that continued the 2011 campaign, were reported in a news release on March 2, 2012.

Read more: MIS Drills 94m of 0.946 g/t Gold at Omega